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Dubai’s Hawkamah Says It May Issue Sukuk Template This Year

08/06/2011 11:23:09 AM GMT   Comments ()     Add a comment   Print     E-mail to friend

Hawkamah Institute for Corporate Governance will issue a template for sukuk ijarah, to cut the cost of issuing the debt and strengthen the Islamic finance business, according to Nasser Saidi, the executive director.

The Dubai-based institute, which is working with the Bahrain-based International Islamic Financial Market, or IIFM, expects to release the document this year, Saidi told reporters in Dubai today. Hawkamah plans more Islamic bond templates after that, he said. Most sukuk are based on ijarah, a sale and lease agreement, as in real estate.


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Source: AJP

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