IslamicFinance.de

Majid Al Futtaim Holding LLC initiated a $1 billion Islamic bond program to boost cash reserves.
It appears that HSBC Holdings Plc, Standard Chartered Plc, Abu Dhabi Islamic Bank PJSC and Dubai Islamic Bank PJSC were hired as arrangers of the program.
The company wants to raise about $500 million from the sale of five-year Islamic bonds.

The following borrowers are anticipated to sell Islamic bonds, which use asset returns to pay investors to acceed with the religion’s ban on interest: MAJID AL FUTTAIM HOLDING LLC, ALBARAKA TURK KATILIM BANKASI AS (ALBRK), ASYA KATILIM BANKASI AS (ASYAB), GOLDMAN SACHS GROUP INC. (GS) , ALMARAI CO, MYDIN MOHAMED HOLDINGS BHD., BARWA BANK, ISLAMIC BANK OF THAILAND, PALESTINE MONETARY AUTHORITY:, INTERNATIONAL ISLAMIC LIQUIDITY MANAGEMENT CORP., AL BARAKA BANK EGYPT ESC and many others.