02.11.2010 - Bahrain plans sales to end dearth of money-market tools: Islamic finance
From Bloomberg: Bahrain, the only country in the Persian Gulf to sell Islamic debt due in six months or less, plans to issue additional securities to help Shariah-compliant banks invest and manage their money. Regulators from Bahrain to Malaysia are trying to increase the tools available to Islamic banks as a dearth of money-market instruments forces the lenders to keep excess cash with central banks or locked into longer-dated securities..........................................Full Article: Source
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