Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Trade was the largest so far from the Dubai property developer
Turkish oil and gas firm offers a pickup to its parent and most other CEEMEA sukuk
Where the company's deal prices relative to its parent will be the topic of investor roadshows
Benin showed Islamic issuance is a viable market for sub-Saharan African sovereigns
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Tiny Luxembourg is looking to elbow the United Kingdom aside in the race to become the first European sovereign to issue sukuk debt. Despite its larger rival’s bid to be the foremost Western centre for Islamic finance and local bank buyers, the grand duchy has already introduced a bill to bring up to €200m of Shariah-compliant notes in euros or dollars. -
Malaysian construction firm IJM plans to establish an MR3bn ($971m) murabaha sukuk programme.
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Trowers & Hamlins has hired Elias Moubarak as a senior associate in the banking and finance department at the firm’s Dubai office.
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Albaraka Turk plans to issue $300m to $400m of sukuk this year – up to twice the amount it previously indicated.
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Special situations investment company Sapinda has obtained a €25m murabaha facility for its subsidiary Kore Coal Finance - the first ever Islamic deal for a Netherlands based company, according to IFIS records.
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The Luxembourg government’s introduction of a sukuk bill has raised the possibility that it might stump the United Kingdom’s bid to issue the first European sovereign Islamic paper. But rather than causing alarm among UK Islamic finance practitioners, this competition for the limelight should be celebrated as a win-win for the market.
