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The country's curve has rallied since the US and Iran agreed on a peace MoU
Most of the demand came from local investors, as one banker expected
Price was 'way off' fair value, according to a source on the deal
Rare borrowers Burjeel Holdings and Avilease also marketing deals
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Aldar’s chief executive Sami Asad has tendered his resignation and will leave the firm on Thursday.
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Islamic finance will remain part of Egypt’s economic landscape, according to the country’s finance minister Ahmed Galal.
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Oman’s Bank Nizwa has entered into a wakala (agency) agreement with Bank Dhofar’s Maisarah Islamic Banking Services unit.
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Cagamas – the Malaysian National Mortgage Corporation – has issued MR230m of three year variable rate commodity murabaha sukuk, along with MR180m of conventional floating rate notes.
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Luxembourg based AtlanticLux has set up a $100m life insurance-linked sukuk programme and could launch the first $20m five year tranche in September.
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There is just over one week left to add your votes in this year’s IFIS poll of Islamic market excellence. The deadline for voting is Monday, August 19, with winners announced at the IFIS Islamic Finance Inaugural Dinner 2013 on September 18 in Dubai.