Emirates Islamic Bank has appointed banks to arrange the issuance of dollar-denominated Sukuk with a maturity of 5 years.

According to Reuters, a document issued by one of the banks arranging the operation showed that the bank had appointed Emirates NBD Capital, the Islamic Corporation for the Development of the Private Sector and Standard Chartered to arrange calls with investors. It started the day before yesterday ahead of the benchmark release, which hinges on market conditions.

(Amazon fun knowledge)