Sharjah Islamic pays back $400m sukuk

Abu Dhabi-Mubasher: Sharjah Islamic Bank (SIB) repaid a AED 1.46 billion (S400 million) sukuk issued in May 2011, according to a statement.

"The bank would look to engage with capital market investors, under the $3 billion sukuk programme in the future,” SIB’s deputy CEO Ahmed Saad said.

On 2 April 2015, the bank listed an AED 1.84 billion ($500 million) sukuk on Nasdaq Dubai.

 

Mubasher Contribution Time: 29-May-2016 06:07 (GMT)
Mubasher Last Update Time: 29-May-2016 06:07 (GMT)