Noor Bank, the largest lender in Dubai, is trying to increase its sharia compliant asset holdings, including assets from emerging market countries, such as Indonesia, which has good economic fundamentals, Aljanahi said at a press conference held on Tuesday night.
"We had issued US$500 million sukuk for Garuda Indonesia earlier. And today we discussed investing a larger amount in sukuk", Aljanahi, who was accompanied by Indonesian Finance Minister Bambang Brodjonegoro, added.
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