04.05.2010 - Cagamas, Al-Rajhi in sukuk alliance
From Btimes.com.my: Cagamas Bhd, the national mortgage corporation, will join hands with Al-Rajhi Banking and Investment Corp (Malaysia) to develop and issue first-of-its kind sukuk by June to woo Middle East investors. President and chief executive officer Steven Choy said there has always been an issue of global compliance in terms of Islamic principles that rendered Malaysian sukuks never really acceptable by the Middle East investors............................................Full Article: Source
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