Fadi Salim Faqih

Sudan's Bank of Khartoum to restart Islamic bond sales

Bank of Khartoum's plans include selling Islamic corporate bonds since after an oil deal with South Sudan the economic outlook for Sudan becomes better. This year's profit of the bank is expected to reach record amounts due to strong lending and a substantial windfall from the devaluation of the Sudanese pound. Several sukuks have already been started. According to the bank's general manager, issues worth $100 million in bonds for local companies are a realistic is a realistic goal to be achieved by early 2013.

Read more on: http://english.ahram.org.eg/NewsContent/3/12/56460/Business/Economy/Suda...

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