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

South African government invites Sukuk proposals

Posted on 09 December 2011

The National Treasury has invited banking institutions to submit proposals for the provision of advisory services for the structuring and issuance of a government Sukuk in the local and international markets.
The invitation is in line with the South African National Treasury’s intention to diversify its funding and investor base. “There is a great interest in the SUKUK market and this is the first step towards meeting the growing appetite for government backed Shari’ah-compliant investments” said Lungisa Fuzile, Director General of the National Treasury………………………………………..Full Article: Source

 
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