17.05.2010 - Al-Rajhi, Cagamas to issue 'first-of-its kind' sukuk
From Arabnews.com: The sukuk, which will be launched in June 2010 by Cagamas and Al-Rajhi Bank Malaysia Berhad, will be aimed at investors from the Gulf Cooperation Council (GCC) countries, the European Union, North America, Malaysia, Singapore, Brunei and East Asia. Al-Rajhi Bank (Malaysia) received an IIB (International Islamic Banking) license from Bank Negara Malaysia, the central bank, in 2009 to establish Al-Rajhi Bank KSA, a branch of Al-Rajhi Bank in Saudi Arabia, which will operate as an offshore investment bank in the Malaysia International Islamic Financial Centre (MIFC)..............................................Full Article: Source
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