| Qatar Islamic Bank (QIB), the Gulf state’s largest sharia-compliant lender by assets, is not expecting to issue more Islamic bonds before 2014, its chief executive said on Wednesday. “I don’t think it will be needed; there seems to be enough liquidity currently,” Bassel Gamal told reporters at a conference in the Qatari capital.
QIB, whose biggest shareholder is the country’s sovereign wealth fund, the Qatar Investment Authority, last tapped the market with a $750 million five-year sukuk in October as part of its $1.5 billion sukuk program...............................................Full Article: Source
|