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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
  • 21 Oct 2014
1 Natixis 12,005.07 45 0.00%
2 BNP Paribas 11,290.05 40 0.00%
3 UniCredit 11,064.68 80 0.00%
4 HSBC 8,878.71 41 0.00%
5 Commerzbank Group 8,849.25 40 0.00%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Oct 2014
1 Bank of America Merrill Lynch 86,857.61 303 7.25%
2 JPMorgan 83,493.98 333 6.97%
3 Goldman Sachs 73,212.50 313 6.11%
4 Deutsche Bank 72,062.68 269 6.01%
5 Morgan Stanley 70,641.32 347 5.89%

Bookrunners of Dollar Denominated Covered Bond Above $1bn

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 21 Oct 2014
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
  • 21 Oct 2014
1 Deutsche Bank 29,444.29 79 8.92%
2 BNP Paribas 20,500.26 60 6.21%
3 Goldman Sachs 20,145.91 66 6.10%
4 Barclays 19,217.29 71 5.82%
5 Citi 17,872.54 68 5.41%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Oct 2014
1 BNP Paribas 8,089.51 26 8.42%
2 Natixis 7,730.73 25 8.05%
3 UniCredit 6,347.32 23 6.61%
4 Commerzbank Group 6,095.49 20 6.35%
5 Barclays 5,884.94 18 6.13%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Oct 2014
1 JPMorgan 1,130.25 1230 8.39%
2 Bank of America Merrill Lynch 890.02 1124 6.61%
3 Goldman Sachs 885.33 901 6.57%
4 Deutsche Bank 840.68 1141 6.24%
5 Citi 789.50 1139 5.86%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 21 Oct 2014
1 HSBC 10,466.40 20 12.00%
2 Deutsche Bank 7,370.24 22 8.45%
3 UBS 6,381.44 21 7.31%
4 BNP Paribas 5,705.15 19 6.54%
5 Bank of America Merrill Lynch 5,371.83 21 6.16%