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

Arabian Gulf sukuk may reach $5bln in Q4

Posted on 23 September 2010

From Arabianbusiness.com: Banks and companies in the Arabian Gulf may issue the most Islamic debt in three years in the fourth quarter as economic growth accelerates and Dubai’s companies reach agreements to restructure debt.
The Islamic Development Bank, a Jeddah-based multilateral lender, said on Aug. 24 it would raise $1 billion selling debt that complies with Shariah law’s ban on interest, taking planned offerings for the remainder of the year to $5.5 billion……………………………………….Full Article: Source

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