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Examples
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Now Western banks are using that template to pioneer Islamic credit cards, Islamic mortgages and Islamic bonds (known as sukuks) that have over the past year financed everything from a $1 billion upgrade of Dubai airport to Pakistani government debt.
MONEY TALKS 2007
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To complicate matters further, the debts were taken out as Islamic bonds, known as sukuks, and the rules about what happens if the borrower fails to pay them back are hazy.
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To complicate matters further, the debts were taken out as Islamic bonds, known as sukuks, and the rules about what happens if the borrower fails to pay them back are hazy.
The Guardian World News Heather Stewart, Ian Black 2009
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At the height of Nakheel's woes last December Nakheel's 3.6 billion United Arab Emirates dirham (about $980 million) 2010 and $750 million 2011 sukuks were trading at around 38% of face value.
The Calculus Behind Dubai's Nakheel Repayment Ainsley Thomson 2010
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This will allow trade creditors to cash-in the sukuks if they wish.
The Calculus Behind Dubai's Nakheel Repayment Ainsley Thomson 2010
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As you know, 60% of global sukuks (an Islamic financial certificate, similar to a bond) are issued from Malaysia, and we have an excellent training center which is run by the central bank and offer courses for students around the world.
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As you know, 60% of global sukuks (an Islamic financial certificate, similar to a bond) are issued from Malaysia, and we have an excellent training center which is run by the central bank and offer courses for students around the world.
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However, the person said it was decided the sukuks should be paid in full and on time because the economic cost to do otherwise would be too high as it would leave the restructuring process open to being blocked by a single class of creditors.
The Calculus Behind Dubai's Nakheel Repayment Ainsley Thomson 2010
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As you know, 60% of global sukuks (an Islamic financial certificate, similar to a bond) are issued from Malaysia, and we have an excellent training center which is run by the central bank and offer courses for students around the world.
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Doha Bank, which reported first-quarter net profit of 315 million riyals, previously issued $1 billion of Islamic bonds, or sukuks, in early 2008.
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