Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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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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Kuwaiti mobile operator is to sell 15% of its holding in its subsidiary Zain Bahrain as the company is set to launch Bahrain’s first IPO since 2010 next month.
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Islamic finance specialist Sufian Bataineh has left Luxembourg law firm OPF Partners.
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The Bahrain Institute of Banking and Finance has signed a memorandum of understanding with the University of Bolton to develop an MBA in Islamic banking.
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The deputy chairman of Bank Asya — formerly Turkey’s largest Islamic financial institution — has resigned, just days after Turkey’s prime minister publically criticised the bank’s financial position. Turkish analysts are expecting Bank Asya to continue losing deposits and senior management in the months ahead, and one believes an eventual acquisition by a state-owned bank looking to break into the Islamic market is likely. -
The European Islamic Investment Bank has launched a tender offer to buy back up to £20m of its shares — representing around 21% of the company’s share capital — at a chunky premium to where they were trading. But this is because the bank has priced the deal off its book value rather than the market value, and hopes to narrow the gap between the two, said an EIIB official.
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Egypt has signed a $25m Shariah-compliant financing facility with the Islamic Development Bank (IsDB) to develop vocational training centres to help address the country’s high level of youth unemployment.
