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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Funds, Investment more

Fears over pensions fund’s risky sukuk investment

Posted on 18 June 2012

PAS has demanded an explanation from the government over the move to allow pensions fund, Retirement Fund (Incorporated), or KWAP, to subscribe some RM1.5 billion worth of Malaysian Airlines’ perpetual bonds, or what are known as junior sukuk.
Its Research Centre director Dr Dzulkefly Ahmad questioned how such a risky investment by KWAP could be allowed to take place using pension funds belonging to the public………………………………………..Full Article: Source

 
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