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Ijara Sukuk: hitting two birds with one stone

Posted on 07 November 2011

In a statement about extra expenditure of the Kingdom’s budget, Finance Minister Ibrahim Al-Assaf said Saudi Arabia will not use its funds reserves. However, these expenditures can be financed through the issuance of sukuk.
He used the expansion of King Abdul Aziz Airport as an example for projects that can be financed using sukuk. The use of this financial instrument is a necessity at the current time………………………………………..Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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