SIB to sell debt in future if conditions favourable

DUBAI - Sharjah Islamic Bank is monitoring the market and may sell securities in the future if conditions are favourable, deputy chief executive officer Ahmed Ibrahim said on Monday.

By (Bloomberg)

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Published: Tue 29 Nov 2011, 11:02 PM

Last updated: Tue 7 Apr 2015, 5:21 AM

“We are not expecting to sell in the near future, to issue another sukuk,” Ibrahim said at an Islamic finance conference in Dubai.

The lender expects fourth-quarter earnings, loans and deposit growth to be similar to those in the previous quarter Ibrahim said, adding that the bank is liquid and has room to finance.

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