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

Kazakhstan seeking to diversify fund sources post-crisis, Sovereign sukuk issue will be key step

Posted on 24 August 2010

From Reuters: Seeking to diversify its financial industry after a banking crisis, oil-rich Kazakhstan is drawing on Arab and Malaysian investment in an effort to build an Islamic finance industry among its 13 million Muslims.

Its success may depend on the fate of pioneer investors and the commitment of its secular government to clear the way for a long-awaited sovereign issue of sukuk, or Islamic bonds, which could prompt other issuers to follow…………………………………….Full Article: Source

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