Monday 25, September 2017 by William Mullally

BisB denies reported Sukuk issuance plans

Bahrain Islamic Bank has issued a statement denying its reported intention to issue a Sukuk.

"BisB would like to deny the statement in AlBilad’s press release published Tuesday 19 September 2017 regarding the bank’s intention to issue Sukuk. The bank would like to make it clear that it will not consider such an approach, at least not within the coming 12 to 18 months," said the statement. 

The bank affirmed the rest of the report.

"We confirm other topics highlighted within the news article, namely, the rise of the bitcoin industry, applying the value added tax, and the bank’s preparedness towards digital and mobile payments," said the statement, signed by BisB CEO Hassan Amin Al Jarrar.

 

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