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Emirates repays $550 mln sukuk; Looks at Islamic debt

Posted on 19 June 2012

Sheikh Ahmed bin Saeed al-MaktoumEmirates, the world’s largest airline by international traffic, will look at Islamic debt for future financing after paying a $550 million sukuk. “With the Eurozone debt crisis ongoing it’s likely that Islamic financing, with its large pool of liquidity, will play an increasingly important role for us moving forward,” Chairman Sheikh Ahmed bin Saeed Al Maktoum said.
“The repayment of our first-ever sukuk bond is part of Emirates’ varied financing strategy and reflects our robust financial position.”……………………………………….Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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