Indonesia Plans to Issue Maiden Islamic Treasury Bills - Indonesia plans to issue its maiden Islamic treasury bills Aug. 2, a senior official at the finance ministry said Monday, as part of its efforts to diversify its Islamic bond instruments.
Dahlan Siamat, a director in charge of Islamic finance at the finance ministry, said in a seminar that Indonesia would issue six-month bills next month. He didn't say how much the country plans to raise.
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Indonesia, which has the biggest Muslim population in the world, has lagged behind neighbors such as Malaysia and Singapore in developing its Islamic finance industry. ( dow jones )
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