Malaysia aims to raise as much 30 billion ringgit ($9.9 billion) through an Islamic bond program to fund construction of a mass railway in the Southeast Asian nation’s capital, the project’s manager said.
Dana Infra Sdn., a finance ministry company set up to fund infrastructure projects, will sell ringgit-denominated Islamic bonds, or sukuk, with maturities of as much as 65 years, Azhar Abdul Hamid, chief executive officer of Mass Rapid Transit Corp., said……………………………………….Full Article: Source