From Bloomberg: The state-run Islamic Bank of Thailand will delay the nation’s first sale of sukuk until early next year as it awaits new guidelines from the securities commission, President Dheerasak Suwannayos said.
The bank also plans to start a 1.5 billion baht ($50.2 million) property fund that complies with Shariah law, Dheerasak, who is also a member of the government’s steering committee working on the guidelines, said in an interview from Kuala Lumpur. The lender has hired CIMB Group Holdings Bhd. for the sukuk issuance, he said……………………………………….Full Article: Source