Another source (Mushtak Parker) claims there "have been a mere three or four" sukuk defaults – East Cameron sukuk in Louisiana (a dispute relating to the profit-sharing arrangement of the instrument); the Investment Dar sukuk (to do with "cash flow problems of the company and its subsidiaries, albeit it had a side dispute with an investor, Blom Bank relating to the syariah aspects of the contracts"); and the "notorious" Saad/Al Gosaibi sukuk default ("more a market failure and an internecine dispute between the two Saudi partners").
