Islamic Finance
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Abu Dhabi’s Al Hilal Bank Raises $500 Million From Islamic Bonds
Al Hilal Bank PJSC, an Islamic lender owned by the Abu Dhabi government, raised $500 million from the sale of perpetual bonds as it seeks funds to boost capital, according to two people familiar with the matter. The Shariah-compliant securities, which don’t mature, will pay a coupon of 5.5 percent,…
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Click here to read the full story: Bloomberg