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HSBC postpones Sukuk launch
- Middle East: Thursday, September 10 - 2009 at 09:47
HSBC bank has postponed the launch of its first fund investing in Shariah-compliant Sukuk, after investors were put off by a four-year lock-up period, the Gulf Daily News has reported. 'We decided to take some time to redesign the product based on feedback during the marketing phase,' an HSBC spokesperson has said. HSBC Amanah, the group's Islamic unit, had planned to launch the fund in the summer.
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StaffThursday, September 10 - 2009 at 09:47 UAE local time (GMT+4)
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