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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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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.
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Aberdeen Islamic Asset Management has launched its Aberdeen Islamic Malaysia Equity fund and the Aberdeen Islamic World Equity fund. Aberdeen said these would be its first Shariah retail products in Malaysia and the first by a foreign fund manager.
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The Egyptian government has approved a new sukuk bill, finance minister El-Morsy Hegazy said on Wednesday, removing a key hurdle to the country's long awaited debut issuance.
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Oman Arab Bank is the latest bank in the sultanate to launch an Islamic banking business - adopting the brand name Al Yusr. It will open five branches this year and focus on retail, small and medium enterprises (SMEs) and corporate banking.
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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.
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Karachi, January 17, 2013: JCR-VIS Credit Rating Company Ltd. (JCR-VIS) has revised the Fund Stability Rating of ABL Cash Fund from ‘AA+(f)’ (Double A(f) Plus) to ‘AA(f)’ (Double A(f)).