Luxembourg : Sovereign Sukuk setbacks – Bishr Shiblaq

The increasing number of recent sovereign and corporate Sukuk issuances in the Islamic world has not remained unnoticed in Europe. Both the UK and Luxembourg have announced the issuance of sovereign Sukuk in a move to boost their Islamic finance credentials and to welcome further investments from the Islamic world. Bishr Shiblaq explores, in the last issue of the islamic finance news magazine, the status of the Luxembourg bid.