VOL. XLVI

No 38

22-September-2003

BAHRAIN

CAPITAL MARKETS

BMA Considers Expansion Of Successful Ijara Sukuk Program

The Bahrain Monetary Agency (BMA) is considering expansion of its successful ijara sukuk (leasing bonds) program by offering the bonds on the international markets. So far the issues have been targeted at the domestic market, where most of the buyers have been local and regional Islamic and commercial banks operating out of Bahrain who offer the bonds to local investors. The BMA...