Islamic Finance
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ADIB launches $1bn sukuk
Abu Dhabi Islamic Bank, the emirate’s largest sharia-compliant lender, launched a $1bn sharia-compliant hybrid Islamic bond, or sukuk, yesterday to boost its core capital, arranging banks said, after attracting strong demand. The Tier 1 perpetual sukuk, which has no defined maturity date, was launched at a profit rate of 6.375%,…
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Click here to read the full story: Gulf-Times