Jakarta, (16/8). Based on investor demand, (Absindo) will issue its first sukuk. The chairman of Absindo, Aries Mufti confirmed that ABSINDO will issue sukuk with purpose to strengthen the working capital and networking of BMT which has been connected with Absindo.
“We perceived that sukuk is an effective instrument to raise funds in developing BMT: said Aries.
Why not developing venture capital instead? Aries Mufti strongly suggest that venture capital is a good concept which has been done by Absindo by setting up Apex syariah, and this concept is very effective for further Islamic finance development as it has been developed by BMT Centre and PT Permodalan Nasional Madani (PNM).
For sukuk, Aries Mufti said it is difference as sukuk demand is not just from local investor, but also came from foreign investors, in the future BMT will be able to provide financing in large scale in assisting the development of production sector.
“This is the reason why Absindo will issue the sukuk which could be implemented before the end of this year,” exclaimed Aries.[gus/nibra]
Source : http://www.pkesinteraktif.com/english/capital-market/1781-absindo-will-issue-its-first-sukuk.html - Aug 16, 2010
CAPITAL MARKETS - SUKUK - Absindo will issue its first Sukuk - somewhat older news that I tracked down - just from the start up of the blog - for your information
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