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Emerging Markets - Islamic Finance

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  • Noor Bank brings new name to starved sukuk market

    Noor Bank broadened the Islamic bond market on Tuesday, offering investors a fresh new name although not a particularly appealing one.

    • 21 Apr 2015
  • Malaysia returns with revolutionary wakala

    Malaysia has cemented its return to the dollar debt market with a $1.5bn wakala that had investors scrambling for more. The country’s novelty value blew away any concerns surrounding its fiscal health and it managed to raise funds in style, with the inclusion of a new class of intangible asset in the asset pool — a first for a sovereign.

    • 16 Apr 2015

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  • After sukuk debut, Noor Bank plans to increase wholesale funding

    Having taken its first taste of international sukuk this week, Dubai's Noor Bank plans to fund 10%-15% of its balance sheet through Islamic loans and bonds.

    • 24 Apr 2015
  • Innovation to the fore in year of firsts for Asian Islamic finance

    Judging by the deals that took place in Asia over the last year, innovation is alive and well in Islamic finance, even in an industry that appears increasingly commoditised. Transactions in the region showed new structures, new currencies and new underlying assets, as Chris Wright reports.

    • 24 Apr 2015
  • Asiamoney Asian Islamic Banking Awards

    The last year has seen landmark capital market deals in the Islamic banking sector. And away from individual transactions, banking assets have continued to grow, alongside the number of customers taking advantage of the products on offer. Here we present our picks for the best Islamic banking franchises in Asia. By Chris Wright.

    • 24 Apr 2015
  • Noor Bank USD500m 2.788% Apr 20

    • 23 Apr 2015
  • Noor plans repeat sales after sukuk debut

    Dubai-based Noor Bank sold a $500m debut sukuk on Wednesday, marking the first of what should be regular visits to the international sukuk market.

    • 23 Apr 2015
  • Noor Bank plans repeat sales after sukuk debut

    Noor Bank sold a $500m debut sukuk on Wednesday, marking the first of what should be regular visits to the international sukuk market.

    • 22 Apr 2015
  • Noor Bank brings new name to starved sukuk market

    Noor Bank broadened the Islamic bond market on Tuesday, offering investors a fresh new name although not a particularly appealing one.

    • 21 Apr 2015
  • Noor Bank embarks on roadshow for debut sukuk

    Dubai’s Noor Bank has mandated eight banks to arrange its debut benchmark dollar sukuk and has set roadshow dates.

    • 16 Apr 2015
  • Malaysia returns with revolutionary wakala

    Malaysia has cemented its return to the dollar debt market with a $1.5bn wakala that had investors scrambling for more. The country’s novelty value blew away any concerns surrounding its fiscal health and it managed to raise funds in style, with the inclusion of a new class of intangible asset in the asset pool — a first for a sovereign.

    • 16 Apr 2015
  • Noor Bank roadshows debut sukuk

    Dubai’s Noor Bank has mandated eight banks to arrange its debut benchmark dollar sukuk and has set roadshow dates.

    • 14 Apr 2015
  • Alizz Islamic opens new branch in Oman expansion

    Omani lender Alizz Islamic Bank has opened its sixth branch in Al Wattayaya, furthering its expansion in the country.

    • 13 Apr 2015
  • Sukuk holds in strong despite volatility as diversity of paper grows, says BLME

    US dollar strength, geopolitical tension and a lower oil price have caused volatility in the global financial markets in the last few months, but substantial fiscal surpluses in the Gulf and a broader range of sukuk available to investors has helped stability in the sukuk market, said Jason Kabel, head of fixed income at Bank of London and The Middle East (BLME) in his sukuk outlook 2015 analysis published on Monday.

    • 13 Apr 2015
  • Russia moves down road to first Islamic lender

    Tatarstan’s government and a Russian-Malaysian consortium have signed an agreement on a feasibility study into launching Russia’s first Islamic bank.

    • 10 Apr 2015
  • UK equity fund targets post-sanctions Iran

    UK asset manager Charlemagne Capital (CC) is setting up its first fund to provide international investors with a platform to invest in Iran, Dominic Bokor-Ingram, an investment advisor at Charlemagne Capital told IFIS.

    • 09 Apr 2015
  • i-VCAP launches new Shariah ETF

    Malaysian firm i-VCAP Management has launched a new Islamic exchange traded fund (ETF).

