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Qatar Islamic plans up to $1 bln Sukuk sale

Posted on 16 May 2011

Qatar Islamic Bank (QIB), the Gulf state’s second-largest lender by market value, aims to raise as much as $1 billion through sale of an Islamic bond by the end of this year, two sources familiar with the matter said.
The sources, who did not want to be named, said the bank is planning to raise between $500 million to $1 billion from the sukuk sale, but did not say whether the Islamic lender had mandated banks for the proposed issue……………………………………….Full Article: Source

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