Thu, Aug 21, 2014
A A A
Welcome bhaimia
RSS

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

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

August 2014
M T W T F S S
« May    
 123
45678910
11121314151617
18192021222324
25262728293031