06.02.2013 - Australian solar consortium plans offshore sukuk
SGI-Mitabu, a consortium of two Brisbane solar companies, will finance its entire Indonesian solar power project using sharia-compliant financing, starting in July with an offshore-domiciled sukuk, or Islamic bond, a senior executive said. The deal is set to be Australia's first issuance of sukuk, a market that expects global demand to reach $421 billion by 2016 from $240 billion in 2012, according to a Thomson Reuters report...............................................Full Article: Source
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