Qatar Islamic Bank QISB.QA (QIB), the Gulf state's second-largest lender by market value, aims to raise as much as $1 billion through sale of an Islamic bond by the end of this year, two sources familiar with the matter said.
The sources, who did not want to be named, said the bank is planning to raise between $500 million to $1 billion from the sukuk sale, but did not say whether the Islamic lender had mandated banks for the proposed issue.
QIB invested 1.25 billion riyals ($343.6 million) in a sukuk in June issued by the Qatar Central Bank on behalf of the government to boost the domestic bond market.
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