Mashreqbank is expected to help three private and state-related entities to place local currency-based Islamic bonds, according to Reuters, citing a senior bank official.
UAE commercial lender is working with three potential issuers of Islamic debt, or Sukuk, Mashreqbank’s Islamic unit head, Moinuddin Malim, said during a forum in Abu Dhabi. The Islamic bond sales by the three unnamed entities may come in next year 2012, he said……………………………………….Full Article: Source