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Dubai Islamic Bank to test Gulf debt markets post oil slump

BY Reuters |

Dubai Islamic Bank will reopen the Gulf bond market next week with a capital-boosting sukuk, the region's first debt offering in two months, as financial markets there wobbled under the impact of falling oil prices.
Moroccan parliament approves Islamic finance legislation

BY Reuters |

Morocco's parliament gave final approval on Nov. 25 to an Islamic finance bill that will allow the creation of Islamic banks and enable private firms to issue Islamic debt, lawmakers said
Bahraini fund Mumtalakat launches $600 mln, 7-year sukuk

BY Reuters |

Bahrain sovereign fund Mumtalakat has launched a $600 million, seven-year sukuk at the tight end of its previously marketed price range, with the sale set to complete later on Tuesday, a document from lead managers said.
Islamic finance body AAOIFI to revise 4 standards, eyes sukuk

BY Reuters |

The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) will revise four of its standards in the first half of next year while expanding its guidance for Islamic bonds, the industry body said.
Malaysia-Hong Kong tie-up to market Islamic funds in mainland China

BY Reuters |

A tie-up between Malaysian and Hong Kong asset managers aims to market Islamic funds in mainland China, helping expand sharia-compliant investment products outside the industry's core centres in Southeast Asia and the Middle East.
Bahrain fund Mumtalakat sets up $1 bln bond, sukuk programmes

BY Reuters |

Bahraini sovereign fund Mumtalakat has set up separate bond and sukuk issuance programmes in the Irish stock exchange to raise as much as $1 billion, to help refinance maturing debt next year.
Kazakhstan may issue sukuk next year: C. bank chief

BY Reuters |

Kazakhstan may make its second international issue of sukuk next year following its successful sale of $2.5 billion worth of conventional eurobonds earlier this month, its central bank governor said.
Maybank launches 1st USD sukuk mutual fund

BY Reuters |

The asset management arm of Malaysia's Malayan Banking Bhd, the country's largest lender, has launched its first U.S. dollar-denominated mutual fund that invests in Islamic bonds.
Bank of Tokyo to issue debut dollar, yen sukuk bonds in Malaysia

BY Reuters |

Bank of Tokyo-Mitsubishi UFJ (BTMU), Japan's largest lender, will issue Islamic bonds in two tranches under its debut multicurrency sukuk wakala programme in Malaysia, a statement on Bank Negara's website said on Wednesday.
BTMU to issue debut dollar, yen sukuk today

BY Reuters |

Bank of Tokyo-Mitsubishi UFJ (BTMU), Japan's largest lender, will issue Islamic bonds in two tranches under its debut multicurrency sukuk wakala programme in Malaysia, a statement on the Malaysian central bank's website said on Wednesday.