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Germany's FWU issues rare asset-backed sukuk

Published: 07/10/2013 01:25:02 PM GMT
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Mon Oct 7, 2013 7:31am EDT. Oct 7 (Reuters) - FWU Group, a Munich-based financial services company, has issued a $20 million five-year Islamic bond backed by insurance policies, a small but rare example of an asset-backed sukuk from a European firm. (more)

Mon Oct 7, 2013 7:31am EDT. Oct 7 (Reuters) - FWU Group, a Munich-based financial services company, has issued a $20 million five-year Islamic bond backed by insurance policies, a small but rare example of an asset-backed sukuk from a European firm.

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