Islamic Finance

  • Consolidation frenzy among Gulf banks rages on as Bahrain’s NBB bids for BIsB

    Consolidation frenzy among Gulf banks rages on as Bahrain’s NBB bids for BIsB

    National Bank of Bahrain has made a bid to buy a majority stake in Bahrain Islamic Bank, of which it already owns 29%. The move is the latest in a seemingly endless round of consolidation between Gulf banks, driven by the effort to become more competitive in what many have called an oversaturated banking market.

  • Sukuk deals flow but Dubai's Averda struggles

    Sukuk deals flow but Dubai's Averda struggles

    Qatar International Islamic Bank mandated banks on Wednesday for an AT1 sukuk, one day after Masraf al Rayan (MAR), another Qatari Islamic bank, had achieved tight pricing on its senior unsecured offering in the format. But another Middle Eastern deal, in Reg S/144A format, was pulled this week.

  • Aldar hunting dollar sukuk

    Aldar hunting dollar sukuk

    Aldar Investment Properties hit screens on Tuesday to announce a roadshow for a 10 year sukuk deal.

  • Dar Al-Arkan hits the road for sukuk

    Dar Al-Arkan hits the road for sukuk

    Dar Al-Arkan Real Estate Development Company has mandated eight banks to arrange a long five year Reg S benchmark sukuk and is starting the roadshow for the deal on Thursday.

  • UK seeks second sukuk syndicate

    UK seeks second sukuk syndicate

    The UK Treasury has started the search for the banks that will structure its second sukuk, planned for early next year.

  • Early 2020 for next UK sukuk

    Early 2020 for next UK sukuk

    The UK is preparing to launch its second sukuk in early 2020, said city minister John Glen on Wednesday in a speech at an Islamic Finance Week event held at Mansion House.

  • ESIC lines up dollar sukuk debut

    ESIC lines up dollar sukuk debut

    The Middle East is regaining its position as the core source of emerging markets issuance after a brief lull in June. Emirates Strategic Investments Company (ESIC) has announced a roadshow for its first dollar sukuk.

Islamic Finance News Archive