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Sukuk for UK company

Mon, 2010-11-08 13:22 — newsdesk

North east company International Innovative Technologies (IIT), UK, issued a Sukuk. The 4-year, USD 10 mn musharaka sukuk – small by international capital markets standards – was placed privately with Millennium Private Equity and regulated by Dubai Financial Services Authority.

Source: 

http://www.themanufacturer.com/uk/content/11266/Sharia_funding_for_milling