Friday, November 04, 2011

INDONESIA - LIQUIDITY MANAGEMENT - Council OK's Islamic Commodities as Money Market Instruments

JAKARTA (IFT) – Bank Indonesia has obtained an approval from National Shariah Council – Indonesian Council of Ulema (DSN-MUI) to use Islamic commodities as one of the instruments for Islamic Interbank Money Market (PUAS). Currently, Bank Indonesia is preparing the regulation concerning the use of Islamic commodities as an instrument for PUAS. (source)
Source : http://en.indonesiafinancetoday.com/read/13041/Council-OKs-Islamic-Commodities-as-Money-Market-Instruments  - Nov 4, 2011

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