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

Qatar: Another Sukuk program

Posted on 18 September 2012

After two years of absence in the sukuk market, the board of the Qatar Islamic bank (QIB) has approved the issuance of another sukuk program. According to a released statement, an amount of $1.5 billion has been given the green flag by the board of the bank.
Necessary procedures will soon follow as the release went to state that “based on the approval, the bank will now pursue all necessary regulatory approvals from the relevant authorities.” A spokesman of the bank said they have hired the services of HSBC Holdings PLC, Standard Chartered PLC, QInvest LLC and Deutsche Bank AG for the management of the issuance………………………………………..Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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