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About six billion of it is in Islamic bonds, including a three and a half billion dollar bond set for repayment on Monday.
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This is largely the premise upon which the instrument known as the sukuk, or the Islamic bond, operates. FORBES: Magazine Article
And Hong Kong Chief Executive Donald Tsang has said that he wants to develop an Islamic bond market in 2008, in order to boost the region's global financial standing. FORBES: Contenders For The Crown
Mutual funds tracking one of the Islamic indexes, publicly traded bond issuances and the trading of securitized bond issuances on a secondary market, and even U.S.public companies announcing their commitment to conducting their business according to the principles of Shariah are some of the more obvious examples. CENTERFORSECURITYPOLICY: Shariah’s Black Box