Thai Islamic Bank head: Thai government may issue sukuk in 2011 after law change

thai-money

The Thai government will have the regulatory framework ready for the issuance of sovereign sukuk as early as next year, according to the head of the Islamic Bank of Thailand.

Thailand's Securities and Exchange Commission (SEC) is scheduled to approve new guidelines on December 19 that will see the removal of government land sales taxes, which until now have been incurred in sukuk structures. These taxes have made sharia-compliant debt instruments more expensive for issuers than conventional bond

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: