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

Bahrain plans sales to end dearth of money-market tools: Islamic finance

Posted on 02 November 2010

From Bloomberg: Bahrain, the only country in the Persian Gulf to sell Islamic debt due in six months or less, plans to issue additional securities to help Shariah-compliant banks invest and manage their money.

Regulators from Bahrain to Malaysia are trying to increase the tools available to Islamic banks as a dearth of money-market instruments forces the lenders to keep excess cash with central banks or locked into longer-dated securities……………………………………Full Article: Source

 
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