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

Barwa Bank co-manages Dubai Sukuk

Posted on 07 May 2012

Barwa Bank, Qatar’s fastest growing Shari’ah compliant bank, acted as Co-Manager on the Government of Dubai’s recent $1.25bn Sukuk issuance. This is the first regional $10-year Sukuk, as well as the first time a Qatari Bank has been involved at a senior level in a sovereign issuance outside the State of Qatar.
Steve Troop, CEO, Barwa Bank commented on the deal, “We are extremely proud to be associated with a transaction of such significance. No Qatari Bank has been in the market with a regional sovereign before and this is another clear demonstration of how we are achieving our vision of becoming a universal Shari’ah compliant bank based in Qatar.”……………………………………….Full Article: Source

 
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