Dubai - Mubasher: A British court has ordered Dana Gas to pay dividends into an English bank account where the funds must be held until a dispute over its $700 million Islamic bond is resolved, as reported by Reuters.

Last year, the company halted payments on $700 million of Islamic bonds it said had become unlawful because of changes in Islamic finance.

Meanwhile, holders of the sukuk contest its position and are demanding to be paid by Dana, which declined to comment on the ruling.