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More and better exemptions from the SEC, but no-action letters may not disappear

Regard for the limits on power and proper consultation would have created confidence

The product cannot recover from recent market turmoil. But there are replacements

Run the tests for its effectiveness again

Counsel argue over Aaoifi, Islamic law and the role of the region’s finance centres

The private equity counsel discusses legislative changes in Brazil that encourage investment

Counsel can't agree on whether reform is desirable or even necessary

The problem is shoehorning in western products

The US government must take a step back and evaluate the credit derivatives market's problems. Another emergency order would doom the market

Partly fuelled by a flood of petrodollars resulting from the record high of global oil prices, the demand for international Islamic financial assets has increased rapidly during the last few years. Sukuk has developed as one of the most significant mechanisms for raising finance in the international capital markets through halal (Islamically acceptable) structures. As an alternative to conventional bonds, multinational companies, as well as governments, use international sukuk issuance whenever they wish to borrow money from financial markets.