    • 08 Apr 2015
  • AmIslamic brings in new CEO

    AmIslamic Bank (AmIslamic), the Islamic banking arm of Malaysia’s AmBank Group, has hired Eqhwan Muhammad as its new chief executive, the bank said on Wednesday.

    • 08 Apr 2015
  • Pakistan’s SECP lays out Islamic finance roadmap

    The Securities and Exchange Commission of Pakistan (SECP) has devised a roadmap for restructuring and reorganising the country’s Islamic capital market.

    • 07 Apr 2015
  • Pakistan’s SECP lays out Islamic finance roadmap

    The Securities and Exchange Commission of Pakistan (SECP) has devised a roadmap for restructuring and reorganising the country’s Islamic capital market.

    • 07 Apr 2015
  • Taliworks turns to sukuk

    Malaysian company Taliworks, which focusses mainly on water treatment, supply and distribution, has received approval to issue its first ever sukuk.

    • 07 Apr 2015
  • MSG taps the sukuk market

    Malaysian real estate developer Mah Sing Group (MSG) has sold an RM540m ($145.53m) perpetual sukuk musharakah, according to a statement from the lender.

    • 01 Apr 2015
  • Ooredoo agrees $500m Islamic loan with banks

    Ooredoo, formerly known as Qatar Telecom, is wrapping up a $500m Shariah-compliant five year revolving credit facility, say bankers involved in the deal.

    • 01 Apr 2015
  • Cititower inks Islamic loan

    Cititower, a joint venture construction project between Malaysian KLCC Group and Qatari-owned QD Asia Pacific, has signed a 20 year RM3.2bn ($862.4m) Islamic loan

    • 01 Apr 2015
  • Bahrain’s central bank offers Islamic lenders liquidity solution

    Central Bank of Bahrain has launched a new wakala instrument, aimed at absorbing excess liquidity among local Islamic banks, an official at the central bank told IFIS.

    • 01 Apr 2015
  • NBAD in front with HSBC in pursuit

    National Bank of Abu Dhabi tops the international sukuk league table at the end of the first quarter, following the third biggest month ever for issuance, but less than $100m separates the top four banks.

    • 31 Mar 2015
  • Aschi takes FI spot at Citi

    Narjess Aschi has been appointed Citi’s new head of financial institutions corporate banking for the Middle East and North Africa.

    • 31 Mar 2015

More Emerging Markets - Islamic Finance

Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 16,961.93 95 11.21%
2 Citi 13,985.93 70 9.24%
3 Deutsche Bank 11,697.06 60 7.73%
4 Morgan Stanley 10,719.20 41 7.08%
5 Bank of America Merrill Lynch 9,738.55 45 6.44%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Apr 2015
1 Morgan Stanley 5,282.86 11 15.60%
2 HSBC 4,667.97 12 13.79%
3 Deutsche Bank 3,569.22 9 10.54%
4 Bank of America Merrill Lynch 3,286.42 8 9.71%
5 Citi 3,273.75 11 9.67%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Apr 2015
1 Citi 4,282.26 22 6.14%
2 SG Corporate & Investment Banking 2,969.53 10 4.26%
3 HSBC 2,894.36 14 4.15%
4 JPMorgan 2,429.19 10 3.48%
5 Barclays 2,414.37 8 3.46%

EMEA M&A Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Apr 2015
1 Goldman Sachs 182.98 55 11.31%
2 Lazard 121.92 49 7.54%
3 JPMorgan 110.15 35 6.81%
4 Bank of America Merrill Lynch 110.04 39 6.80%
5 Citi 105.89 38 6.55%

Bookrunners of Central and Eastern Europe: Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Apr 2015
1 BNP Paribas 330.67 2 9.81%
2 Deutsche Bank 242.09 2 7.18%
3 SG Corporate & Investment Banking 236.04 3 7.00%
4 Natixis 198.92 2 5.90%
4 ING 198.92 2 5.90%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 15 Apr 2015
1 AXIS Bank 1,988.55 43 5.30%
2 Trust Investment Advisors 1,393.56 39 3.72%
3 ICICI Bank 1,173.87 27 3.13%
4 Barclays 1,059.44 17 2.82%
5 Standard Chartered Bank 715.99 13 1.91%