06 June 2012
SINGAPORE: Kuwait Finance House (Malaysia), a unit of Kuwait's biggest Islamic bank, said it's working on a three billion ringgit ($940 million) government-guaranteed Islamic bond sale with two Malaysian banks.
The sukuk, which pay asset returns to comply with Islam's ban on interest, will be offered by the end of June, said Jamelah Jamaluddin, chief executive officer of Kuwait Finance House's Malaysian unit.
SINGAPORE: Kuwait Finance House (Malaysia), a unit of Kuwait's biggest Islamic bank, said it's working on a three billion ringgit ($940 million) government-guaranteed Islamic bond sale with two Malaysian banks.
The sukuk, which pay asset returns to comply with Islam's ban on interest, will be offered by the end of June, said Jamelah Jamaluddin, chief executive officer of Kuwait Finance House's Malaysian unit.
© Times of Oman 2012
