The Bahraini Monetary Authority recently issued a three-month Islamic governmental securities package valued $25 million, reported KSA Today. The package is designed to fulfill the liquidity requirements of the Islamic banks and financial associations in the country. The 100 operating commercial banks and financial institutions in the State of Bahrain are eligible to purchase the securities, to be redeemed on March 13, 2002. — (menareport.com)
© 2001 Mena Report (www.menareport.com)
