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
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Islamic finance practitioners have welcomed a call from World Bank managing director Mahmoud Mohieldin for their industry to tackle the challenges that have stopped it from reaching its full potential.
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Saudi construction company Al-Khodari Sons has agreed SR245m ($65.3m) of Islamic credit facilities with Al-Rajhi Bank . Al Khodari will use the money to provide bonding commitments, fund capital requirements and working capital needs for both specific projects and general businesses.
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Dubai Islamic Bank's net profit rose to Dh245m ($66.7m) in the first quarter, up 11% on the Dh222m it achieved same period last year and in line with analyst expectations. The bank said gains were helped by growth in its core businesses – such as financing and investment sukuk.
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Dubai's DIFC Investments and Jebel Ali Free Zone Authority (Jafza) are both closing in on bank deals to refinance upcoming sukuk maturities and have reported a return to profit in 2011.
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National Industrialisation Company (Tasnee), a Saudi Arabian petrochemicals firm, has lined up investor meetings next week as it looks to issue a debut sukuk.
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The successful sukuk issue by Dubai last week was an indication that its rehabilitation among investors is continuing well. But there were warning signs for other issuers too. Ignoring them would be foolish.