General Electric Capital to Offer Another Sukuk
On May 24, 2010 · In Debt Bonds, GE Capital, Islamic Bonds, Islamic charities, Islamic Finance, Sharia Compliant, Sharia Products, Shariah Bonds, Shariah Finance, SUKUK, Zakat
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
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