Luxembourg sukuk sparks excited phone calls across Europe

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Luxembourg sukuk sparks excited phone calls across Europe

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Luxembourg never intended its debut sukuk to be a one-off sale, and its commitment to Islamic finance means it would make sense for the sovereign to return to market, a source at the Luxembourg ministry of finance told IFIS. But the transaction has also prompted other issuers across Europe to question what the potential benefits of sukuk could be, said bankers on the deal.

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