Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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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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Bahraini Islamic bank Al Salam has said that it is in merger talks with an unnamed regional bank.
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Dar Al Istithmar — the Shariah advisory firm at the heart of the Goldman Sachs sukuk controversy that saw the bank cancel plans for a $2bn deal — has closed down. The company failed to recover from a rift between staff and shareholders last year that resulted in the firm's senior management and much of its personnel leaving to join another firm, Khalij Islamic.
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The Republic of Indonesia is set to issue Rp1.5tn rupiah ($155.2m) of domestic sukuk on February 5 as it looks to bridge its budget deficit. The sale will see an auction of six month Treasury bills as well as five, nine, 14 and 24 year project based sukuk.
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The UK government is open to discussing new ideas and suggestions to push forward Islamic finance, the country's business secretary Vince Cable said on Tuesday. Speaking at an event hosted by law firm Norton Rose in the UK's House of Commons in London, Cable recognised that Islamic finance is a fast growing industry and expressed interest in looking at how the government could play a part in its development in the UK - citing student loans as one area in which a Shariah compliant solution could possibly be applied.
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Mobile telecommunications company Zain Saudi has extended the maturity of the outstanding Sr9bn ($2.4bn) of a murabaha financing for the sixth time, as the firm and its lenders have again failed to resolve the long running repayment saga before the agreed deadline.
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National Commercial Bank's chief executive officer, Abdulkareem Abu Alnasr, has resigned from the Saudi bank and will be replaced by Saeed Bin Mohammed Al-Ghamdi, NCB said on Wednesday. The appointment will be effective from March 1.