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Nakheel plans Dh4.8bln Sukuk

Posted on 12 April 2012

Nakheel is all set for the second tranche of Dh4.8 billion Islamic bond, or sukuk, to be issued to its trade creditors by the end of April, chairman Ali Rashid Lootah said on Wednesday.
The developer of palm-shaped island issued the first tranche of the five-year sukuk worth Dh3.8 billion to its trade creditors in the last week of August and the asset-backed Islamic bond carries a profit rate of 10 per cent………………………………………..Full Article: Source

 
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