Civil law and Shariah continue to butt up against each other, this time in Malaysia, where lawyers, bankers and Shariah scholars have had to assess the Shariah Finance industry where Sukuk holders rank in priority of payment when default occurs.

A near-default in December of the dollar-denominated Sukuk from Dubai property developer Nakheel created fears that Shariah financing instruments may not be a safer alternative to conventional investments.

http://www.macaunews.net/story/666815

 

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