Sharjah Islamic Bank hires banks for dollar sukuk, document shows

Potential issuance of five-year U.S. dollar-denominated sukuk, or Islamic bonds

  
A man walks past a Sharjah Islamic Bank branch on Sheikh Zayed road in Dubai January 11, 2012.

A man walks past a Sharjah Islamic Bank branch on Sheikh Zayed road in Dubai January 11, 2012.

REUTERS/Jumana El-Heloueh

DUBAI- Sharjah Islamic Bank has hired a group of banks to arrange a global investor call ahead of a potential issuance of five-year U.S. dollar-denominated sukuk, or Islamic bonds, a document showed on Monday.

The bank hired Standard Chartered, Bank ABC, Citi, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, the Islamic Corporation for the Development of the Private Sector, KFH Capital and Mashreqbank to arrange the call.

(Reporting by Davide Barbuscia; Editing by Clarence Fernandez) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))

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