Islamic Finance
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Sharjah Islamic Bank repays $400m sukuk
Sharjah Islamic Bank (SIB), a Sharia-compliant commercial bank in the UAE, has successfully repaid a $400 million (Dh1.46 billion) sukuk. The sukuk had been issued in May 2011 with the fund used for general corporate purposes and business expansion of SIB. Ahmad Sa’ad, Deputy CEO of SIB, said the bank’s…
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Click here to read the full story: Gulf News