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Near $1bn attrition from an order book on Tuesday shows buyers have limits
Another Dubai real estate firm priced fresh sukuk well inside its curve
After a very busy period since June began, the pipeline has thinned out
Another Saudi lender is preparing a senior debut
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A single question regarding previous sovereign sukuk arranging experience may have determined the UK Treasury’s decision to rule out UK Islamic banks from the mandate for its sukuk debut, a conference heard on Wednesday.
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The Muscat Securities Market (MSM) Shariah Index revised its list of companies and will add two new firms to the index, bring the total number of total companies listed to 31.
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Turkiye Is Bankasi (Isbank) opened books on a seven year dollar benchmark on Wednesday morning, while Ziraat Bankasi will start a roadshow over a year after mandating for a debut deal in the same currency, GlobalCapital reports.
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Turkish participation bank Turkiye Finans is set to issue the first sukuk tranche from its MR3bn ($930m) sukuk programme by the end of this month, according to a senior treasury official at the bank.
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Morocco is unlikely to issue its first ever sukuk this year and the country’s Islamic banking looks set for more delays, according to a senior parliamentary advisor.
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London headquartered asset manager Arabesque will begin offering three socially responsible and Shariah compliant flagship equity funds, as well as bespoke solutions, having obtained regulatory approval to operate.