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Sharjah Islamic pays back $400m sukuk

Sharjah Islamic pays back $400m sukuk
One of Sharjah's branches (Photo Credit: Company's Website)
Sharjah Islamic Bank
NBS
-0.45% 2.23 -0.01

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.