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

Al Baraka eyes $300 mln sukuk, further expansion

Posted on 19 May 2011

Adnan Ahmed YousifBahrain’s Al Baraka Bank expects to sell $300 million worth of Islamic bonds by September as it looks to secure long-term financing to fund its expansion plans, its chief executive said on Wednesday.
Previous plans to issue Islamic bonds, or sukuk, were thwarted by the onset of the financial crisis and, more recently, the regional unrest, said Adnan Ahmed Yousif in an interview with Reuters……………………………………….Full Article: Source

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