Persian Gulf borrowers are raising funds for expansion and taking advantage of demand in Malaysia, the world’s biggest market for Shariah-compliant bonds. The borrowers are ringgit-denominated Islamic bonds very rapidly. Abdulrahman Al Saleh, the director general of the emirate’s Department of Finance, said that Dubai’s government is “likely” to sell bonds next year and it… Continue Reading
Tag Archives: sukuk
Palestinians Woo Banks With Islamic Finance: First Sukuk Bills
In an attempt to develop a Shariah-compliant finance industry, the Palestinian Central Bank is enticing local banks to its first issuing of Islamic bills. The largest Shariah-compliant bank in the territories, the Palestine Islamic Bank, will submit a bid of up to $10 million, which the Arab Islamic Bank said it would probably participate in.… Continue Reading