Islamic bonds don't pay interest, but attract Western investors
Islamic bonds don't pay interest, but attract Western investorsThe value of bonds that comply with Islamic law, known as sukuk, has more than doubled in the past year to $4.6 billion, as U.S. and European investors flock to the investment style. Western investment banks are working to become more familiar with the rules of sukuk, which forbid the paying of interest.
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posted by Victor Lloyd Smith @ 11:23 AM
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