Majid Al Futtaim Holding, or MAF, has set up a $1 billion (Dh3.67 billion) Islamic bond, or sukuk, programme, paving the way for the company to raise cash to boost liquidity and better manage its debt, according to its base prospectus.

Arrangers and dealers for the trust certificate issuance programme include Abu Dhabi Islamic Bank, Dubai Islamic Bank, HSBC and Standard Chartered Bank, MAF said in its base prospectus, dated January 6, posted on the London Stock Exchange…………………………………….Full Article: Source