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Islamic Banks 'Should Issue Perpetual Sukuk'
Islamic banks have an incentive to issue perpetual sukuk with Basel III in the offing, a leading Islamic finance scholar has said. According to Shaikh Nizam Yaquby, perpetual bonds/sukuk are classified as tier 1 capital under the new norms. "Due to their attractive features they have been popular amongst issuers."…
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Click here to read the full story: Gulf Daily News