July 15 (Bloomberg) -- Ras al-Khaimah, one of seven sheikhdoms that make up the United Arab Emirates, may raise $500 million in a five-year Islamic bond, a banker familiar with the deal said. The emirate received two to three times more offers for the sukuk than sought, the banker said.

To contact the reporter on this story: Haris Anwar in Dubai at hanwar2@bloomberg.net Last Updated: July 15, 2009 03:40 EDT adType = "OAS"; Category = "03"; HCat = "x20"; Keys = "null"; Width = "3"; Height = "3"; Tile = "3"; CallAd(adType, HCat, Width, Height, Tile, Keys, Category); [IMG] Sponsored links google_ad_client = "pub-1979187633561026"; google_ad_slot = "0643399015"; google_ad_width = 336; google_ad_height = 280; `

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