14.01.2013 - Phillipines: Islamic bonds pushed for local market
The issuance of Islamic bonds is currently being pushed by the Securities and Exchange Commission (SEC), which will help the local market slowly achieve international standard. Islamic bonds are a tradable Shariah-compliant capital market products providing medium to long-term fixed or variable rates of return. SEC Commissioner Juanita Cueto told reporters in a briefing that they are very eager to push Islamic bonds. “We are studying it now, the Islamic bonds, which have been very popular in Malaysia and we are already studying the mechanics for that,” she said...............................................Full Article: Source
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