Shariah bond programs from a trio of big conventional banks are set to expand the boundaries of Shariah finance, helping open the market to first-time issuers while testing the banks’ ability to win over industry purists.

Since June, France’s Societe Generale, Bank of Tokyo-Mitsubishi UFJ (BTMU) and Goldman Sachs have set up such sukuk programs, aiming to tap the pool of cash-rich Islamic investors.

http://www.reuters.com/article/2014/09/14/sukuk-banks-west-idUSL5N0RC05F20140914

 

 

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