Halal Business Sukuk

Bahrain’s Mumtalakat mulls dollar-denominated Sukuk

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Mumtalakat has hired BNP Paribas, Citi as well as HSBC, National Bank of Bahrain and Standard Chartered Bank as joint lead managers and joint bookrunners.

Tuesday 12, February 2019 BY KUDAKWASHE MUZORIWA

Bahrain’s sovereign wealth fund has hired banks to arrange fixed income investor meetings ahead of a potential five-year, US-dollar denominated Sukuk issuance.

The Islamic bonds will be of benchmark size and subject to market conditions, reported Reuters.

TAGS : Sukuk, Islamic bonds , Mumtalakat, National Bank of Bahrain, Standard Chartered

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