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22 October 2019
SUKUK

UAE's Majid Al Futtaim plans to issue green Sukuk

The shopping mall operator has hired BNP Paribas, Citigroup and HSBC to coordinate the 10-year deal, together with Abu Dhabi Islamic Bank, Dubai Islamic Bank as well as Emirates NBD Capital, and First Abu Dhabi Bank as joint lead managers.

bloomberg/trafawma

UAE-based Majid Al Futtaim has hired banks to arrange a potential issue of US dollar-denominated 10-year green Sukuk.

Green bonds are a growing category of fixed-income securities and green Islamic bonds could widen the appeal of Shari’ah compliant financing beyond traditional markets in Asia and the Middle East to include ethical investors in Western countries, reported Reuters.


RELATED STORIES: GREEN ISLAMIC BONDS MAJID AL FUTTAIM

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