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The country's curve has rallied since the US and Iran agreed on a peace MoU
Most of the demand came from local investors, as one banker expected
Price was 'way off' fair value, according to a source on the deal
Rare borrowers Burjeel Holdings and Avilease also marketing deals
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The Central Bank of Bahrain’s BD18m monthly sukuk al-salam issue has been oversubscribed by 304%. -
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.
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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.
