Indonesia, Southeast Asia’s largest economy, plans to raise $1 billion through a global Islamic bond in the second half of 2013 to help plug its budget gap, a top official told Reuters.
This would bring the contribution to its annual budget from domestic and global Islamic bonds to as much as 57 trillion rupiah ($5.9 billion), the same amount as 2012. The country, whose economy grew faster than its regional peers at 6.3 percent last year, will also seek funds to kick-start $54.4 billion worth of infrastructure projects this year………………………………………..Full Article: Source