IslamicFinance.de

Emirates airlines has mandated eight banks to manage a sukuk sale to raise about US$1 billion. Mandated banks include HSBC, Standard Chartered, Citigroup, BNP Paribas, Emirates NBD, Dubai Islamic Bank, Abu Dhabi Islamic Bank and Noor Bank. Emirates will join a list of regional issuers seeking funding before expected increases in US interest rates push up borrowing costs. Emirates typically raises financing each year from a combination of commercial loans, operating leases and export credit agency backed facilities. It last sold a bond in 2015, when it raised US$913 million from a 10-year sukuk to pay for four Airbus A380-800s. Emirates signed a deal last week for 36 additional Airbus SE A380 aircraft, handling the aircraft manufacturer the first orders for the model in more than two years.

Business Intelligence reported on 9 April about the Islamic Visa card of Emirates Islamic Bank, Skywards, and Emirates.

The Emirates Islamic Bank Skywards Credit Card will come with a list of benefits and features.

Faisal Aqil is General Manager of Retail Banking at Emirates Islamic Bank. Kamran Siddique is Visa General Manager for the Middle East and North Africa.

Source: http://www.bi-me.com/main.php?c=3&cg=2&t=1&id=19053