THE Autoriti Monetari Brunei Darussalam (AMBD) yesterday announced the successful pricing of its 75th issuance of sukuk, worth $100 million at a rental rate of 0.20 per cent.
As the government's managing and administering agent for the Sukuk Al-Ijarah issuances, the AMBD said the latest issuance was made on June 28, 2012, with a 91-day maturity period ending September 27, 2012. "With this issuance, the Brunei Government has thus issued over B$4.351 billion worth of short-term Sukuk Al-Ijarah securities since the maiden offering on 6th April 2006," the AMBD said. Islamic bonds do not pay interest, which is banned as usury under Islamic law. The Brunei Times
Wednesday, July 4, 2012
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