Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Strong performance of recent Gulf capital deals bodes well for the upcoming sale
Islamic Development Bank deal sold inside the curve
Books over $1.5bn at launch at a spread of 80bp over Treasuries
Gulf issuance will take a pause due to the Eid holiday next weekend, but June could be busy
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DIFC Investments — Dubai International Financial Centre’s investment arm — has set roadshow dates, beginning on Thursday, for its second ever benchmark sukuk sale. -
Islamic banks in the Gulf Co-operation Council states are suffering from a perception problem, according to a report from Price Waterhouse Coopers (PwC) published on Tuesday. The firm found that although the banks have huge potential, existing and likely customers often believe that Islamic banks are not true to Shariah values.
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The UK government is not intending to issue another sukuk but is trying to chivvy corporations into following its example, according to people who attended a private UK Treasury seminar held last week.
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The UK’s Chartered Institute of Public Finance and Accountancy (CIPFA) is looking into how local authorities and public bodies could use Islamic finance as a source of borrowing. Sukuk issuance is likely to prove overly complex, but mudaraba and murabaha loans could be a good match, a CIPFA official told IFIS.
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Fund and asset manager London Central Portfolio (LCP) will close its second ever shariah complaint residential mortgage fund at the end of November and its hoping to place up to a third of the £100m target with Muslim investors.
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Two Turkish financial institutions, Isbank and TSKB, braved the market this week with new issue premiums that edged lower than recent comparable deals, showing how the market has stabilised since Yapi Kredi printed its bond on October 15.
