Islamic Finance
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UAE’s third auction of Islamic treasury bonds in 2023 oversubscribed 5.5 times
The third auction of the UAE's dirham-denominated treasury sukuk for the year was oversubscribed by 5.5 times, receiving bids worth Dh6 billion ($1.63 billion), the Ministry of Finance said on Wednesday. The move comes as part of the government's Sharia-compliant treasury bonds programme for this year. The third auction also…
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