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Fitch Ratings has affirmed the Islamic Development Bank's (IsDB) Long-term Issuer Default Rating (IDR) at 'AAA' with a Stable Outlook and its Short-term IDR at 'F1+'.

(Updates details)DUBAI, June 19 (Reuters) - Turkish participation bank Kuveyt Turk has launched a $500 million, five-year sukuk offer that will price later on Thursday, a document from lead arrangers showed.The transaction is set to a price at a spread of 340 basis points over mid-swaps, a document from lead managers said, at the tight end of final guidance of 350 bps plus or minus 10 bps given ea

Turkish participation bank Kuveyt Turk has launched a $500 million, five-year sukuk offer that will price later on Thursday, a document from lead arrangers showed.

Turkish participation bank Kuveyt Turk has launched a $500 million, five-year sukuk offer that will price later on Thursday, a document from lead arrangers showed.

The investment banking arm of Saudi Arabia's Al Rajhi Bank has received regulatory approval for its first mutual fund that will invest in sukuk (Islamic bonds), as demand for sharia-compliant debt rises in the Gulf's largest economy.

The investment banking arm of Saudi Arabia's Al Rajhi Bank has received regulatory approval for its first mutual fund that will invest in sukuk (Islamic bonds), as demand for sharia-compliant debt rises in the Gulf's largest economy.