A report by Standard and Poor says that Islamic financing could support Indonesia to fulfill its infrastructure plans. Islamic financing would be able to bridge gaps in funding major infrastructure development projects. The same strategy was used by Malaysia. The situation in Indonesia is explained by the country's large needs to develop the infrastructure, the willingness of the government to attract private capital to fund these investments, and the increasing demand for investable assets of a growing domestic Islamic finance market.
Clifford Chance advises on largest dual-tranche global sovereign US dollar sukuk
International law firm Clifford Chance has given advice to CIMB, Citi, HSBC and Maybank as joint lead managers and joint bookrunners on the US$2 billion dual-tranche sukukal- wakala transaction for the Government of Malaysia.
The sukuk certificates have been assigned a rating of A- by Standard and Poor’s and A3 by Moody’s.