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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
  • 24 Feb 2015
1 Barclays 3,248.30 16 7.64%
2 Natixis 2,824.44 16 6.64%
3 HSBC 2,641.21 12 6.21%
4 BNP Paribas 2,476.22 11 5.82%
5 Commerzbank Group 2,430.29 11 5.72%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 Feb 2015
1 JPMorgan 113,682.66 452 0.00%
2 Bank of America Merrill Lynch 106,794.81 409 0.00%
3 Citi 104,403.84 493 0.00%
4 Goldman Sachs 102,392.18 436 0.00%
5 Morgan Stanley 101,320.07 493 0.00%

Bookrunners of Dollar Denominated Covered Bond Above $1bn

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 24 Feb 2015
1 UBS 590.25 1 0.00%
1 RBC Capital Markets 590.25 1 0.00%
1 Goldman Sachs 590.25 1 0.00%
1 UBS 590.25 1 33.33%
1 RBC Capital Markets 590.25 1 33.33%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Feb 2015
1 Deutsche Bank 7,287.46 20 5.30%
2 Goldman Sachs 6,804.09 15 4.95%
3 SG Corporate & Investment Banking 5,814.67 13 4.23%
4 Credit Agricole CIB 5,201.56 11 3.78%
5 BNP Paribas 4,800.11 8 3.49%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Feb 2015
1 BNP Paribas 2,218.30 8 9.58%
2 HSBC 2,002.50 8 8.65%
3 Natixis 1,960.01 9 8.47%
4 Commerzbank Group 1,794.02 7 7.75%
5 Barclays 1,567.50 6 6.77%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 Feb 2015
1 Goldman Sachs 169.10 128 8.53%
2 JPMorgan 154.30 161 7.78%
3 Morgan Stanley 142.54 189 7.19%
4 Citi 107.57 157 5.43%
5 UBS 98.97 90 4.99%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 24 Feb 2015
1 UBS 3,578.91 2 23.03%
2 Deutsche Bank 2,034.58 4 13.09%
3 SG Corporate & Investment Banking 1,773.51 4 11.41%
4 BNP Paribas 1,755.03 3 11.29%
5 JPMorgan 1,048.58 5 6.75%