x Abu Dhabi, UAEFriday 28 July 2017

UAE's second biggest Shariah lender ADIB mulls sukuk by end of year

On The Wires: Abu Dhabi Islamic Bank may consider a sukuk sale by the end of 2011 it said today.

Abu Dhabi Islamic Bank, the second-biggest Shariah-compliant lender in the UAE, may consider selling sukuk by the end of this year, Chief Executive Officer Tirad Mahmoud said.

A decision on the Islamic bond sale will be taken by September, he said at a conference in Abu Dhabi today. The bank is studying whether to refinance or repay a $800 million (Dh 2.93 billion) sukuk maturing this year, he said.

Bloomberg News