Indonesia considers new collateral for sukuk

The Indonesian government plans to broaden the underlying assets used for its Islamic debt papers (sukuk) as it seeks improve liquidity in the sharia-compliant bonds market in the world’s most Muslim-populated nation.The government is studying using state-owned goods and services as underlying assets for sukuk issuances, which have normally used infrastructure projects as collateral, says Robert Pakpahan, the head of the Finance Ministry’s financing and risk management office –

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