26.05.2010 - Cagamas woos Gulf cash with new Sukuk
From Thejakartaglobe.com: Malaysia’s national mortgage company, Cagamas, will launch an Islamic bond program worth up to $3.02 billion, using the new structure to court Gulf investors and bridge the divide on Shariah compliance between the two regions. Sukuk , or Islamic bonds, being developed with the Malaysian unit of Saudi’s Al Rajhi Bank, will be structured to enable Middle Eastern investors to trade the securities in secondary markets..............................................Full Article: Source
Print