PMA Governor Jihad al-Wazir said late Wednesday the banks would trade the bonds, or sukuk, among themselves.

“We will start bit by bit to see the needs of the market based on liquidity management,” Wazir told Reuters, but said it was too early to say which currency the bonds would be denominated in, or how much would be issued.

The Palestinians do not have their own currency and the Israeli shekel is used for most day-to-day cash transactions. But any bond issue is likely to be in US dollars or Jordanian dinars, analysts say.
Earlier this year, the Palestinian Authority said it would issue its first government bonds in dollars next spring.
There is strong potential for Islamic banking in the predominantly Muslim Palestinian territories, the PMA governor said.
Source:www.dailystar.com