Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Gulf investors 'will now look at every deal', whether sukuk or not
Demand from the Middle East for the sukuk was steady
Bond pricing for the mining company started about 43bp back of its parent
Sovereign wealth fund takes $2bn, as aimed at
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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. -
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.
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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.
