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
-
More banks in the United Arab Emirates are likely to issue Basel III-compliant bonds after the launch of the world's first hybrid tier one sukuk from Abu Dhabi Islamic Bank , Fitch Ratings says.
-
Karachi, November 12, 2012: JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the medium to long term entity rating of Khushhali Bank Limited (KBL) at ‘A’ (Single A) and short term rating at ‘A-1’ (A-One) with a ‘Stable’ Outlook, upon conclusion of the acquisition process led by UBL (United Bank Limited). Previously, the ratings were placed under ‘Rating Watch-Developing’ status.
-
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.
-
Abu Dhabi Islamic Bank's sale last week of a first ever Basel III-compliant subordinated sukuk saw the dollar denominated Islamic bond market double the level of issuance it achieved in the whole of last year, figures from IFIS show. It also brought total global issuance of sukuk in 2012 to over $121bn – almost a third more than in 2011.
-
Arab Banking Corporation has brought its profit so far this year back in line with 2011's earnings with an improved third quarter result. The bank recorded $53m of net profit in the third quarter, up from $41m in the same period last year. This brings ABC's net profit for the first nine months of 2012 to $158m, roughly equal to the $157m it earned by this stage last year. Total operating income for the third quarter amounted to $200m million, the same as last year, whilst its $98m of operating expenses was marginally higher than the $97m in 2011. Cost/income ratio was maintained at 49%, while operating profit before impairment provisions reached $102m – down slightly on the $103m in 2011.