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Islamic Finance Briefing - Categorized | Bonds (Sukuk), New Launches more

Al Baraka plans to sell $300mln Islamic bonds

Posted on 18 May 2011

Bahrain-based Al Baraka Banking Group plans to sell Islamic bonds, or sukuk, worth $300 million (Dh1.1 billion) as early as September in a bid to tidy up its balance sheet, and is also targeting a 15 per cent jump in profit this year as it attracts new customers, the firm’s president and chief executive said.
“We plan to issue $300 million sukuk in September, let’s say during the end of the third quarter and the early part of the fourth quarter,” Adnan Yousuf said……………………………………….Full Article: Source

 
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