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Turkish oil and gas firm offers a pickup to its parent and most other CEEMEA sukuk
Where the company's deal prices relative to its parent will be the topic of investor roadshows
Benin showed Islamic issuance is a viable market for sub-Saharan African sovereigns
Investors are still showing big demand for the Dubai real estate firm's sukuk despite two sell-offs in a year
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Islamic insurance practitioners sought solutions to the struggling takaful industry’s limited progress within and outside of the Islamic world at the 2015 International Takaful Summit in London this week.
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Iranian firms are still hoping for an end to crippling financial sanctions later this year and launching new business ventures in preparation. The latest is lender Kardan Investment Bank, which launched three new funds this week as part of an effort to modernise Iranian asset management.
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Dar Al Etiman, the financial arm of Saudi based United Motors Agencies (UMA), has hired Shariyah Review Bureau (SRB) to supervise a new offering of Shariah compliant products.
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Fitch has appointed Bashar Al Natoor to the newly created position global head of Islamic finance, which it created in response to the industry’s rapid growth.
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Middle East investors would be willing and eager to buy hard currency Chinese sukuk. But mainland issuers wanting to sell renminbi denominated deals would struggle to place their deals with MENA accounts, according to panelists at Euromoney’s Islamic Finance Conference this week.
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South Africa is turning its attention to the domestic sukuk market following its international debut last year, the head of the country’s debt issuance department told IFIS.