MANAMA: The monthly issue of Sukuk Al Ijara short-term Islamic leasing bonds has received subscription to the tune of 240 per cent, the Central Bank of Bahrain announced yesterday.
Subscriptions worth BD48 million were received for the BD20m issue.
Carrying a maturity of 182 days, the issue begins tomorrow and matures on January 15 next year. The expected return on the issue is 0.80pc compared to 0.85pc for the previous issue dated June 19.
(Gulf Daily News / 16 July 2014)
---Alfalah Consulting - Kuala Lumpur: www.alfalahconsulting.com
Islamic Investment Malaysia: www.islamic-invest-malaysia.com
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