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Tamweel postpones sukuk

Thu, 2012-07-05 16:18 — newsdesk

Tamweel took the decision to delay the sale of a $235 million Shariah-compliant asset-backed securitisation after receiving feedback from the market. It seems that the deal structure was too complex by regional standards, which has only ever seen one previous Islamic asset-backed transaction.
Lead managers on the deal were: Abu Dhabi Commercial Bank, UBS and Emirates NBD.

Source: 

http://www.emirates247.com/business/economy-finance/tamweel-postpones-su...