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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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The potential merger between Khaleeji Commercial Bank and Bank Al Khair, two Bahraini Islamic banks, is entering a crucial phase, as the valuation and due diligence analysis are expected to be completed soon.
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Warba Bank, a Kuwaiti Islamic bank, will formally list on the Kuwait Stock Exchange (KSE), the country’s stock exchange, on September 3.
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The National Bank of Ras Al Khaimah (Rakbank) has hired Peter England as the bank’s new CEO. He will replace Graham Honeybill, who retired after 17 years with the bank.
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Bank Negara, Malaysia’s central bank, has rejected BIMB Holdings’ sukuk proposal, as part of a financing effort to raise $884m (MR 2.9bn) to gain control of Bank Islam, the country’s oldest and largest Shariah-compliant bank.
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There is less than a week left to vote in this year’s IFIS poll of Islamic market excellence. After a strong response but also very close competition in several awards categories we have extended the deadline.
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Ithmaar Bank, a Bahraini retail Islamic bank, has appointed its general manager, Ahmed Abdul Rahim, as acting chief executive officer. He will start his new role on September 1.