In a move that could position SA at the forefront of the global Islamic Sharia law-compliant sukuk (bond) market, national treasury has called on banks to submit proposals for the issue by government of a sukuk.
“A sukuk would create a benchmark for other emerging markets and corporates,” says treasury spokesman Bulelwa Boqwana. The nature of the possible sukuk has yet to be clarified and banks involved in the tendering process are not permitted to divulge any information………………………………………..Full Article: Source