INDONESIA - CAPITAL MARKETS - Demand for Local Sukuk ‘Excessive’ With More Likely Ahead, Official Says

www.thejakartaglobe.com -Surabaya. The government has issued Rp
120 trillion ($12.8 billion) in Islamic bonds during the past four
years, which the Finance Ministry attributes to an “excessive” demand
for them among Muslim investors. The ministry’s director for
Shariah financing, Dahlan Siamat, said the government issued its first
Islamic bond, known as sukuk, in 2008, and as of Thursday it