From Brudirect.com: The Brunei Darussalam government must start issuing longer term sukuk or Islamic bonds to take the next step in developing its Islamic capital market, bankers and investment managers said yesterday.

In a market regarded as still in its infancy stage, the government plays a key role in encouraging private business to issue sukuk as a way of raising capital. Its own sukuk issuance in effect sets the rates at which other issuers will sell their syariah-compliant bonds…. Full Article: Source