Islamic Finance
Regulation, Risk & Compliance
Uncategorized
"Unlawful" sukuk threaten Dubai's Islamic finance ambitions
Dubai's ambitions to become a global hub for Islamic finance may have been dented by the decision of Dana Gas to declare $700 million of its Islamic bonds "unlawful", and thus suspend payments on the debt. Building on its success in conventional banking, Dubai announced in 2013 a drive to…
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Click here to read the full story: Reuters