Islamic Finance

  • Corporates roar but prospect of beating 2009 record distant

    Corporates roar but prospect of beating 2009 record distant

    The primary corporate bond market in Europe threw up another blistering day on Wednesday, with seven issuers on screens by mid-morning, bringing the number of deals so far this week to 18, though bond syndicate desks are hesitant to compare this crisis market with the record-breaking issuance in 2009.

  • Dar Al Arkan taps long dated bid to reach 7y

    Dar Al Arkan taps long dated bid to reach 7y

    Dar Al Arkan Real Estate Development Company moved beyond the usual five year tenor it normally issues at on Wednesday, making the most of investors’ willingness to take on longer maturity paper.

  • Dar Al-Arkan returns for sukuk

    Dar Al-Arkan returns for sukuk

    Saudi Arabia's Dar Al-Arkan Real Estate Development Company will issue its second sukuk in four months as it embarked upon a roadshow on Monday for a seven year Reg S dollar deal.

  • UK launches tender for second sukuk syndicate

    UK launches tender for second sukuk syndicate

    The UK Debt Management Office and the UK Treasury have launched an invitation to tender for the appointment of syndicate banks to run the sovereign’s second sukuk, which is being planned for this year.

  • GFH targets $300m five year

    GFH targets $300m five year

    Bahraini investment group Gulf Finance House is targeting a $300m five year issue for its debut international sukuk.

  • QIB launches first Formosa sukuk

    QIB launches first Formosa sukuk

    Qatar Islamic Bank this week printed the Gulf region’s first Formosa sukuk, as issuers there stepped up their use of increasingly attractive Asian debt markets.

  • FAB launches fast $500m five year sukuk

    FAB launches fast $500m five year sukuk

    First Abu Dhabi Bank printed a quick $500m five year Reg S sukuk on Tuesday morning in London. Because the deal was driven by reverse enquiry, leads started the execution process by announcing final guidance.

Islamic Finance News Archive