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Tamweel delays asset-backed sukuk sale

Islamic mortgage lender Tamweel, a unit of Dubai Islamic Bank, has decided to delay the sale of a $235m Shari'ah-compliant asset-backed securitisation after taking feedback from the market, Reuters has reported. "Tamweel has decided not to proceed with the residential mortgage-backed securities (RMBS) at this time based on market feedback," the firm said.