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

S.Africa considers issuing Islamic bonds

Posted on 07 December 2011

Lungisa FuzileSouth Africa’s National Treasury is considering issuing Islamic bonds to diversify its investor base and could have its first sukuk in the market as early as the next financial year if approved.
“There is a great interest in the sukuk market and this is the first step towards meeting the growing appetite for government-backed shariah-compliant investments,” said Lungisa Fuzile, director general of the National Treasury, in a statement on Tuesday………………………………………..Full Article: Source

 
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