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Dubai Nakheel woes may help Islamic finance in time

Posted on 22 March 2010

From Moneycontrol.com: The trillion dollar Islamic finance industry is looking beyond the troubles of Dubai developer Nakheel at possible reforms that could help draw more interest from Western players.

Dubai World rocked the global markets in November when it asked for a delay in repaying USD 26 billion in debt. A USD 4.1 billion sukuk, or Islamic bond, from its unit Nakheel staved off default thanks to a bailout from Abu Dhabi………………………………….Full Article: Source

 
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