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As well as providing concrete fundraising suggestions – including micro-levies on corporations, a voluntary solidarity tax, and increased use of Islamic funding such as zakat religious contributions and Islamic bonds – the experts had sharp words for a system often riven by "turf wars".
Islamic bonds".
Malaysia dominates the global market for sukuk, or Islamic bonds.
The market growing fastest in the Gulf is sukuk, or Islamic bonds.
DUBAI — Until recently the issuance of Islamic bonds, or sukuk, was confined to the Muslim world.
So, have Dubai's troubles exposed an insurmountable obstacle to Islamic bonds joining the investment mainstream?
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BLOOMBERG NEWS Fresh Troublele for Goldman on Islamic Bonds | A $2 billion Islamic bond issuance by Goldman Sachs encountered a new snag when it turned out that at least two religious scholars named on the prospectus as potential approvers had not even seen the documents, Reuters reports.
They are eager for a larger share of the $135 billion Islamic bond market.
Malaysia is the dominant sukuk market, handling 74 percent of the $135 billion Islamic bond issuance in 2012.
The Islamic bond which animates Pakistan's jihadist policy in Kashmir was absent during this massacre.
DUBAI — Saudi Arabia issued its first government-backed Islamic bond this week, for its aviation agency, setting a benchmark for pricing of conventional and Islamic bond issues this year because of its size.
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