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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Funds, Investment more

Cagamas Sukuk opening Dubai funds for Malaysia

Posted on 23 July 2010

From Bloomberg: Duet Mena Ltd. and Algebra Capital Ltd., Dubai-based managers of $500 million, said they may buy Islamic bonds from Malaysia’s Cagamas Bhd., the first under a new structure that complies with the Persian Gulf’s stricter religious laws.
Cagamas, the nation’s biggest mortgage holder, plans to seek funds in the oil-rich region by offering 5 billion ringgit ($1.5 billion) of notes that meet the guidelines of the Bahrain- based Accounting & Auditing Organization for Islamic Financial Institutions……………………………………….Full Article: Source

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