Btimes.com:SAUDI Arabia's Al Rajhi, the world's largest Islamic banking group, has unveiled its first Islamic bond, called Sukuk ALIm, exactly eight years after Malaysia issued its maiden sovereign sukuk.
The launch of the RM5 billion Cagamas Sukuk ALIm marks Al Rajhi's foray into the Islamic debt capital market.
Sukuk ALIm (al-Amanah Li al-Istithmar) was engineered by a team from Al Rajhi Bank Malaysia, led by Al Rajhi Malaysia senior vice-president (treasury) Eqhwan Muhammad Mohzanee...continue
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