Dubai Islamic sets profit rate at 6.25%
Abu Dhabi - Arabstoday
Dubai Islamic Bank, the United Arab Emirates' biggest Sharia-compliant lender, will pay a profit rate of 6.25 per cent on a $1 billion Islamic bond it plans to sell, said a banker familiar with the matter. The profit rate per year is payable semi-annually in arrear until the first call date in 2019, two bankers said. time of oman
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