21.07.2009 - Malaysia c.bank says to sell $141 mln sukuk
From Forbes: Malaysia's central bank said on Monday it will issue 500 million ringgit ($141 million) of three-month murabaha bills on July 28. Under a murabaha deal, an Islamic bank buys an asset from a third party and sells it to its customer at cost plus profit. This allows the bank to extend financing without charging interest, which is forbidden by Islamic law.......Full Article: Source
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