The Sharjah Federal Court of First Instance issued the injunction pending a ruling on Dana's application to have the sukuk, which are due to mature in October, declared unlawful and unenforceable.
An initial hearing on the application is scheduled for December 25 this year, the company said.
The company said it would therefore halt payments on the sukuk and proposed that creditors exchange them for new Islamic instruments offering much lower profit distributions - less than half the rates of the existing sukuk.
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