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

No change to Nakheel sukuk rate

Posted on 26 May 2011

Ali Rashid LootahNakheel properties has no plans to change a 10 per cent profit rate on its Dh4.8 billion sukuk (Islamic bonds) which it intends to issue towards the end of June, a newspaper said on Wednesday.
The Arabic language daily Al Khaleej quoted an unnamed responsible source in Nakheel as saying market reports about an imminent change in the profit rate were incorrect……………………………………….Full Article: Source

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