Bahrain's sukuk securities oversubscribed

Published September 25th, 2012 - 08:56 GMT
Bahrian's sukuk market is increasingly popular
Bahrian's sukuk market is increasingly popular

The Central Bank of Bahrain has announced that the monthly issue of the Sukuk Al Salam Islamic securities for the BD18 million ($47.2 million) issue has been oversubscribed by 248 per cent.

The issue, which carries a maturity of 91 days, begins tomorrow and matures on December 26. The expected return on the issue is 1.2 per cent.


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