Tuesday, February 10, 2009

Islamic bonds to help Indonesia fund crisis spending


AFP:Indonesia launched its first retail Islamic bond this month hoping to catch up with its neighbours in the Islamic finance business and help fund a six-billion-dollar economic stimulus package.

It may be the world's most populous Muslim country and Southeast Asia's largest economy but Indonesia has been slow to capitalise on strong demand for Islamic bonds, or sukuk, which follow principles of Islamic sharia law...Continue Reading

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