Goldman Sachs is planning to issue a five-year $500 million Sukuk as it seeks to tap the growing market for Islamic bonds.

The bank is planning to meet potential investors in Qatar and the United Arab Emirates next week to discuss about the selling of sukuk.

Five banks including the New York-based lender have been selected as joint lead managers on the prospective issuance.

The other banks include the Abu Dhabi Islamic Bank, the National Bank of Abu Dhabi, Dubai’s Emirates NBD Capital, and the investment banking arm of Saudi Arabia’s National Commercial Bank.

The dollar-denominated sukuk will be offered via a vehicle called JANY Sukuk Co.

The bank will use a wakala structure for its sukuk and its underlying assets will be linked to commodities and crude oil. The proceeds of the sale would be used in the commodities business of J. Aron & Co, a Goldman unit.

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Goldman is also looking for ways to expand its sources of funding in addition to boosting its capability in Islamic finance.