09.08.2010 - Default woes may reshape Islamic finance
From Tradearabia.com: Recent sukuk defaults and Investment Dar's legal battles are set to reshape Islamic finance as investors demand more transparency on asset structures and proof of borrowers' creditworthiness. Several high-profile Islamic bond defaults and the near failure of Dubai property firm Nakheel's sukuk have soured investor sentiment toward the sector, casting doubt on claims that the sharia's safeguards offer added protection..............................................Full Article: Source
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