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Jun 2013

Global Takaful


ICIEC offers protection against sukuk default

ICIEC - the insurance arm of the Islamic Development Bank (IDB) - has launched a new product to cover sukuk investors against defaults on sukuk issued by any of its 40-member countries.

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HSBC to focus on region's infrastructure finance and Islamic capital markets

HSBC Middle East will maintain a strong focus on the Islamic capital market as it seeks to capitalise on infrastructure finance opportunities in the region, said Mr Simon Cooper, CEO of HSBC Middle East.

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Sukuk issuance up 21.5% in 1Q

The volume of sukuk issued by the end of the first quarter of 2013 reached US$34.2 billion, increasing 21.5% quarter-on-quarter, according to figures compiled by Kuwait Finance House (KFH) Research.

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