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Majid Al Futtaim latest to join rush to sell Islamic bonds

Posted on 21 November 2011

Majid Al Futtaim (MAF) Holding is preparing to sell Islamic bonds as increasing numbers of companies seek to bypass frozen western credit markets and raise funds through sukuk sales.
The retail and hospitality giant, which operates Dubai’s Mall of the Emirates, is laying the groundwork for a sukuk sale worth about US$500 million (Dh1.8 billion)………………………………………..Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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