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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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Oman’s Bank Sohar has opened a Sohar Islamic branch (part of its Islamic banking business) in the Sultanate’s second largest city, Salalah.
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Malaysian banking group RHB has hired Ibrahim Hassan as the new head of the group’s Islamic division.
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Malaysia’s central bank, Bank Negara and the Hong Kong Monetary Authority (HKMA), have agreed to further ties to develop Islamic finance in Hong Kong.
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Turkish Islamic bank Al Baraka Turk is due to sign its $250m murabaha facility within the first two weeks of September. Syndication for the deal closes on August 29.
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Three Egyptian banks are set to complete Egypt’s largest Shariah-compliant financing facility to the Egyptian Steel Company for E£1.7bn ($243m).
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Saudi cement company the Northern Region Cement Company (NRCC) has signed a renewal of its existing murabaha facility with Arab National Bank. The deal is worth Sr200m ($53.3m).