IslamicFinance.de

Nakheel today confirmed a profit payment of AED220 million on its trade creditor Sukuk. Instructions have been sent to Deutsche Bank, the registrar and paying agent for the Sukuk, to make the profit payment to all Sukuk holders on the due date of 15 December 2014 against the Sukuk issued amount of AED4.4 billion to date. Nakheel 's current portfolio of developments in Dubai includes Palm Jumeirah, The World, Deira Islands, Jumeirah Islands, Jumeirah Village, Jumeirah Park, Jumeirah Heights, The Gardens, Discovery Gardens, Al Furjan, Warsan Village and International City. Together, these span nearly 14,000 hectares and provide homes for more than 200,000 people.