August 18, 2010

YOU THINK THE RIGHT SOUNDS CRAZY NOW?:

First UK Islamic bond launches (David Oakley, August 16 2010, Financial Times)

The first UK Islamic bond has been launched in a significant development that could prompt other British companies to raise money in the niche market.

The issue from a small British manufacturer is likely to be the first of many sukuk fundraisings in the UK, say analysts.

The UK government is also expected to pave the way for the launch of the first sovereign sukuk, a bond that complies with Islamic religious rules, in the next year or two.


Just wait until the Daniels Administration issues the first American Islamic bond.

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Posted by Orrin Judd at August 18, 2010 6:20 AM
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