Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
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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Natural gas company Dana Gas is hoping improvements in money collection and receivables will convince more holders of its convertible sukuk to exchange their bonds for equity. The company’s share price has fallen and yields on its sukuk risen in recent weeks as fighting between Islamic militants and Kurdish forces has intensified. But a better outlook from its Egyptian operations and a ruling from a London court ordering the Kurdish Regional Government of Iraq to resume payments should help reassure investors, the company said. -
Pakistan will need stronger underwriting standards to address the risks stemming from sharp growth in its Islamic banking industry, according to Moody’s. The country’s Islamic banks boast higher quality assets than their conventional peers, but stricter regulation is needed if this is to remain the case.
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Saudi Arabian conglomerate Astra Industrial has signed a SR887.5m ($234m) Shariah-compliant financing facility with The Saudi British Bank (SABB), its second ever Islamic loan according to the IFIS database.
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Islamic finance specialists welcomed a joint initiative from Bahraini Islamic bank Al Baraka and the World Bank to research the risk-management challenges facing Islamic banks. Islamic institutions such as the Organisation of Islamic Cooperation and the Islamic Development Bank have not done enough to promote research into risk management in Islamic finance, and the new initiative was a firm step in the right direction, said one.
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CIMB Islamic Bank has donated MR1m ($312,592) to Mercy Malaysia, a non-governmental organisation that is providing humanitarian relief to Gaza.
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Ghulum Muhammed took over from Saleem Ullah as State Bank of Pakistan’s director of Islamic banking this week
