Hedge Funds & Alternative Investments
Islamic Finance
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Dubai Islamic Bank Seeks Nod To Raise Ceiling For Tier 1 Capital By $750 mln
Dubai Islamic Bank said on Monday it was seeking shareholder approval to issue up to $750 million in sharia-compliant capital boosting bonds. This would potentially raise its tier 1, or core capital, to $2.75 billion, the bank said in a statement to the bourse. United Arab Emirates' largest sharia-compliant lender…
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