Islamic finance body IILM sells debut $490 million sukuk
By Trent Hamm ,Guest blogger / August 21, 2013 A woman takes a deposit box out of a compartment in the safe room of an Austrian bank in Vienna. Heinz-Peter Bader/Reuters/File Enlarge When Im writing articles for The Simple Dollar, Im always scouring my life forpositivepersonal finance stories to share. What things have I done that haveworkedfor me? What principles have I seen show up time and time again in my life? How do I keep myself positively motivated?
Sukuk are backed by assets which generate returns for investors. The IILM previously said its sukuk would be backed by sovereign assets from member countries, but it has not revealed more information about them. The issue was delayed several times over the past two years by technical obstacles and friction among IILM members. Because of the sukuk’s multinational structure, multiple boards of Islamic scholars needed to rule on its religious permissibility. The IILM replaced its chief executive in October last year, and this year reshuffled its sharia board, losing four of its original six members including senior Saudi and Qatari scholars.
Consumer Finance Company Announces Open House Event in the Chattanooga Area
E-mail Address Send to a Friend Chattanooga, TN (PRWEB) August 26, 2013 TMX Finance invites individuals looking for a fast-paced career with a growing company to attend their upcoming open house event. The Open Interview Day is taking place, Wednesday, August 28, 2013 from 6:00 p.m. a 8:00 p.m. in Chattanooga, TN. TMX Finance is searching for General Managers to help grow its consumer finance business in the greater Chattanooga, TN area.