Thursday, April 25

Morocco Pushes Back Planned Local Sukuk Issue To September – Finance Minister

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Reuters
by Samia Errazzouki

Morocco has pushed back its planned local sukuk issue to September so it can be in coordination with other Islamic finance measures, Finance Minister Mohammed Boussaid told Reuters on Wednesday.

Boussaid did not comment further on the amount of the sukuk. Islamic banks and insurers are setting up in the North African kingdom after it adopted legislation allowing them into the domestic market.

(Reporting by Samia Errazzouki; writing by Patrick Markey)

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