Sharjah Islamic Bank plans dollar-based sukuk

Sharjah: Sharjah Islamic Bank said on Tuesday it plans to launch a dollar based sukuk, and will hold meetings with fixed income investors on March 5.

The bank plans to meet investors in Asia and Europe, it said in a statement on the Abu Dhabi Securities Exchange.

Abu Dhabi Islamic Bank, Dubai Islamic Bank, Emirates NBD Capital, and HSBC will act as be arranging meetings on SIB’s behalf.