Plans are in the pipeline to invite the Qatar Financial Centre and Qatar-based Islamic banks to visit Malaysia and explore avenues for partnerships in the sukuk market.
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ADIB, Abu Dhabi's largest sharia-compliant bank, made a net profit of AED508.9 million ($139 million) in the three months ending Sept 30.
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The emirate's largest sharia-compliant bank made a net profit of AED508.9 million ($138.6 million) in the three months ending Sept 30.
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Net profit of QAR223.3 million ($61.3 million) in the three months ending Sept 30.
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The sukuk will have a seven-year maturity, and while the exact timing of the sale would depend on market condition.
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Citigroup, Dubai Islamic Bank, First Abu Dhabi Bank, KAMCO Investment Co, KFH Capital Investment Company, and Standard Chartered Bank have been hired to lead the transaction