13.05.2011 - Pakistan sells record sukuk

Pakistan's 13-fold increase in Islamic bond sales will help fund the country's budget deficit as US lawmakers debate whether to suspend aid on suspicion its military harboured Osama Bin Laden. The world's second-most populous Muslim country will take advantage of last year's 30 per cent growth in local Islamic banking assets to sell sukuk, Saleem Ullah, the central bank's director of Sharia finance, said in an interview May 6.............................................Full Article: Source

Print