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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Emerging Trends more

Indonesia’s Bank Muamalat eyes dollar sukuk in 2011

Posted on 16 April 2010

From Reuters: Indonesia’s major Islamic lender PT Bank Muamalat is studying the possibility of issuing a dollar-denominated sukuk next year to help expand its lending, company director Farouk Abdullah AlWyni said on Thursday.

He also said the country’s first full-fledged sharia bank, which is partly owned by Islamic Development Bank, has postponed its planned 1 trillion rupiah ($111 million) rights issue to June after foreign investors expressed interest in buying a stake in the bank. The rights issue had been planned for May…………………..Full Article: Source

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