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Dubai’s Tamweel postpones asset-backed sukuk sale

Posted on 05 July 2012

Islamic mortgage lender Tamweel has decided to delay the sale of a $235 million sharia-compliant asset-backed securitisation after taking feedback from the market, the company said in on Wednesday.
Investors and traders in the Gulf region said the deal structure was too complex by regional standards, which has only ever seen one previous Islamic asset-backed transaction………………………………………..Full Article: Source

 
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