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Business News $1bn sukuk launched

Published: 16/03/2013 05:25:02 AM GMT
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DUBAI: Dubai Islamic Bank (DIB), the largest Sharia-compliant lender in the UAE by assets, launched a $1 billion hybrid sukuk yesterday. The perpetual sukuk, which is aimed at shoring up its core or Tier 1 capital, launched at a profit rate of 6.25 p (more)

DUBAI: Dubai Islamic Bank (DIB), the largest Sharia-compliant lender in the UAE by assets, launched a $1 billion hybrid sukuk yesterday. The perpetual sukuk, which is aimed at shoring up its core or Tier 1 capital, launched at a profit rate of 6.25 per ...

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