Mashreq Al Islamic in sukuk talks with three entities
Mashreq Al Islami stated that it is in discussions with three entities including corporates and government related entities to establish sukuk programmes.
Moinuddin Malim, Chief Executive of Mashreq Al Islamic, stated that there is enough liquidity in the market and therefor they are trying hard to establish a local currency denominated sukuk market. They are talking at this point with three entities who have the potential for benchmark-sized ($500 million upwards) sukuk issuance.
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