From Dailystar.com.lb: The Palestine Monetary Authority (PMA) plans to issue Islamic bonds to banks in the first quarter of 2011 as a tool for injecting and withdrawing liquidity from the money market. PMA Governor Jihad al-Wazir said the banks would trade the bonds, or sukuk, among themselves.
“We will start bit by bit to see the needs of the market based on liquidity management,” Wazir told Reuters, but said it was too early to say which currency the bonds would be denominated in, or how much would be issued……………………………………….Full Article: Source