11.04.2012 - Southeast Asian pension funds complain of Sukuk shortage
In Malaysia and Indonesia, pension funds’ plans to increase holdings of Sukuk are being stifled by a shortage of investment-grade Sukuk. Pension funds in the two majority-Muslim countries have a combined total of $192 billion in assets, and its largest pension managers, Malaysia-based Employees Provident Fund and Kumpulan Wang Persaraan (Diperbadankan), Indonesia-based PT Jaminan Sosial Tenaga Kerja (JAMSOS) are demanding more Shari’ah-compliant debt in order to diversify portfolios that must hold investment- grade securities...............................................Full Article: Source
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