29.10.2012 - Sudanís Bank of Khartoum to restart sukuk sales
Bank of Khartoum, Sudanís oldest bank, plans to start selling Islamic corporate bonds, or sukuks, again as the economic outlook for African country improves in the wake of an oil deal with South Sudan, its general manager said. Fadi Salim Faqih said the Islamic bank, which is around a fifth-owned by Dubai Islamic Bank, expects to post a record profit this year boosted by strong lending and a substantial windfall from the devaluation of the Sudanese pound, Global Arab Network reports according to Reuters...............................................Full Article: Source
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