MAF counts on bonds and sukuk to double in size in five years | The National:
"Majid Al Futtaim plans to use bonds and sukuk to finance its ambitious plan to double in size within five years, the conglomerate’s chief executive said yesterday.
The news came as a report said that the UAE’s Sharia finance sector is poised for robust growth in the coming years. The report, from the consultancy Ernst & Young, said that Sharia-compliant assets in the UAE are on track to reach a value of US$263 billion by 2019, more than double last year’s value of $127bn.
The UAE is already the third-largest Islamic banking market by value after Saudi Arabia and Malaysia, the consultancy said."
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