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Trade was the largest so far from the Dubai property developer
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
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The debut Islamic facility of International Bank of Azerbaijan (IBA) has been oversubscribed by 20.5%, allowing the borrower to sign the deal at $120.5m.
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Turkish Islamic bank Al Baraka Turk has launched a $250m one and two year murabaha facility into syndication. The borrower is hoping to attract new lenders to this deal, Al Baraka Turk said on Monday.
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Dubai Islamic Bank has appointed Adnan Chilwan as chief executive. -
The International Islamic Liquidity Management Corp (IILM) has added Kanny Hidaya and Abdul Aziz Al-Qassar to its Shariah board, following the departure of four of its original members.
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Hong Kong’s tax regulator the Inland Revenue Department (IRD) has amended its tax and stamp duty rules for sukuk.
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Tunisia’s prospects of borrowing in the international market brightened this week as its National Constituent Assembly passed a draft sukuk bill on Wednesday. The law is seen as an important hurdle to Tunisia issuing a sovereign Islamic debut and helps it open up a wider range of funding options as existing sources are becoming more pressed.
