02.11.2012 - Sri Lanka’s Dialog plans to establish a Sukuk Programme
Sri Lanka’s Dialog Axiata’s Board of Directors has approved the proposed establishment of a Malaysian Ringgit denominated Islamic Medium Term Note Programme, under the Shariah principle of Murabahah. The value of the proposed move is Ringgit Malaysia Rs. 1.2 billion in nominal value with a tenure of 15 years in Malaysia. Pursuant to the above, the company may, under the Sukuk programme issue Sukuk Murabahah from time to time involving selected Shariah compliant commodities...............................................Full Article: Source
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