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Govt to place Haj funds in dollar sukuk

Published: 23/11/2013 05:25:02 AM GMT
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The government is considering placing haj funds in US dollar-denominated government sukuk (sharia bonds) to safeguard pilgrims' money against the risk of currency mismatch, as well as to boost the development of the country's Islamic financing. (more)

The government is considering placing haj funds in US dollar-denominated government sukuk (sharia bonds) to safeguard pilgrims' money against the risk of currency mismatch, as well as to boost the development of the country's Islamic financing.

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