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Near $1bn attrition from an order book on Tuesday shows buyers have limits
Another Dubai real estate firm priced fresh sukuk well inside its curve
After a very busy period since June began, the pipeline has thinned out
Another Saudi lender is preparing a senior debut
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Indonesia is planning investor meetings ahead of its new sukuk deal likely to be launched in September, said Indonesian treasury officials and bankers on the deal. The political backdrop has calmed down after Joko 'Jokowi' Widodo’s election as President in July and Indonesia spreads still historically tight, said investors. But the sovereign’s conventional spreads have widened some 20bp in the last few trading sessions and its previous dollar sukuk is trading well back of its conventional curve. -
CIMB is set to create Malaysia’s largest bank through a three way merger with RHB Capital and Malaysian Building Society. The institution could become a Southeast Asian giant, provided it can take full advantage of the synergies it needs to conduct.
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Turkey’s Islamic banks will have three state owned rivals rather than the two analysts had been expecting, according to statements from Turkey’s deputy prime minister this week. A state-owned trio with Islamic operations would inevitably cut into the existing Islamic banks’ market share, but some of Turkey’s Islamic banking practitioners managed to find a silver lining to the impending competition.
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Authorities in Pakistan’s north west region of Khyber Pakhtunkhwa have pledged Pr1bn ($10m) to a Shariah-compliant microfinance scheme for local entrepreneurs.
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Tajikistan’s parliament has ratified its Islamic banking law, according to an official at the National Bank of Tajikistan, the country’s central bank.
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Qatar has raised the upper limit for foreign investors in the country's stocks, making it the latest state in the Gulf to try and encourage international investment.
