05.10.2012 - Short term sukuks and the principle of ‘’Al-Ijarah’’
The International Islamic Liquidity Management Corporation which has its headquarters in Kuala Lumpur but supported massively by banks in Asia and the Middle East will be issuing its first sukuk within a few months with an Islamic principle called al-Ijarah attached to it. The bank is hoping to issue short term sukuks in order to come to the aid of sharia-compliant banks to manage liquidity and create a liquid cross-border market for Islamic instruments. The sukuk will range from $300 million to $500 million...............................................Full Article: Source
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