05.05.2010 - Kenya: CBK targets Gulf cash with Sharia compliant bonds

From Allafrica.com: The Central Bank is working on a framework that will eventually lead to the flotation of sharia - compliant bonds and treasury bills in the local money market. The move to entrench Sukuk bonds and bills in the law is seen as a push by CBK to tap the increasing amount of cash flowing into Africa from the Gulf region............................................Full Article: Source

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