Tuesday 29 May 2012

Bonds: Saudi issuance is important signal to companies - FT.com

Saudi Arabia, long the sleeping giant of the Islamic debt markets, is finally shaking off its torpor and has dominated global sales of so-called sukuk so far this year.
Sukuk are bonds that are structured to comply with Islamic principles and have strictures against interest. Rather than a fixed coupon, the instruments pay a “profit rate”.

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