Islamic Finance
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Oman Real Estate Developer Sells Country’s 1st Sukuk
Omani real estate developer Tilal Development Co has sold the country’s first Islamic bond a 50mn rial sukuk that could pave the way for similar issues by other companies in the sultanate. Tilal’s five-year sukuk, offering a profit rate of 5% and based on an ijara structure, a leasing arrangement…
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Click here to read the full story: Gulf Times