Jakarta: – Indonesia has broken several records in the finance industry recently with a hot $2.5bn wakalah deal. Not only was this the sovereign`s first dual-tranche appearance in the asset class, it was also its largest-ever in the global financial market.
By concluding the deal, Indonesian government and its central bank have shown professionalism in listening to the market feedback. It is a marvelous achievement in the Asian financial markets except Japan.
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Hafiz Maqsood Ahmed is the Editor-in-Chief of The Halal Times, with over 30 years of experience in journalism. Specializing in the Islamic economy, his insightful analyses shape discourse in the global Halal economy.
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