MIDCITI RESOURCES SDN Bhd.

Tenaga Nasional, Midciti, Indonesia, Saudi: Islamic Bond Alert

Wed, 2011-09-21 20:06 — newsdesk

TENAGA NASIONAL BHD. (TNB), MIDCITI RESOURCES SDN Bhd., Indonesia, SAUDI ARAMCO TOTAL REFINING & PETROCHEMICAL CO., PALESTINE MONETARY AUTHORITY, AL HILAL BANK, KUALA LUMPUR KEPONG BHD. (KLK) , EMERY OLEOCHEMICALS GROUP, PT BANK MUAMALAT INDONESIA, PT BANK SYARIAH BRI, TOURISM DEVELOPMENT & INVESTMENT CO. and many others are expected to sell Islamic bonds, which consume asset returns to pay investors to accede with the religion’s ban on interest.

Source:

http://www.bloomberg.com/news/2011-09-20/tenaga-nasional-midciti-indones...

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