Islamic Finance

  • Flurry of Uzbek corps set to debut, diversification on horizon

    Flurry of Uzbek corps set to debut, diversification on horizon

    Diversification has taken hold in central Asia's Uzbekistan, which over the last two years has started its pivot towards international capital markets. According to sources, a plethora of debut deals is expected to hit markets in coming months.

  • Egypt steams on with diversification as sukuk debut approaches

    Egypt steams on with diversification as sukuk debut approaches

    Egypt, which has already entered international debt markets twice this year, is on its way to debuting in the sukuk market following cabinet approval for an Islamic financing bill. The sovereign raised its debut syndicated loan in September that included an Islamic tranche, which bankers said was a fitting prelude to a sukuk.

  • Sharjah breaks EM FIG silence

    Sharjah breaks EM FIG silence

    Sharjah Islamic Bank’s sukuk trade on Tuesday showed that emerging market bond investors are eager to buy the right FIG paper, which has been lacking from recent new issuance.

  • Indonesia brings back green sukuk

    Indonesia brings back green sukuk

    The Republic of Indonesia rolled out its annual Islamic finance transaction on Tuesday, taking $2.5bn from a three-tranche sukuk. The sheer strength of investor interest surprised the bankers on the bond, leading to a hefty 70bp tightening and a deal that offered negative new issue premium.

Islamic Finance News Archive