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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Emerging Trends more

Local lenders capitalise on growing domestic demand for Gulf Sukuk

Posted on 18 January 2012

A growing number of local investors are viewing Gulf sukuk as a safe investment option amid continuing volatility across regional equity markets.
Emirates Islamic Bank, a unit of Emirates NBD, announced yesterday it had completed the issuance of $500 million (Dh1.8 billion) worth of sukuk maturing in 2017. Last week, Abu Dhabi-based lender First Gulf Bank said its $500 million sukuk was oversubscribed 2.8 times, fetching $1.4 billion in the process………………………………………..Full Article: Source

 
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