02.11.2010 - Islamic banking, blazing new trails in the Persian Gulf
From Tribune.com.pk: The last few months have seen a sudden upsurge in the Islamic loans market in the Persian Gulf countries. Investors sold sukuk bonds (Shariah-compliant bonds) with lower debt ratings, in order to raise funds for issuing new, state-backed sukuk bonds. Islamic finance has spread widely. Due to the huge returns from investing in Islamic bonds, or sukuk, more and more people are investing and utilising the proceeds to pay off debt relief services...........................................Full Article: Source
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