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Islamic Finance

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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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  • 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.
  • This week could see Albaraka Turk, the Turkish banking unit of Bahrain-based Albaraka, become the first sukuk issuer of the new Islamic year, after investor meetings that were scheduled to begin in Asia on Saturday (November 26).
  • Egypt is on holiday on Monday for parliamentary elections that the country's military leaders insist will go ahead, but reaction to the vote looks set to determine the tone of Egyptian Islamic stock market in the week ahead.
  • 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.
  • The ( SC ) today released an updated list of Shariah-compliant securities approved by its Shariah Advisory Council (SAC).
  • Standard & Poor's has said it will buy a 4.9% stake in Malaysia's RAM Holdings from the Asian Development Bank (ADB). RAM features prominently in the Islamic finance market, in particular for its ratings of sukuk along with other capital markets transactions.