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Kenya: CBK targets Gulf cash with Sharia compliant bonds

Posted on 05 May 2010

From Allafrica.com: The Central Bank is working on a framework that will eventually lead to the flotation of sharia - compliant bonds and treasury bills in the local money market.
The move to entrench Sukuk bonds and bills in the law is seen as a push by CBK to tap the increasing amount of cash flowing into Africa from the Gulf region……………………………………..Full Article: Source

 
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