Qatar Islamic Bank to sell sukuk this year, acting CEO says
In order to reduce debt payments, Qatar Islamic Bank is going to sell sukuk this year. The sukuk will have a maturity for over 5 years.
Qatar’s central bank cut interest rates last month for the first time in eight months after a slowdown in credit growth.The bank lowered the benchmark overnight lending rate by 50 basis points to five percent and the deposit rate by the same amount to one percent.
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