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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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Noor Takaful’s founding chief executive officer Parvaiz Siddiq has left the company.
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Al Rajhi Malaysia, the subsidiary of the Saudi Arabia bank, has appointed Tariq Siddiqui as director of corporate and investment banking.
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The Republic of Indonesia has sold just under Rp1.6tr ($130.7m) of sukuk in its first auction of the year.
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Libya’s first ever Shariah-compliant real estate investment fund is set to be launched after receiving its license from the central bank.
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Saudi Electricity Co (SEC) returned to the sukuk market earlier than expected on Saturday, printing Sr4.5bn ($1.2bn) with its first floating rate Islamic deal.
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The United Kingdom appears to have conceded defeat to tiny Luxembourg in the race to issue Europe’s first sovereign sukuk, Islamic finance practitioners said this week after it emerged that the UK deal is unlikely before October, writes Dan Alderson.