The Palestine Monetary Authority hopes to issue to banks its first ever Islamic bond (sukuk) worth $50 million by the end of June, its governor Jihad Al Wazir said yesterday.

The authority originally aimed to issue the bonds, or sukuk, in the first quarter, but obtaining the approval of the issue being in line with Shariah, or Islamic law, delayed the plan.

This development comes on the heels of the Palestinian Authority making a deal with the Jihadist terrorist organization HAMAS to govern the Palestinian territories…



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