Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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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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Bangladesh is to take $2.2bn in loans for fuel imports this year from the Islamic Development Bank’s lending arm – slightly up from the recently announced $2bn, according to Bangladeshi newspaper The Daily Star.
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Bahrain Islamic Bank has reported a BD36m ($95.7m) net loss for 2012 – more than double its BD17m loss in 2011. The bank attributed this to an increase in its provisions portfolio by BD 41m, but pointed out that its fourth quarter loss was only BD15.3m – down from the BD21m it lost in the fourth quarter of 2011.
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The Islamic Development Bank has approved $450.8m of financing for new development projects in member countries as well as Muslim communities in non-member countries.
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United Gulf Financial Services North Africa, an investment company based in Tunisia, has launched a TD50m ($32m) Shariah compliant fund. The Themar Investment Fund will be financed by the Islamic Corporation for the Development of the Private Sector and the Deposits and Securities Fund of Tunisia.
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London based European Islamic Investment Bank has sold its financing facility in defaulted Arcapita for $8.1m to Barclays Bank . As this is below the original value of the position, EIIB will recognise a $6.9m charge in its 2012 results.
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Turkish bank borrowers are again causing controversy in the loan market. But despite some lenders’ vociferous protests, Turkish banks’ march to sub-100bp pricing seems unstoppable.