UAE's Sharjah Islamic Bank readies capital-boosting dollar sukuk - sources - Reuters:
United Arab Emirates’ Sharjah Islamic Bank is expected to issue U.S. dollar-denominated sukuk, or Islamic bonds, by the end of June to boost its Tier 1 core capital, sources familiar with the matter said.
The planned deal would come at a relatively quiet time in Gulf debt markets, where issuance slowed down during the holy month of Ramadan, but it follows a busy start to the year, with more than $40 billion in new international bond issues.
Sharjah Islamic Bank, which is listed on the Abu Dhabi stock exchange, declined to comment.
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