No 49


BMA Launches $50Mn Ijara Sukuk Issue, Plans $250Mn Offering In January

The Bahrain Monetary Agency (BMA) announced on 19 November it is launching a $50mn issue of Government Islamic leasing bonds (Ijara sukuk). This is the eighth offering of Ijara sukuk to be made by the BMA. A further $250mn offering of Ijara sukuk carrying a maturity of five years will be made in January 2004. For this international issue the BMA has mandated Citi Islamic Investment Bank as...