Palestine announces bond by end of quarter

Palestine announces bond by end of quarterPalestine has announced that they will proceed with issuing a sukuk (Islamic-style bond) by the end of this quarter.  The Palestinian Monetary Authority plans to raise upwards of $50 million from the bond.  Investments in Palestine are low due to its precarious political situation, and public debt stands at about $970 million.

The bond will be based on the idea of ijara, or transfer of assets.  Authorities hope to stabilize the $7.5 billion Palestinian economy, which has been growing at about 11.5% over the past year.  The new bond measure will help to securitize the debt burden and spur economic expansion.

 



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Palestine has announced that they will proceed with issuing a sukuk (Islamic-style bond) by the end of this quarter.  The Palestinian Monetary Authority plans to raise upwards of $50 million from the bond.  Investments in Palestine are low due to its precarious political situation, and public debt stands at about $970 million. The bond will be based on the idea of ijara, or transfer of assets.  Authorities hope to stabilize the $7.5 billion Palestinian economy, which has been growing at about 11.5% over the past year.  The new bond measure will help to securitize the debt burden and spur economic...

Palestine announces bond by end of quarterPalestine has announced that they will proceed with issuing a sukuk (Islamic-style bond) by the end of this quarter.  The Palestinian Monetary Authority plans to raise upwards of $50 million from the bond.  Investments in Palestine are low due to its precarious political situation, and public debt stands at about $970 million.

The bond will be based on the idea of ijara, or transfer of assets.  Authorities hope to stabilize the $7.5 billion Palestinian economy, which has been growing at about 11.5% over the past year.  The new bond measure will help to securitize the debt burden and spur economic expansion.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

 

 

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