Banking & Finance
Bank of Sharjah PJSC announces the successful issuance of AED 2 billion in Sukuk Trust Certificates for the Government of Sharjah.

Bank of Sharjah is pleased to have performed the roles of sole lead manager and arranger for the issuance of AED 2 billion in Sukuk trust certificates for the Government of the Emirate of Sharjah, acting through the Sharjah Finance Department, the proceeds of which will be used to support the Sharjah economy, corporates, SMEs, individuals and banking sector during the Covid-19 crisis.
The securities were issued under the Sharjah Liquidity Support Mechanism, a framework initiated by the Government to enhance liquidity for the Sharjah banking system, and in co-operation with the Targeted Economic Support Scheme (TESS) of the Central Bank of the UAE.
The certificates, issued on May 19th, 2020, pay a profit rate of 1.5%, and mature on May 19th, 2021.
-
Automotive2 months ago
South Korea Plans to Support Auto Sector with US$2B Following US Tariffs
-
News2 months ago
Aligning HR Strategies with Oman Vision 2040: A Roadmap for Organisational Growth – OER Business Summit 2025
-
News2 months ago
Oman Oil Prices Witness Drop Amid Shifting Global Trade Dynamics
-
OER Magazines1 month ago
OER, April 25
-
Alamaliktistaad Magazines1 month ago
Al-Iktisaad, April 25
-
Renewables2 weeks ago
Jindal Renewables and OQ Alternative Energy Sign Joint Development Agreement to Advance Integrated Renewable Power Projects in Oman
-
Banking & Finance2 months ago
Sohar International Bank SAOG Announces Intention to Merge with Ahli Bank SAOG
-
Banking & Finance2 months ago
Bank Nizwa Signs MoU with Ministry of Endowments and Religious Affairs to Enhance Endowment Management & Islamic Finance Frameworks