Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
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
More articles/Ad
More articles/Ad
More articles
-
JCR-VIS assigns local currency ratings on a national scale. Local currency rating on a national scale assumes the national government to be least risky, which is therefore implicitly assigned a 'کAAA' rating. These ratings represent an entity's ability to meet its domestic obligations in the local currency.
-
JCR-VIS assigns local currency ratings on a national scale. Local currency rating on a national scale assumes the national government to be least risky, which is therefore implicitly assigned a 'کAAA' rating. These ratings represent an entity's ability to meet its domestic obligations in the local currency.
-
JCR-VIS assigns local currency ratings on a national scale. Local currency rating on a national scale assumes the national government to be least risky, which is therefore implicitly assigned a 'کAAA' rating. These ratings represent an entity's ability to meet its domestic obligations in the local currency.
-
Dubai based property developer; Nakheel has reported a net profit of Dh491m ($133.6m) in the first quarter, up 36 % on the Dh362m it made in the same period last year. Revenues rose 62% to Dh2.2bn. Nakheel said it is continuing to complete near term projects and has delivered some 5,400 since its 2011 restructuring, including around 770 in the first quarter this year. That puts it on course to deliver a targeted 3000 units this year. Those delivered so far have been mainly in Nakheel's Palm Jumeirah, Al Furjan, International City, Jumeirah Village, Jumeirah Park and Jumeirah Heights areas. It claims to be expanding its project pipeline to include Nakheel Mall and The Pointe at Palm Jumeirah, with other residential and retail projects under construction. Nakheel said that its focus is on meeting its restructuring commitments to stakeholders. By the end of the first quarter it had made Dh206m of interest payments to bank lenders and issued Dh120m in the fourth tranche of its trade creditor sukuk. Since restructuring, Nakheel has paid over Dh1.1bn in loan interest and sukuk profit payments and made cash payments of around Dh11bn to trade creditors and contractors.
-
Karachi, April 19, 2013: JCR-VIS Credit Rating Company Limited has withdrawn the IFS rating of 'BBB+' (Triple B Plus) assigned to Saudi Pak Insurance Company Limited, with immediate effect, on account of non-renewal of rating contract.
-
Turkey could soon hold a full house of participation bank sukuk, with its two remaining debutantes — Albaraka Türk and Türkiye Finans — starting roadshows this week. The planned sukuk will add to those already issued by Turkey's other two Shariah-compliant banks, Kuveyt Türk and Bank Asya .