IslamicFinance.de

The Islamic Bank of Thailand is awaiting clarification from government regulators on tax breaks for Shariah-compliant bonds before advancing with the country’s first sale of baht-denominated sukuk.
Thailand’s only Islamic bank originally calculated to sell 5 billion baht ($161 million) of sukuk, which pay returns on assets to follow the Islam’s ban on interest, in the third quarter.
Furthermore, the lender plans to sell $150 million of sukuk in the Southeast Asian nation’s first global offering once the baht issue has been closed.