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UAE’s Sharjah Islamic Bank says plans convertible sukuk issue
Sharjah Islamic Bank plans to issue convertible sukuk equivalent to 10 per cent of the lender’s capital, it said on Sunday. Funds raised through the debt sale will be used by Islamic endowments selected by the government of Sharjah. The bank also authorised a capital increase to Dh2.67 billion ($726…
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Click here to read the full story: Gulf News