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

Malaysia market able to absorb railway Sukuk, Badlisyah says

Posted on 04 April 2011

Badlisyah Abdul Ghani, chief executive officer of CIMB Islamic Bank Bhd., a unit of Malaysia’s second-largest lender, comments on the government’s plan to raise funds for a 48 billion ringgit ($16 billion) railway project in Kuala Lumpur.
The government may sell ringgit-denominated Islamic bonds to help finance construction of a mass railway system in Kuala Lumpur, Prime Minister Najib Razak said on March 29. The project will be the country’s single biggest infrastructure development, said Najib……………………………………….Full Article: Source

 
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