09.12.2011 - South African government invites Sukuk proposals
The National Treasury has invited banking institutions to submit proposals for the provision of advisory services for the structuring and issuance of a government Sukuk in the local and international markets. The invitation is in line with the South African National Treasury’s intention to diversify its funding and investor base. “There is a great interest in the SUKUK market and this is the first step towards meeting the growing appetite for government backed Shari’ah-compliant investments” said Lungisa Fuzile, Director General of the National Treasury...............................................Full Article: Source
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