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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Saudi Arabian firm Umm Al-Qura Cement Co has signed its first ever Shariah-compliant financing facility, a SR618.8m ($165m) three year deal with Saudi British Bank. -
Islamic bankers don’t need new excuses to travel to the world’s sunnier climes, but meetings in Mauritius next to its pristine coral sand beaches could soon become a feature of the market – and not just for obvious reasons.
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Abu Dhabi Islamic Bank plans to convert Barclays’ United Arab Emirates retail banking business by the end of this year and has seen its own net profit jump 22.5% in the second quarter, to Dh454.8m ($123.8m).
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The Central Bank of Bahrain has sold BD36m ($95.4m) of its monthly sukuk salam with fewer orders than last month’s issue.
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Alizz Islamic Bank has promoted its chief financial officer, Saif Al Yarabi, to general manager and chief operating officer. The appointment comes amid various hires to the firm.
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Senegal has closed and priced its debut XOF100bn ($200.5m) four-year sukuk with a 6.25% profit rate, the first medium term Islamic bond offering out of Africa of 2014 and the first Sub-Saharan sovereign sukuk ever apart from Nigeria's State of Osun last year.
