Sukuk deal ushers in Islamic bonds
A $165 million transaction put together by a small Houston oil and gas company has opened the U.S. door to a growing global source of alternative capital.
East Cameron Partners, a 57-year-old father and son wildcat operation, last year became the first domestic business to get financing through a "sukuk" -- a debt bond issue that complies with Islamic Shariah religious law by prohibiting interest payments and requiring tangible assets or equity to be used as collateral.
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Having read this, please do take the time to read the following: Islamic Economics and Shariah Law: A Plan for World Domination to understand the greater implications of the Western world creating a parallel financial system.
Pertinent Links:
1) Sukuk deal ushers in Islamic bonds
2) A dissertation on Sukuk and its risks
3) Dow Jones Citigroup Sukuk Index
4) Sukuk at Answers.com
5) Islamic Economics and Shariah Law: A Plan for World Domination
Monday, January 22, 2007
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