UAE’s Sukuk.me reports that Islamic bonds are looking more and more attractive to shipping companies finding it tough to get bank financing due to strained liquidity and tight credit conditions. Last month, a partnership was announced between Kuwait Finance House and SFS Group to set up Global Shariah Shipping Fund, private equity fund that aims to raise $150 million. Late last year, QInvest and Fortis Bank Nederland formed the world’s first Shariah Compliant ship financing fund through a $100 million joint venture agreement.

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