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RAKIA launches Islamic bond issue

by ArabianBusiness.com staff writer on Monday, 03 December 2007

Ras Al Khaimah Investment Authority (RAKIA) has launched its first ever sukuk issue.

The US$500 million sukuk has a maturity of five years and is guaranteed by the government of Ras Al Khaimah.

RAKIA's sukuk will be listed on the Dubai International Financial Exchange and the London Stock Exchange.

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