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

Islamic finance body plans bond after Saudi pullout

Posted on 08 April 2013

The International Islamic Liquidity Management Corp (IILM), a body backed by central banks from the Middle East and Asia, announced plans to issue its first Islamic bonds after an unexpected pull-out by Saudi Arabia from the body.
The IILM aims to issue up to $500m of sukuk in the second quarter of this year, helping to create a liquid cross-border market for Islamic debt - a major step in developing the rapidly growing Islamic finance industry………………………………………..Full Article: Source

 
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