JAFZ sukuk flies on talk of de-pegged dirham

23 Nov 2007

The promise of a de-pegging of the United Arab Emirates dirham from the dollar helped Jebel Ali Free Zone this week price the largest ever straight sukuk — a Dh7.5bn five year floater that attracted Dh11.5bn of orders, most of them from Middle Eastern accounts.

The deal’s success in desperately ...

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