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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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Pakistan’s financial regulator has approved The United Insurance Company of Pakistan’s (UIC) plan to establish a takaful business, and the firm plans to start offering Islamic insurance this week. UIC is one of growing number of conventional insurers in the country lining up for permission to offer Shariah-compliant insurance services, a senior official at the Securities and Exchange Commission of Pakistan (SECP) told IFIS.
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Conventional Malaysian lender Agrobank has launched Shariah compliant trade financing as part of its fully fledged conversion to an Islamic banking business.
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The Russian loans market is all but shut and other emerging markets quiet as participants take their summer vacations, but activity the Middle East is ticking over this week thanks to repricing moves by some of Dubai’s big name borrowers.
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The impending arrival of Basel III across the Islamic finance market makes addressing the dire shortage of short term sukuk even more important, according to Standard & Poor’s analysts.
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International law firm Clyde & Co has hired Islamic finance specialist Adil Hussain as a partner at the firm’s Abu Dhabi office.
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Egyptian financial authorities will meet with market participants on Wednesday to discuss a revised version of the country’s sukuk law, an official at the Egyptian Financial Supervisory Authority (EFSA) told IFIS.