Al Hilal Bank is likely to issue Dh1.8 billion ($500 million) sukuk (Islamic bond) in Q2 or Q3 of 2013, Mohammad Berro, CEO of Al HIlal Bank, told Gulf News. “We will be issuing suku worth $500 million and most probably in Q2 or Q3 of 2013,” said Berro.
He said that the bank, wholly owned by the Abu Dhabi Investment Council, an investment arm of the government of Abu Dhabi, has 11 per cent of the Islamic finance market share in the UAE………………………………………..Full Article: Source