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Near $1bn attrition from an order book on Tuesday shows buyers have limits
Another Dubai real estate firm priced fresh sukuk well inside its curve
After a very busy period since June began, the pipeline has thinned out
Another Saudi lender is preparing a senior debut
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Malaysia’s largest takaful operator, Etiqa Takaful, has issued a MR300m ($93.2m) debut subordinated sukuk – the first of its kind from an Islamic insurance provider.
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Khaled Al Faikh has left his job as secretary general of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI).
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By Mahinaz El Aasser
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Musharaka is the Arabic word for sharing, or participation. Within the Islamic finance sector it means an equity participation. This is defined as a partnership in which partners invest capital and effort to support their business. A partner is referred to as a musharik.
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Morocco plans to finalise its Islamic banking bill by September, after presenting an overdue draft law to the lower house of its parliament on Wednesday.
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Saudi Arabian energy and telecoms transmission manufacturer Al-Babtain has signed a SR200m ($53.3m) Shariah-compliant financing facility with Saudi Hollandi Bank.