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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

Kingdom Installment Company redeems its 2006 Sukuk

Posted on 02 July 2009

From Zawya.com: In a time where countless companies are preoccupied with rescheduling of their debts, Kingdom Installment Company, based in Riyadh, Kingdom of Saudi Arabia, surprised the international capital markets by redeeming its maiden Sukuk issued in 2006.
The Sukuk was structured in line with the provisions of the Islamic Shari’ah and issued with the purpose of leveraging the company’s financing capabilities to provide home-buyers within the Kingdom with funds to purchase their homes in return for affordable monthly installments………Full Article: Source

 
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