Albaraka Banking Group BSC, Bahrain’s biggest publicly traded Islamic lender, and its unit in Turkey may raise a total $500 million in sukuk this year, Chief Executive Officer Adnan Ahmed Yousif said.
Albaraka Turk Katilim Bankasi AS is in the process of hiring banks to manage the sale of about $200 million in Islamic bonds by November, Yousif said in an interview in Washington yesterday. The parent bank may sell about $300 million by the end of the year, he said……………………………………….Full Article: Source