Opinion: Goldman debunks sukuk defences

A grim secondary performance by Goldman Sachs’s debut sukuk has made it a soft target for anyone who holds that the Islamic market is just not ready for such non-halal borrowers. But far from illustrating that thesis, Goldman will be remembered – not least by conventional borrowers – as the bright spark which debunked the market’s defences and blew the door open for all and sundry to follow.