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

Noor Islamic gets part Of Dubai bond in deposits

Posted on 22 June 2009

From Zawya Dow Jones: Noor Islamic Bank, a Dubai-based Shariah-compliant lender that’s part-owned by the government, has received a portion of the emirate’s $10 billion economic bailout bond in the form of deposits, the company’s chief executive said.

“We received part of the Dubai $10 billion bond in deposits,” Hussain Al Qemzi said in an interview Sunday. “We also received deposits from the ministry of finance.”……..Full Article (Subscription Required): Source

 
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