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Deal the first Kuwaiti Sharia-compliant transaction closed with Chinese banks
Tight spreads may tempt issuers even if all-in yields are higher than earlier in 2026
Only one Gulf issuer has printed a blue bond in the public market
Some say UAE central bank liquidity has prompted banks to retrench
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Damac Real Estate Development has tightened its debut sukuk to 325bp over mid-swaps area as orders rose to $2.25bn for the five year dollar benchmark deal.
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In support of its bid to become the centre of Islamic economy, Dubai has launched a murabaha platform.
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Abu Dhabi investment firm Waha Capital has overcome some lenders' concerns about financing a holding company to smash through its refinancing target by signing a $750m five year loan.
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Tunisia’s debut sovereign sukuk placement is being delayed until the end of this year or the beginning of 2015, according to an official at the ministry of finance. Tunisia originally planned to issue in the first half of 2014.
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Islamic loan bankers are backing their market to bounce back after a start to the year when volumes have been sluggish already compared to last year and refinancing needs are much lower than they were in 2013.
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Bank Muscat's Islamic banking arm, Meethaq, has signed a bancatakaful agreement — one between a bank and a takaful firm — with Al Madina Takaful to provide Shariah compliant insurance products for Meethaq customers.