Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
The country's curve has rallied since the US and Iran agreed on a peace MoU
Most of the demand came from local investors, as one banker expected
Price was 'way off' fair value, according to a source on the deal
Rare borrowers Burjeel Holdings and Avilease also marketing deals
More articles/Ad
More articles/Ad
More articles
-
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.
-
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.
-
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.
-
The proportion of Malaysian sukuk sold this year denominated in dollars is its highest in at least a decade, according to IFIS data. It is running at more than twice the average — for either year to date or end of year — of the last 10 years.
-
Qatari firm QInvest took over its sister company QIB UK’s Islamic finance portfolios this week, and is hoping to increase its asset management business to $500m assets under management in the next few years, on its way to matching its mid-size conventional rivals in size.
