AMBD issues 75th series of Brunei sukuk

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