UAE standards board set to boost Dubai in global Islamic race
The UAE’s share of global Islamic assets, and growth of its Shariah-compliant banks, have lagged behind Malaysia and Saudi Arabia, according to a report from Moody’s.
sukuk
Saudi dairy firm Almarai sells $347m sukuk
The issue, which has a floating interest rate, attracted orders worth SAR2.4bn from institutional investors inside Saudi Arabia, the statement said. The interest rate was not specified.
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