Dubai Islamic Bank has repaid a $750 million, five-year Islamic bond which matured on March 22 using its own resources, the bank said in an e-mailed statement on Wednesday.
The sukuk, which was issued by Dubai’s largest sharia-compliant bank in March 2007, was then oversubscribed by three times, with 45 percent allocation to the Middle East, 25 percentto Asia and 30 percent to Europe………………………………………..Full Article: Source