DUBAI - Emirates Islamic Bank has
hired banks to arrange the issuance of U.S. dollar-denominated five-year sukuk,
or Islamic bonds, a document showed on Tuesday.
It hired Emirates NBD Capital, HSBC, The
Islamic Corporation for the Development of the Private Sector, and Standard
Chartered to arrange investor calls that started on Monday ahead of a benchmark
issuance, subject to market conditions, according to the document from one of
the banks arranging the deal.