Philippines plans to issue first sukuk by end of the year

Philippines plans to issue first sukuk by end of the year

Philippines plans to issue first sukuk by end of the yearWORLDMiddle EastAfricaIndian Sub-continentChina and Asia Pacific UK and EuropeAmericasRussiaECONOMYGlobalGCCAfricaLevantNorth AfricaISLAMIC ECONOMYIslamic FinanceIslamic BusinessIslamic Finance ReportsIslamic Finance GlossaryBUSINESSAviationBanking & InsuranceCareersEducationEnergyFintechHealthcareHospitalityManufacturingReal EstateRetail & ConsumerTechnology and TelecomTransport and LogisticsTravel and TourismSMEsFinance MarketingTechnologyLegalPeopleMARKETSCommoditiesCurrenciesEquitiesFixed IncomeWEALTHAlternative InvestmentsFundsWealth ManagementSustainabilityLEGALCrime and SecurityImmigrationPolicy RegulationsLIFECultureEntertainmentFoodHealthLeisure & TravelSportsOPINIONBusiness InsightsPROJECTSBRIConstructionIndustryMiningOil & GasUtilitiesSPECIAL COVERAGERamadan and Eid 2023COP 28: Talking Climate in UAEUAE Realty MarketThe Future of CryptosFocus: Global Wealth FundsRussia-Ukraine CrisisMULTIMEDIAGalleriesVideosPRESS RELEASE Companies NewsGovernment NewsPeople in the NewsResearch & StudiesEvents and ConferencesAfrica Press ReleasesAsia Press ReleasesHome page>MARKETS>Fixed Income>Philippines plans to iss...PHOTOThe Philippines government planning to issue an Islamic bond or sukuk by the end of the year or Q1 2024, according to Rosalia de Leon, Treasurer of the PhilippinesThe sukuk is to carry a five-year or a ten-year maturity. This would mark the Philippines’ debut in the Islamic bond market.The government is consulting underwriters for the details of the issuance, including its structure, which may be a hybrid Wakalah, Ijara or Murabaha, de Leon told reporters during the 2023 Philippine Economic Briefing in Dubai.(Writing by Seban Scaria [email protected]; editing by Daniel Luiz)Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value