Sharjah Islamic Bank Hires HSBC, StanChart for Sukuk Sale

Sharjah Islamic Bank (NBS) PJSC, a United Arab Emirates lender, hired HSBC Holdings Plc (HSBA) and Standard Chartered Plc (STAN) to manage the sale of Islamic bonds.

The dollar-denominated sukuk will be sold subject to market conditions and after fixed-income investor meetings in the Middle East, Asia and Europe, the Sharjah-based bank said in a statement to the Abu Dhabi bourse today.

To contact the reporter on this story: Shaji Mathew in Dubai at shajimathew@bloomberg.net

To contact the editor responsible for this story: Riad Hamade at rhamade@bloomberg.net

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