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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
  • 30 Jun 2015
1 Natixis 7,215.80 41 6.22%
2 RBC Capital Markets 6,452.35 20 5.56%
3 HSBC 6,359.64 32 5.48%
4 UBS 6,040.49 35 5.21%
5 BNP Paribas 5,931.63 25 5.12%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Jun 2015
1 JPMorgan 53,618.81 232 7.24%
2 Citi 50,052.54 251 6.76%
3 Goldman Sachs 46,278.19 195 6.25%
4 Bank of America Merrill Lynch 45,644.75 191 6.17%
5 Morgan Stanley 42,981.75 190 5.81%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Jun 2015
1 Deutsche Bank 14,358.03 48 7.96%
2 UBS 12,880.61 27 7.14%
3 Goldman Sachs 12,391.16 32 6.87%
4 Credit Agricole CIB 9,053.81 24 5.02%
5 BNP Paribas 8,893.47 28 4.93%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Jun 2015
1 Natixis 4,491.06 21 8.32%
2 BNP Paribas 4,381.40 16 8.12%
3 HSBC 3,409.93 15 6.32%
4 Credit Agricole CIB 3,153.33 14 5.84%
5 Commerzbank Group 2,806.43 13 5.20%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Jun 2015
1 Goldman Sachs 574.23 518 7.29%
2 JPMorgan 513.94 776 6.53%
3 Citi 463.97 768 5.89%
4 Morgan Stanley 452.23 839 5.74%
5 Bank of America Merrill Lynch 436.45 734 5.54%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 30 Jun 2015
1 Deutsche Bank 5,643.62 17 11.20%
2 UBS 5,331.98 9 10.58%
3 HSBC 5,053.63 10 10.03%
4 Credit Agricole CIB 4,884.74 6 9.70%
5 BNP Paribas 3,486.09 11 6.92%