(Bloomberg) -- Dubai Islamic Bank, the biggest bank
in the United Arab Emirates complying with Muslim law, may sell
its first convertible Islamic bonds in a bid to diversify
funding.
The bank's board will consider the fund-raising plan at its
meeting in September, the Dubai-based lender said in an e-mail.
It didn't detail if the debt will be sold in U.S. dollars. The
bank in March raised $750 million from the sale of five-year
Islamic notes.
Read more at Bloomberg Emerging Markets News
in the United Arab Emirates complying with Muslim law, may sell
its first convertible Islamic bonds in a bid to diversify
funding.
The bank's board will consider the fund-raising plan at its
meeting in September, the Dubai-based lender said in an e-mail.
It didn't detail if the debt will be sold in U.S. dollars. The
bank in March raised $750 million from the sale of five-year
Islamic notes.
Read more at Bloomberg Emerging Markets News
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