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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Compliance, Tax, Legal, Regulatory more

Kazakhstan to pass law to allow company Sukuk sales

Posted on 18 January 2011

From Bloomberg: Kazakhstan’s government expects to pass legislation within the next two months that would enable companies to sell Islamic bonds, said Deputy Prime Minister Aset Issekeshev.
The first corporate sukuk may be sold in dollars globally, Issekeshev told reporters at a conference in Abu Dhabi today. The country has delayed plans to offer sovereign Islamic debt because the government doesn’t need the funds, he said……………………………………….Full Article: Source

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