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Al Baraka Bank plans subordinated sukuk in Jordan

MANAMA: Bahrain-based Al Baraka Banking Group is planning on issuing its first Islamic bonds, or sukuk, for its Jordanian unit later this year, chief executive Adnan Ahmed Yousif told Reuters.

Al Baraka Bank issues first subordinated sukuk in Pakistan

ISLAMABAD: The Pakistani unit of Bahrain's Al Baraka Banking Group has raised 2 billion rupees ($19.5 million) via the country's first issuance of subordinated sukuk, or Islamic bonds, a bank official said.

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