29.11.2010 - Dubai in process to raise $1.5 bln via Islamic bond
From Topnews.ae: The Dubai government is in talks with Malaysia so that it is able to raise $1.5 billion. The money is going to be via multi-currency Islamic bond, said that people involved with the discussion. The bond is going to be the first foreign sovereign sukuk that will come up in Malaysia in the last 10 years time. The country has come up as a leading center for Islamic bond issuances in the world and currently is the market leader in that. It holds 60 per cent of the global outstanding stock...........................................Full Article: Source
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