The Indonesian government has issued Rp 120 trillion ($12.84 billion) in Islamic bonds, better known as sukuk, over the past four years, which the Finance Ministry attributes to an “excessive” demand among Muslim investors.
The ministry’s director for Shariah financing, Dahlan Siamat, said the government issued its first sukuk in 2008, and as of Thursday had issued a total of Rp 120 trillion in sukuk bonds………………………………………..Full Article: Source