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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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Govt to use sukuk for infrastructure projects

  • The Jakarta Post

Jakarta | Thu, December 27 2012 | 11:15 am

PREMIUM The Indonesian government will issue rupiah-denominated sukuk Islamic bonds to finance state projects next year, a move welcomed by analysts as a breakthrough in the development of the country’s undersized Islamic finance sector.

The Finance Ministry plans to borrow up to Rp 1 trillion (US$103.5 million) through sukuk issuance to finance state projects next year, according to the 2013 sta...