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

Sudan launches Sukuk sale, offers 20 pct return

Posted on 04 January 2012

Sudan, which is fighting a severe economic crisis, has launched a sale of Islamic bonds offering an annual return of 20 percent to raise funds for the government, according to its debt agency.
Sudan will offer the Islamic bonds, locally known as shahamas, until January 25, the state-owned Sudan Financial Services Co, which sells sukuk on behalf of the central bank, said in an advertisement published in the local press………………………………………..Full Article: Source

 
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