SUKUK 16 February 2020

ESIC makes AED 1 billion property purchase with Sukuk funds

The AED 1 billion property purchase comprises of a total of 1,352 residential and commercial units spanning a built-up area (BUA) of 238,800 square metres and carries an expected net yield of more than eight per cent.


Islamic Business & Finance Awards 2019

“The Islamic finance industry continues to grow worldwide, but more importantly, it continues to innovate. With the issuance of both green and blockchain-based Sukuk in 2019, It is clear that the Islamic economy will continue to embrace the inevitable technological future that is already transforming banking and finance, as well as recognise the ethical framework on which it is based that can be a beacon for the entire world as the broader financial community finally moves towards sustainable investment and ensuring a positive social and environmental impact,” said William Mullally, Editor, Islamic Business & Finance on the occasion.



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