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
More articles/Ad
More articles/Ad
More articles
-
With the sukuk market grinding into gear in the first two months of the year, BNP Paribas has emerged as an early top five IFIS global sukuk league table arranger – a surprise given it did not even feature in the top 20 arrangers last year. Meanwhile, last year’s third most active arranger, Maybank, has slipped to tenth place. -
February saw a 14% fall in sukuk volume from the same period last year and a 28% decline from January. The month witnessed only 46 sukuk, compared to 78 sukuk in January, with a total value of $7.45bn.
-
The Dubai Multi Commodity Centre Brokerage has partnered up with an interdealer broker for the first time to jointly market commodity murabaha (Islamic financings) on its DMCC Tradeflow platform.
-
Bankers worried about a dollar sukuk issuance backlog mounting up towards the end of the year are pushing issuers to accelerate their plans and come to market sooner.
-
Bahrain’s central bank Waqf Fund is to form a committee to oversee external Shariah auditing of Islamic banks and financial institutions – an initiative that authorities hope will reposition the Kingdom as a hub for Islamic finance.
-
The dollar sukuk market has seen three issues so far this year, with three great results capped off by the Islamic Development Bank boldly entering new territory with an unprecedented $1.5bn last Thursday. But while each of these deals has stirred Islamic finance professionals to proclaim the growing profile and pools of capital for the asset class, the market is yet to see a true test of demand.
