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.
Sharjah Islamic Bank, a leading bank in the UAE, plans to sell a dollar-denominated Islamic bond, or sukuk, and has picked four banks to arrange meetings with fixed income investors, lead arrangers said.
Sharjah Islamic, which con
Sharjah Islamic Bank (SIB) plans to issue a $400 million Islamic bond, which will price on Wednesday, according to a document by the arranging banks.
Order books are above $2 billion with pricing on the five-year, dollar-denominated issue
Sharjah Islamic Bank (SIB) has picked HSBC and Standard Chartered as joint lead managers for an Islamic bond, the lender said on Sunday.
The Islamic bond, or sukuk, will be launched subject to market conditions after roadshows taking place
Sharjah Islamic Bank (SIB), said it has signed an agreement with Noor Takaful to offer motor Takaful insurance to all customers through its network of 23 branches.
This strategic partnership will enable SIB customers to access Noor Takaful
Emirates Islamic Bank (EIB) concluded a $40 million Ijara Facility grant to the Emirates Healthcare Development Company (EHDC).
This move will pave the way for sophisticated, technologically advanced and even more accessible medical facili