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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves, New Launches more

Indonesia plans Sukuk backed by roads, rail

Posted on 14 January 2011

From Bloomberg: Indonesia plans to increase the type of assets that can be used to pay returns on Islamic bonds to road and rail projects in a bid to support its $140 billion development program.
The government is seeking approval from the country’s Shariah board to use future fees from transport facilities to be constructed over the next three years as the underlying asset for sukuk, Rahmat Waluyanto, director general of the finance ministry’s Debt Management Office, said………………………………………Full Article: Source

 
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