Charuphan Intararoong

Islamic Bank of Thailand Delays Sukuk, Dheerasak Says

The state-run Islamic Bank of Thailand will delay the nation’s first sale of sukuk until early next year as it awaits new guidelines from the securities commission.
Thai Securities & Exchange Commission spokeswoman Charuphan Intararoong said in July that the guidelines would be published in the fourth quarter.
The Thai government is also considering selling 40 billion baht to 50 billion baht of Islamic bonds to fund infrastructure projects.
Prime Minister Abhisit Vejjajiva has advocated more development aid for the region, where separatists have fought for an independent state since Thailand formally annexed the autonomous Malay-Muslim sultanate in 1902.

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