Monday 04, December 2017 by Jessica Combes

Moody's: the Dana Gas court case


Key takeaways from the Dana Gas court case Dana Gas (unrated), a natural gas company based in the United Arab Emirates (UAE), announced in June 2017 that it had received legal advice that its Sukuk Al Mudarabah, issued in 2007, and restructured in 2013, is not Shari'ah compliant and is therefore unlawful under UAE law.

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