Dubai, the favored smuggling post for illicit and dangerous goods into Iran, is to raise billions of dollars from the issuance of Islamic bonds.

http://www.bloomberg.com/apps/news?pid=20601013&sid=aGArmouiqNjU

 

2 Responses to Dubai to Raise $1.93 Billion From Sukuk Sale

  1. Am I misunderstanding, or are you suggesting that proceeds from the sale could end up in Iranian hands?

  2. shariahfinancewatch says:

    I am not suggesting that this particular transaction might benefit Iran, but I am pointing out that Dubai facilitates a lot of sanctions avoidance for the Iranians in general. Dubai is regarded by many in the West as friendly, but Dubai’s actions suggest otherwise.

Leave a Reply

Looking for something?

Use the form below to search the site:


Still not finding what you're looking for? Drop a comment on a post or contact us so we can take care of it!