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

Indonesia: Govt plans to introduce Sukuk, Shariah T-bills

Posted on 22 February 2011

From Thejakartapost.com: The Finance Ministry’s debt management office plans to introduce new sharia-compliant debt instruments, an official says. Those instruments include Islamic bonds (sukuk) designated for infrastructure projects and sharia short-term Treasury bills.
Director of sharia financing policy at the Finance Ministry’s debt management office, Dahlan Siamat, said Monday that the ministry is still assessing two possibilities for the sukuk project. In one scenario proceeds from the sukuk issuance would be used to fund planned infrastructure projects in the state budget. In the second the money would go towards underlying projects……………………………………….Full Article: Source

 
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