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Oil-squeezed Malaysia seen selling sukuk as US$1.2b debt matures

Friday, December 18, 2015 - 05:50

Kuala Lumpur

MALAYSIA will face pressure to sell global sukuk next year as US$1.2 billion of Islamic debt matures in July and plunging oil prices erode fiscal revenue and currency reserves.

RHB Investment Bank Bhd and Union Investment Privatfonds GmbH see demand for a new Islamic