10.11.2010 - Dubai's revival raises questions about Islamic finance
From Dailyfinance.com: Under Shariah, or traditional Islamic law, charging interest on a loan is taboo, but Muslim businessmen have created sukuk, which are financial instruments that can enable a return on principal. Less than a year ago, during the worst days of Dubai's financial crisis, it seemed likely that lawyers would turn Dubai into a laboratory for thrashing out the consequences of defaulting sukuk. Now, though, the worst of the financial crisis in Dubai has passed, with a minimum of such thrashing..............................................Full Article: Source
Print