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
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Islamic finance is set to take off in Oman. The country’s ruler Sultan Qaboos bin Said Al Said first authorised the establishment of Islamic banking in May 2011 following popular demand. IFIS spoke to Hamood Al Zadjali, executive president of the Central Bank of Oman, to discuss the development of Islamic finance in the Sultanate and the CBO’s expectations and future plans for Islamic banking. -
The Arabian Company for Water and Power Development has signed a SR1.775bn ($475m) five year revolving corporate facility, structured on a fully Shariah compliant commodity murabaha basis. The facility serves as a bridge to the sukuk program the company plans to launch in 2014.
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Saudi Hollandi Bank has issued Sr2.5bn ($666.6m) of tier two sukuk.
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The Philippine Stock Exchange (PSE) has joined IdealRatings to screen listed companies on the PSE for Shariah compliance.
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The Islamic Bank of Britain completed its first deal in Scotland for Al-Meezan, a non-profit, non-political organisation based in Glasgow.
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Turkish Islamic bank Kuveyt Turk is planning to sign its murabaha facility next week. The syndicated loan will consist of two tranches — a one year deal paying 205bp all-in and a two year note paying 250bp all-in.
