Shariah adviser of ill-fated Goldman Sachs sukuk closes down
Dar Al Istithmar — the Shariah advisory firm at the heart of the Goldman Sachs sukuk controversy that saw the bank cancel plans for a $2bn deal — has closed down. The company failed to recover from a rift between staff and shareholders last year that resulted in the firm’s senior management and much of its personnel leaving to join another firm, Khalij Islamic.
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