| PT Bank Muamalat, one of Indonesia's major sharia banks, plans to offer Islamic bonds worth between US$50 million and $100 million to global investors this year.
The bank’s president director, Arviyan Arifin, said in Jakarta on Monday that the sukuk bonds would be offered to investors in the Middle East. He said that the bank would open a branch in Jeddah, Saudi Arabia, to support the plan. “We will issue the sukuk this year as soon as we open a branch office in Jeddah,” he said..............................................Full Article: Source
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