Islamic Finance
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Emirates REIT closes $380mln sukuk issuance at 9.5% profit rate
Emirates REIT, a sharia-compliant real estate investment trust, has closed a $380 million sukuk issuance to refinance the $400 million sukuk issued in 2017. More than 88% of the existing certificate holders participated in the consent solicitation, with more than 99% voting in favor of the proposed refinancing, Equitativa (Dubai)…
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