| From Businessweek.com: Kazakhstan, central Asia’s biggest energy producer, may sell Islamic bonds for the first time as it seeks to attract overseas money to finance its budget deficit.
The government plans to become a “significant player” in the Islamic finance market by offering debt that complies with Muslim tenets as early as this year, Finance Minister Bolat Zhamishev said in the capital Astana today. Kazakhstan has drafted a bill that will allow it to sell the so-called sukuk, he said, without providing details.............................................Full Article: Source
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