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

Use sukuk to pay contractors

Posted on 12 July 2010

From Nst.com.my: The Defence Ministry of Malaysia plans to use the sukuk system to pay contractors involved in upgrading 100 military camps and other facilities at the cost of RM3.5 billion under the 10th Malaysia Plan (10MP).

Its minister, Datuk Seri Ahmad Zahid Hamidi said the system would be implemented if it was approved by the Finance Ministry and the Public Private Partnership Unit of the Prime Minister’’s Department…………………………………..Full Article: Source

 
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