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Sharjah Islamic launches $500m sukuk

Dubai, April 9, 2013

Sharjah Islamic Bank launched the sale of a $500 million sharia-compliant bond, or sukuk, on Tuesday at a profit rate of 2.95 percent, lead arrangers said.

Final pricing is due to follow later on Tuesday.

Abu Dhabi's Al Hilal Bank, HSBC Holdings, Kuwait's Liquidity Management House, a unit of Kuwait Finance House , and Standard Chartered Plc are mandated lead arrangers on the sukuk. – Reuters




Tags: Dubai | sukuk | Sharia | Sharjah Islamic Bank |

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