Reuters, 19 Jan 2009, Saeed Azhar
SINGAPORE, Jan 19 (Reuters) - Singapore launched its first islamic bond programme, worth a total of S$200 million ($134 million), to promote Islamic finance in Southeast Asia's financial capital.
The bonds, also known as sukuk, are backed by the sale and lease-back of real estate assets, or Al-Ijarah structured, and will be treated at par with government securities.
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