Thursday 26, June 2014 by Matthew AmlĂ´t

Advisors selected to aid in launch of UK's debut sovereign Sukuk

Five Joint Lead Managers have been selected for the UK's GBP 200 million debut Sovereign Sukuk, a transaction that will see the first Shariah compliant issuance by a western nation. The banks selected are, Barwa Bank, HSBC, Standard Chartered, National Bank of Abu Dhabi (NBAD) and CIMB of Malaysia. NBAD has also been selected as Joint Bookrunner.