3309 Drysdale Ct
Edwardsville, IL 62025
is a major Dubai property developer (govt owned).
A "sukuk" is a bond that conforms to Islamic Sharia law which prohibits the charging of interest.
If Dubai Nakheel were to default on the sukuk, there would be a MASSIVE fallout.
thanks...just did some reading....very interesting.
maybe AIG could funnel them a few billion..
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Nakheel
Major brokers GS, MS, JEF
Posted by isplat on 25th of Nov 2009 at 01:34 pm
is a major Dubai property developer (govt owned).
A "sukuk" is a bond that conforms to Islamic Sharia law which prohibits the charging of interest.
If Dubai Nakheel were to default on the sukuk, there would be a MASSIVE fallout.
thanks...just did some reading....very interesting. maybe
Posted by dylan398 on 25th of Nov 2009 at 02:05 pm
thanks...just did some reading....very interesting.
maybe AIG could funnel them a few billion..