Islamic Finance
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Bahrain’s GIB sets up $1.11bn sukuk scheme
Bahrain’s Gulf International Bank has set up a 3.5bn Malaysian ringgit ($1.11bn) programme for potential sale of Islamic bonds, the company said yesterday, as the lender seeks to diversify its funding sources. Standard Chartered and Malaysia’s CIMB Investment Bank are lead arrangers on the medium-term notes programme, while GIB Capital…
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Click here to read the full story: Gulf Times