05.02.2013 - Sukuks integrated into pension system
With the government seeking to increase citizensí involvement in the personal pension system by contributing 25 percent themselves, communities that prefer non-interest systems have been taken into consideration. Some 75 percent of the pension fund provided by the state can be invested in debt instruments issued by the Treasury, revenue sharing certificates, or sukuks. The remaining 25 percent can be managed in investment instruments such as government bonds, treasury bonds, as well as sukuks, according to the new pension system that has been in effect since Jan. 1..........................................Full Article: Source
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