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Scholars look for way ahead after Goldman sukuk controversy

Controversy over attempts by conventional banks to issue sukuk remained the centre of attention in the Islamic finance market this week, with a 90 minute Shariah scholar panel discussion at an industry summit dominated by the topic of Goldman Sachs’s proposed $2bn programme.

  • 24 Feb 2012

The debate at Euromoney’s 11th Annual Islamic Finance Summit among eight of the industry’s leading Shariah experts followed reports (see EuroWeek 1242) that Abu Dhabi Islamic Bank (ADIB) had rejected Goldman’s deal as unacceptable for Islamic investment.

The panel included two of the scholars on ADIB’s Shariah board — ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Aug 2015
1 HSBC 9,624.51 46 6.67%
2 Natixis 8,394.32 47 5.81%
3 RBC Capital Markets 7,713.90 25 5.34%
4 UBS 7,707.02 46 5.34%
5 BNP Paribas 6,916.55 29 4.79%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 65,317.90 299 7.19%
2 Citi 61,310.66 313 6.75%
3 Goldman Sachs 55,828.88 246 6.14%
4 Bank of America Merrill Lynch 55,506.66 239 6.11%
5 Morgan Stanley 52,566.96 237 5.79%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Aug 2015
1 Goldman Sachs 15,913.78 39 7.75%
2 Deutsche Bank 15,495.14 58 7.55%
3 UBS 13,015.99 28 6.34%
4 SG Corporate & Investment Banking 11,006.37 32 5.36%
5 Credit Agricole CIB 10,200.23 29 4.97%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Aug 2015
1 Natixis 5,532.17 26 8.10%
2 BNP Paribas 5,093.51 19 7.45%
3 HSBC 4,849.58 20 7.10%
4 Commerzbank Group 3,873.90 18 5.67%
5 Credit Agricole CIB 3,701.66 16 5.42%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Aug 2015
1 Goldman Sachs 691.76 664 7.00%
2 JPMorgan 638.31 966 6.46%
3 Citi 604.81 972 6.12%
4 Morgan Stanley 580.19 1060 5.87%
5 Bank of America Merrill Lynch 560.29 963 5.67%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 25 Aug 2015
1 HSBC 6,580.15 14 5.06%
2 Deutsche Bank 5,813.49 20 4.47%
3 UBS 5,536.85 11 4.26%
4 BNP Paribas 5,047.07 14 3.88%
5 Credit Agricole CIB 4,884.74 6 3.75%