26.10.2011 - Majid Al Futtaim, Albaraka, Asya Katilim: Islamic bond alert
The following borrowers are expected to sell Islamic bonds, which use asset returns to pay investors to comply with the religion’s ban on interest. Global sales of sukuk climbed to $18.8 billion in 2011, from $12.7 billion a year earlier, according to data compiled by Bloomberg. Majid Al Futtaim Holdings: The Dubai-based operator of Carrefour SA stores in the Middle East plans to issue a sukuk in “a few weeks” barring a further decline in global market conditions, Iyad Malas, the chief executive officer, said in an interview in Jordan.............................................Full Article: Source
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