Malaysia's Muhibbah to sell up to $124 Islamic bonds

KUALA LUMPUR, March 24 (Reuters) - Malaysian builder Muhibbah Engineering (MUHI.KL) will sell up to 400 million ringgit ($124.8 million) of Islamic bonds, the firm said on Monday.

The proceeds will be used to finance working capital commitments, the firm told the stock exchange. (Reporting by Niluksi Koswanage) ((niki.koswanage@reuters.com; +603 2333 8035; Reuters Messaging: niki.koswanage.reuters.com@reuters.net)) ($1=3.204 Ringgit)