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MAS to launch Islamic bond facility early 2009

Posted on 25 November 2008

From Asiaone.com: The Monetary Authority of Singapore (MAS) is in the final stages of setting up a sukuk (Islamic fixed-income securities) issuance facility to provide Shariah compliant regulatory assets to financial institutions as part of their efforts to promote the growth of Islamic finance in Singapore.

Speaking at the 15th World Islamic Banking Conference in Bahrain today, Heng Swee Keat, Managing Director of MAS said that the sukuk structure is based broadly on the Al-Ijarah structure, or the buying and leasing of an underlying property….. Full Article: Source

 
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