Bernama.com, 24 Nov 2008
SINGAPORE, Nov 24 (Bernama) - Singapore is in the final stages of setting up a sukuk issuance facility to provide Syariah-compliant regulatory assets to financial institutions as part of its efforts to promote the growth of Islamic finance in the city-state.
The Monetary Authority of Singapore (MAS) said that a number of financial institutions had already expressed interest and the first issue was expected to take place at the start of next year.
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