Hedge Funds & Alternative Investments
Islamic Finance
Uncategorized
Islamic bond market stunned by ‘unlawful’ sukuk claim
The market for Islamic bonds is in turmoil after Dana Gas of the UAE told investors that its $700m sukuk is “unlawful”. Sharjah-based Dana Gas, which produces gas in Egypt and Iraqi Kurdistan, has laid out proposals to restructure its sukuk maturing in October, telling creditors that it could not…
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Click here to read the full story: Financial Times