If the issue goes ahead after the investor meetings, Goldman will become only the second non-Islamic bank to sell sukuk, after the Middle Eastern unit of HSBC did a $500 million deal in 2011. Sales of Islamic financial instruments are checked for religious permissibility by sharia scholars engaged by the issuer. Goldman sought advice for its latest plan from three prominent scholars: Abdul Sattar Abu Ghuddah, Mohammed Elgari and Sheikh Nizam Yaquby, the source familiar with the plan said. Read more: reuters/article/2014/09/04/goldman-sukuk-idUSL5N0R513N20140904
Posted on: Mon, 08 Sep 2014 02:05:00 +0000
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