UAE launches first 7-year Islamic sukuk: AED 550m tranche sees sixfold demand surge | World News

[ad_1] UAE launches first 7-year Islamic sukuk, attracts AED3.1 billion in bids/Representative Image The UAE has introduced its first-ever seven-year Islamic Treasury Sukuk, marking the longest maturity issued under the programme so far. The AED550 million tranche attracted nearly six times its value in bids, underscoring strong investor appetite and confidence in the country’s Islamic […]

‘Access to about $1.0bn’: IMF, Pakistan agree on new deal; $200m tranche cleared under RSF

[ad_1] Pakistan has secured a $1.2 billion loan from the International Monetary Fund. IMF on Tuesday said that it has reached a staff-level agreement with the South Asian country under its ongoing loan program, paving the way for Islamabad to access $1.2 billion pending approval from the Fund’s Executive Board.According to the official statement issued […]