From Reuters: National Bank of Abu Dhabi (NBAD) will launch a sharia-compliant repo product in March to encourage secondary market trading and is in talks with two unnamed counterparties for the same, an official said on Sunday.
The Abu Dhabi lender expects the Islamic repo market in the Middle East and North Africa (MENA) region to be worth about $2 billion, said Sameh Al Qubaisi, general manager for NBAD’s institutional and corporate coverage group……………………………………….Full Article: Source