20.04.2010 - Korea: Islamic bonds stuck in limbo
From Joongang Daily: Lee Yul-hee, the head of the Islamic finance team at Korea Investment & Securities, a local securities firm, has to fumble for the right words whenever Muslim investors ask when they will be able to buy Islamic bonds issued by Korean companies. Have the promised regulatory changes been made yet? The Korean government last year promised to ease restrictions that would pave the way for the local issuance of Islamic, or sukuk, bonds that are favored by Muslim investors because they conform to Islamic laws banning interest payments..........................................Full Article: Source
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