INDONESIA - CAPITAL MARKETS - Parliament: Keep Following Sukuk Shariah NES Project

REPUBLIKA.CO.ID, JAKARTA - State Issuance of Treasury Bills (SPN) Islamic sukuk issuance should immediately follow the project. According to a member of Commission XI DPR RI, Kemal Aziz Stamboel, publishing NES Sharia should not make the government forget the other priorities like one of these types of Islamic bonds.

"With our infrastructure development plan that much, then the project should be prepared sukuk seriously. We always complain about the lack of infrastructure financing sources, while the sukuk market potential of this huge project,''he said. (source)

INDONESIA - CAPITAL MARKETS - Indonesia Plans to Issue Maiden Islamic Treasury Bills

JAKARTA, KOMPAS.com - Indonesia plans to issue its maiden Islamic treasury bills Aug. 2, a senior official at the finance ministry said Monday, as part of its efforts to diversify its Islamic bond instruments.

Dahlan Siamat, a director in charge of Islamic finance at the finance ministry, said in a seminar that Indonesia would issue six-month bills next month. He didn't say how much the country plans to raise.

Indonesia, which has the biggest Muslim population in the world, has lagged behind neighbors such as Malaysia and Singapore in developing its Islamic finance industry. (source)