Islamic bond trial over $650m launches in London - FT.com:
"A $650m legal dispute has been launched in London’s High Court that will offer a rare glimpse into the Islamic bond market, as well as banking and business practices in the Middle East.
The court case involves Saudi Arabia’s largest property group Dar Al Arkan (DAAR) and Bahrain-based Bank Alkhair, which is claiming that a website campaign waged by a former employee made it difficult for both DAAR and the bank to raise money for the repayment of “sukuk” bonds compliant with Islamic law.
DAAR, which is listed on the Saudi exchange, and Bahrain-based Bank Alkhair are suing four parties including Kroll, the security group, alleging reputational damage."
'via Blog this'
No comments:
Post a Comment