Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
The Gulf kingdom is trying to tackle a very wide deficit and sky-high debt to GDP
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
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Pledges of $12bn in aid to Egypt from Saudi Arabia, Kuwait and the United Arab Emirates this week gave the country a boost amid the upheaval of its military coup. But while the support adds confidence in the short term that approaching debt maturities can be met, it has also heightened investor concerns about Egypt’s overall indebtedness. -
Islamic finance has just begun to gain ground in Jordan. Its government passed a sukuk law last year but has yet to issue a sovereign deal. Jordan signed several financing agreements with the Islamic Development Bank over the past year, the most recent of which was a $358m murabaha, via the ITFC, to finance crude oil and other fuel. IFIS spoke with Bassem Awadallah, former finance minister of Jordan and a board member of Al Baraka Bank, about the development of Islamic finance and its wider economic impact.
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Construction company Saudi Binladin has issued a SR1bn ($266.7m) one year murabaha sukuk.
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Bank Nizwa, Oman’s first Islamic bank, and Sohar Islamic, a unit of Bank Sohar and the latest Islamic banking entrant in the sultanate, have signed a wakala agreement to develop interbank placement between the two firms.
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The Islamic Development Bank has pledged $789.4m to finance projects in eleven of its member countries as well as education for Muslim communities in three others.
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The Libyan Stock Market has signed a memorandum of understanding with Amanie Advisors, a Shariah advisory firm, to help develop Islamic finance in the country.
