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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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Deutsche Bank has appointed Salah Jaidah as chairman of Islamic finance and Ibrahim Qasim as head of Islamic finance structuring. They report in to Ashok Aram, CEO of Deutsche Bank for the Middle East and North Africa.
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South Africa has alerted the market to the possibility of it issuing sukuk next year. On Tuesday the country's national treasury invited banks to submit advisory proposals for structuring and issuance of a government sukuk in the local and international markets.
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JCR-VIS assigns local currency ratings on a national scale. Local currency rating on a national scale assumes the national government to be least risky, which is therefore implicitly assigned a 'کAAA' rating. These ratings represent an entity's ability to meet its domestic obligations in the local currency.
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Source: MPA BAKU /December 05/ MPA: Islamic Corporation for Private Sector Development is ready to start work on Islamic banking development in Russia the request of Dagestan banks' association, although this country is not a member of Islamic Development Bank.