The Cyprus Stock Exchange is engaged in talks with foreign bourses in a bid to list Islamic bonds on the Cypriot stock market, CSE CEO Nondas Metaxas has stated in an interview with the Cyprus News Agency.
The listing of Islamic bonds, also known as Sukuk, is considered a way to attract liquidity in the crisis-hit CSE, whose trading volume declined to record low levels due to the financial meltdown of 2013 in Cyprus.