After getting rejected by South Korea’s parliament back in December, the South Korean finance ministry still wants to push forward to get approval by lawmakers to issue a sukuk.
Christian organizations played a key role in getting the sukuk scheme rejected in December.
We can be sure that South Korea is under intense pressure from its trading partners in the Middle East, such as Iran and Saudi Arabia, to issue the Shariah-Compliant bonds.
http://www.reuters.com/article/2011/02/10/korea-bonds-sukuk-idUSTOE71905D20110210
