Why is the ea sukuk a game changer

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Reference no: EM132970083

In 2012, Emirates Airlines (EA) repaid a $550 million sukuk bond used to finance plane purchases in 2005. In 2014, EA needed to raise another $5 billion in order to pay for its existing aircraft orders. EA was also exposed to fluctuations on jet fuel costs and currency exchange, and debt obligation, etc.

Question:

1) What did Sukuk offered to EA and was it worthwhile?

2) Why is the EA Sukuk a game changer?

3) What can Islamic Finance learned from EA?

4) Should EA repeat the sukuk issue or leaned towards conventional financing arrangement?

Reference no: EM132970083

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