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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
  • 27 Jan 2015
1 Barclays 2,565.40 11 0.00%
2 Commerzbank Group 2,262.31 10 0.00%
3 Natixis 2,091.88 11 0.00%
4 HSBC 1,707.40 7 0.00%
5 BNP Paribas 1,544.82 7 0.00%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Jan 2015
1 JPMorgan 9,602.38 20 0.00%
2 Goldman Sachs 6,288.30 20 0.00%
3 Credit Agricole CIB 5,616.74 13 0.00%
4 Citi 5,074.12 23 0.00%
5 Deutsche Bank 4,268.16 18 0.00%

Bookrunners of Dollar Denominated Covered Bond Above $1bn

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 27 Jan 2015
1 Citi 1,499.34 5 21.48%
2 RBC Capital Markets 1,206.44 4 17.28%
3 TD Securities Inc 977.84 3 14.01%
4 HSBC 673.33 3 9.65%
4 Bank of America Merrill Lynch 673.33 3 9.65%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Jan 2015
1 Goldman Sachs 5,728.66 11 12.30%
2 Credit Agricole CIB 4,878.36 9 10.47%
3 Deutsche Bank 3,610.59 10 7.75%
4 Citi 3,213.18 8 6.90%
5 SG Corporate & Investment Banking 3,065.13 6 6.58%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Jan 2015
1 Commerzbank Group 1,626.04 6 9.91%
2 Natixis 1,565.96 7 9.54%
3 BNP Paribas 1,485.66 6 9.05%
4 HSBC 1,331.25 5 8.11%
5 Barclays 1,175.79 4 7.16%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Jan 2015
1 Goldman Sachs 93.39 58 9.42%
2 JPMorgan 82.19 75 8.29%
3 Morgan Stanley 62.51 76 6.30%
4 Barclays 50.95 73 5.14%
5 Citi 50.75 67 5.12%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 27 Jan 2015
1 Credit Agricole CIB 999.76 1 35.03%
2 Rabobank 375.00 1 13.14%
2 Morgan Stanley 375.00 1 13.14%
2 JPMorgan 375.00 1 13.14%
2 Credit Suisse 375.00 1 13.14%