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

Al Baraka eyeing sukuk to fund expansion plan

Posted on 20 May 2011

Bahrain’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.
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. The Islamic lender had previously announced plans for a $500m sukuk programme but had shelved that, he said……………………………………….Full Article: Source

 
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