Al Rayan looks beyond the Shire with sukuk RMBS
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Al Rayan looks beyond the Shire with sukuk RMBS

Standard Chartered

Al Rayan Bank has started marketing Tolkien Funding Sukuk No. 1, the first UK RMBS issue to be structured on Islamic finance principles. Islamic banks can’t access central bank facilities which means the wholesale markets are fuelling the firm’s ambitious expansion plans, writes Owen Sanderson.

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