#Sharjah Islamic Bank hires banks for dollar sukuk - sources - Reuters

Sharjah Islamic Bank hires banks for dollar sukuk - sources - Reuters:

Sharjah Islamic Bank has hired banks to arrange the sale of benchmark dollar sukuk, three sources with knowledge of the matter told Reuters.

The sukuk issuance was likely to be soon, two of the sources said on Wednesday, adding that the banks appointed were Sharjah Islamic Bank’s relationship lenders.

The size was likely be $500 million, but this could be more if demand is strong, one of the sources said.