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Corporate sukuk still stymied by pricing, design
They face legal issues and heavy tax burden unless there is special legislation in place
Add BT as a preferred sourcePublished Fri, May 29, 2015 · 09:50 PM
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London
SUKUK issuance by governments around the world is expanding, helping to bring Islamic finance into the mainstream. But in one respect, the sovereign issues are proving a disappointment: they are not encouraging sukuk sales by companies.
Legal and product design issues as well as pricing - it can be considerably more expensive for companies to issue sukuk than conventional bonds - are deterring corporate activity.
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