CAPITAL MARKETS - Sukuk Issuance Tricky for Local Companies

JAKARTA (IFT) – Domestic companies find it difficult to issue sharia bonds or sukuk as one of their financing sources. Ignatius Girendroheru, Chief Director of Indonesia Bond Pricing Agency (IBPA), said this is a result of the complexity of deciding the proper asset in line with the sharia principle as defined by the National Sharia Board of Indonesia Muslim Clerics Assembly. (full story - indonesia finance today)
Source : http://en.indonesiafinancetoday.com/read/5779/Sukuk-Issuance-Tricky-for-Local-Companies - May 25, 2011