IslamicFinance.de

Luxembourg will start meeting investors in the next two months to drum up support for a debut sale of shariah compliant bonds. The country, which has an AAA credit rating at Moody’s Investors Service, Standard & Poor’s and Fitch Ratings, is planning to become the second non-Muslim nation to issue a sovereign Islamic bond after the U.K. raised 200 million pounds ($335 million) in June. Ministry of Finance officials will meet investors in Europe, the Middle East, and Asia from the end of September to promote the proposed sale. The ministry is planning to use three government buildings as assets in the deal.