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

Kazakhstan to enter Islamic bond market with $500mln sukuk

Posted on 11 May 2011

Kanat SaudebayevKazakhstan has reaffirmed its commitment to release a $500 million sovereign sukuk, or Islamic bond, by the end of 2011. The Kazakh-issued sukuk will be the first such one to originate from the Commonwealth of Independent States (CIS).
The global sukuk market is expected to grow by 60 percent in 2011, amounting to $22 billion, the Reuters news agency predicted in January……………………………………….Full Article: Source

 
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