Bahrain-based Islamic investment bank Elaf Bank has secured sharia-compliant bond mandates worth at least $1.5 billion from three Malaysian firms, its chief executive said on Monday.
The Islamic bonds, or sukuk, are being planned for the first quarter of 2012, Jamil Jaroudi told reporters on the sidelines of a conference.
"We have mandates from three Malaysian corporates to issue sukuks in the Malaysian market," said Jaroudi.
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