Asset-Backed Islamic Bond Template Eyed

10 Jan 2011

The Islamic International Financial Market is planning to develop a template for asset-backed Islamic sukuk, or bonds, over the next 12 to 18 months.

The Islamic International Financial Market is planning to develop a template for asset-backed Islamic sukuk, or bonds, over the next 12 to 18 months. Bankers and lawyers say the asset-backed sukuk is closer to the spirit of Shariah law since they involve a transfer of tangible assets, a ...

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