The BinLaden Group, the huge conglomerate controlled by the family of Al Qaeda terrorist head Osama Bin Laden, has issued a major Sukuk (Islamic bond) offering…

The Saudi Binladin Group issued a 700 million-riyal ($187 million) Islamic bond, known as sukuk, on July 12 through a private placement to Saudi investors as the Jeddah-based company expands its operations.

HSBC handled the offering for the Bin Ladens. Readers of SFW are reminded that they may wish to take these activities into account when choosing their own financial services firms…

http://www.businessweek.com/news/2010-07-17/saudi-binladin-group-issues-700-million-riyal-sukuk.html

 

One Response to The Bin Ladens Issue Big Sukuk

  1. And now the Bin Ladens are getting involved in the nuclear industry. Nukes, sharia finance, and Islamism from the family that pretends to have disowned Osama bin Laden. What could go wrong?

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