Arab Today, arab today indonesia aims to raise 1 trl rupiah in islamic bond sale
Last Updated : GMT 18:20:21
Arab Today, arab today
Arab Today, arab today

Indonesia aims to raise 1 trl rupiah in Islamic bond sale

Arab Today, arab today

Arab Today, arab today Indonesia aims to raise 1 trl rupiah in Islamic bond sale

Jakarta - XINHUA

Indonesian finance ministry plans to raise 1 trillion rupiah (some 109.9 million U.S.dollars) in Islamic bond auction on March 27, in an effort to develop market for the Islamic instrument, the ministry said in a statement here Thursday. The proceeds would be used to help plug the country's budget deficit this year. Sales of Indonesia's Islamic bond on March 14 was oversubscribed with the amount of funds raised exceeding target with the number of bid received reaching 5.284 trillion rupiah ( some 576.54 million dollars) and the number of approval at 1.66 trillion rupiah (about 181.11 million dollars), higher than the initial target of 1 trillion rupiah (equal with 109.10 million dollars). The world biggest Muslim country is developing market for the Islamic instrument known as Sukuk which has huge market potential. Indonesia Islamic instrument market penetration has lagged behind neighboring Malaysia or Singapore whose Muslim population are less than Indonesia. The government proposed in the state budget to raise net bond sales by 25 trillion to 159.6 trillion rupiah (about 17.4 billion dollars) this year. The amount was higher than the original estimate of 134.6 trillion rupiah. Indonesia, a net oil importer country and provides huge fuel subsidy, aims to raise oil price by a third on April 1 to ease the risks of soaring global oil price.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today indonesia aims to raise 1 trl rupiah in islamic bond sale Arab Today, arab today indonesia aims to raise 1 trl rupiah in islamic bond sale

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today indonesia aims to raise 1 trl rupiah in islamic bond sale Arab Today, arab today indonesia aims to raise 1 trl rupiah in islamic bond sale

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday