Middle East Economic Survey
BMA To Launch $106Mn Dinar-Denominated Ijara Sukuk
The Bahrain Monetary Agency (BMA) is to issue its first Bahraini Dinar denominated Ijara sukuk (Islamic leasing bond) worth BD40mn ($106mn). The fixed rate note will have the longest ever tenor on this type of bond of 10 years. Our aim, with this issue, is to establish a yield curve benchmark for longer-term securities, commented Walid Rashdan, Executive Director of Banking...