World's first Basel III Tier 1 Sukuk may boost supply -- Fitch

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Tuesday 13, November 2012 by Robin Amlôt

World's first Basel III Tier 1 Sukuk may boost supply -- Fitch

More banks in the United Arab Emirates are likely to issue Basel III-compliant bonds after the launch of the world's first hybrid Tier 1 Sukuk from Abu Dhabi Islamic Bank (ADIB), Fitch Ratings said.

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