Goldman Sachs plans sukuk issue as Islamic finance goes mainstream

DUBAI/KUALA LUMPUR (Reuters) - Goldman Sachs (NYSE:GS - News) is reviving plans to issue at least $500 million worth of Islamic bonds, a sign that Islamic finance is going mainstream as big conventional banks seek to tap Middle Eastern money. If the issue then goes ahead, Goldman will become only the second non-Islamic bank to sell sukuk, after the Middle Eastern unit of HSBC (LSE:HSBA.L - News ...



from Google News, Yahoo! News, Wikinews, NY Times National News by search term http://ift.tt/1rvZVT5

via IFTTT