GE Capital has announced that it will offer another Islamic bond (sukuk).

The sukuk offerings are not eligible for US markets, so obtaining a prospectus for an offering can be difficult.

Nevertheless, SFW was able to obtain such a prospectus after GE’s first foray into the world of Shariah and part of the prospectus does indeed state that a portion of the assets will be paid in the form of zakat to Islamic charities…

http://www.benzinga.com/markets/company-news/10/05/285359/ge-to-launch-a-new-sukuk-ge

 

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!