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

Cagamas woos Gulf cash with new Sukuk

Posted on 26 May 2010

From Thejakartaglobe.com: Malaysia’s national mortgage company, Cagamas, will launch an Islamic bond program worth up to $3.02 billion, using the new structure to court Gulf investors and bridge the divide on Shariah compliance between the two regions.
Sukuk , or Islamic bonds, being developed with the Malaysian unit of Saudi’s Al Rajhi Bank, will be structured to enable Middle Eastern investors to trade the securities in secondary markets……………………………………….Full Article: Source

 
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