FEB. 26 2016 (The Conway Bulletin) – Perhaps following Kazakhstan’s lead, Kyrgyz parliamentarians are going to discuss the potential to issue a so-called sukuk, media reported. A sukuk is a debt which adheres to Islamic laws and principles. One of the advantages is that a sukuk may attract a greater range of potential investors from the Middle East and South-East Asia. The Kyrgyz parliament still has to discuss new laws aimed at easing a route to issuing a sukuk.
ENDS
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(News report from Issue No. 270, published on March 4 2016)