Islamic Finance

Issuers face higher borrowing costs as they try to raise debt before US Federal Reserve rates rises

The Islamic loan market has been slow to move from Libor but momentum is building towards the adoption of new rates

Result shows EM demand for quality strong in spite of volatility

Dollar sukuk issuance volume hits record high thanks to bumper sovereign and quasi-sovereign deals

Kuveyt Turk Bank is seeking to enter the sukuk market, which has attracted a number of borrowers in recent months

Bahrain-headquartered bank the latest emerging market issuer to enter the increasingly busy sukuk market

A market that has in previous years promised much but delivered little seems finally to be growing thanks to sovereign issuance

A major capital markets body published its final standard for using term Sonia reference rates on Wednesday, as the remaining pieces of the Libor transition puzzle fall into place before most pairings for the benchmark end on December 31.

Turkey has re-entered the debt capital markets with the intention of selling a Sharia-compliant bond, a sukuk. The proposed deal, which some say could come at a premium, was announced just days after Saudi Aramco achieved an enormous order book on its debut sukuk.