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What looks like a bond and acts like a bond but isn't a bond?

The Maldives is a small island nation struggling with a heavy debt load. Its borrowing includes $500 million worth of something called sukuk. These are bond-like investments that don't pay interest, to be in line with Islamic law. Today on the show,

By: NPR

  • Nov 15 2024
  • 1
  • 273 Views
What looks like a bond and acts like a bond but isn't a bond?
What looks like a bond and acts like a bond but isn't a bond?
The Maldives is a small island nation struggling with a heavy debt load. Its borrowing includes $500 million worth of something called sukuk. These are bond-like investments that don't pay interest, … [+397 chars]

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