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.
Turkish participation bank Kuveyt Turk has set final pricing guidance ahead of issuing a five-year benchmark-sized sukuk later on Thursday, a document from lead arrangers showed.