Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Turkish oil and gas firm offers a pickup to its parent and most other CEEMEA sukuk
Where the company's deal prices relative to its parent will be the topic of investor roadshows
Benin showed Islamic issuance is a viable market for sub-Saharan African sovereigns
Investors are still showing big demand for the Dubai real estate firm's sukuk despite two sell-offs in a year
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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. -
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.
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Falah Capital, the only Islamic exchange traded fund (ETF) listed on the New York Stock Exchange, has outperformed broader US market indices in its first week weeks, the company’s chief executive told IFIS. The dearth of passively managed Islamic funds in the US stands in stark contrast to growing appetite for such products, and Falah Capital’s CEO is hoping to watch the fund grow in size several times by the end of the year.
