Islamic first for SingaporeÆs bond market

For the first time, bonds structured under Islamic concepts have been sold in Singapore.
June 18, 2001
In a further sign of the growing diversity of Singapore’s bond market, UOB Asia has brought the first Islamic bonds to market. An S$25 million issue for the Islamic Religious Council of Singapore (Muis) is the first time that bonds structured under Islamic concepts have been sold or structured in the city-state.

While the issue size is small, it certainly brings a new dimension to the market and is an interesting departure for the Singaporean financial world.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media