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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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. -
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
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Bassel Nadim, managing director of Tanmia Capital, spoke to IFIS about the outlook for SME financing, how best to regulate Shariah supervisory boards and the importance of integrated accounting standards for Islamic banking.
