Emirates NBD, the UAE’s largest bank by assets, is considering a five-year Islamic bond (sukuk) issue, chief executive Rick Pudner said. “We are looking at opportunities, but timing is very important. At the moment the market looks crowded with a number of issues launched in recent weeks,” Pudner said.
Pudner confirmed that the bank is actively considering the possibility of a sukuk issue. “We, like everybody else, are looking at the sukuk arena and just reviewing our options. There have been a lot of issues recently. So we are still waiting for the right opportunity and the right moment,” he said………………………………………..Full Article: Source