Middle East Bonds

The Sultanate of Oman has picked banks for a local currency sukuk debut, as the country’s Capital Markets Authority awaits feedback on draft legislation for Islamic bond issuance.

The Sultanate of Oman has picked banks for a local currency sukuk debut, as the country’s Capital Markets Authority awaits feedback on draft legislation for Islamic bond issuance.

Makram Abboud is VTB Capital's chief executive officer, Middle East and Africa and vice-chairman, international. Dan Alderson spoke to him about how the bank is carving out its niche in these regions, which have become a focus for Western banks with the shut out of the Russian loan market in 2014. Abboud also discussed challenges and opportunities in the year ahead and the prospect of VTB issuing its first sukuk.

The Sultanate of Oman has picked banks for a local currency sukuk debut, as the country’s Capital Markets Authority awaits feedback on draft legislation for Islamic bond issuance.

The Bahraini government’s latest issue of Islamic bonds was 3.85 times subscribed, according to a statement released on Monday.

Abu Dhabi Commercial Bank found demand for a $50m callable zero, its third such trade of the year.

The recent debut sukuk by the International Finance Facility for Immunisation (IFFIm) has rightly been hailed as a breakthrough for the Islamic finance market. Questions about the small order book are misplaced – the deal was a remarkable result.

The recent debut sukuk by the International Finance Facility for Immunisation (IFFIm) has rightly been hailed as a breakthrough for the Islamic finance market. Questions about the small order book are misplaced – the deal was a remarkable result.

Global Islamic banking profits could triple over the next five years, according to a report by Ernst & Young published this week.

HSBC is to see a senior departure from its loans business in the United Arab Emirates.

A triumphant sovereign return, and an innovative socially responsible deal helped the sukuk market smash through its previous record year for issuance volumes. Unusual but impressive trades from Pakistan and the International Finance Facility for Immunisation (IFFIm) helped the growing asset class beat its previous annual dollar issuance record set in 2012 and put the gloss on a burgeoning fourth quarter run of deals.

A triumphant sovereign return, and an innovative socially responsible deal helped the sukuk market smash through its previous record year for issuance volumes. Unusual but impressive trades from Pakistan and the International Finance Facility for Immunisation (IFFIm) helped the growing asset class beat its previous annual dollar issuance record set in 2012 and put the gloss on a burgeoning fourth quarter run of deals.