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

Yemen plans $232mln Islamic bonds in April

Posted on 21 March 2012

Yemen, the Arab world’s poorest country, plans to sell 50 billion rials ($232 million) of Islamic bonds early April to finance government projects, central bank Governor Mohamed Awad Bin Humam said.
The Central Bank plans to target Islamic lenders in the country, and may offer a profit rate of “little less” than 20 per cent, Bin Humam said from the capital Sana’a. Islamic bonds pay profit rates to adhere to the religion’s ban on interest………………………………………..Full Article: Source

 
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