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
-
The Association of Islamic Banking Institutions Malaysia (AIBIM) has refuted allegations from The Muslim Consumers Association of Malaysia (PPIM) that Islamic banks in the country command excessive profits. PPIM had been cited in a news report calling for an immediate review of Islamic banking terms and conditions.
-
Karachi, February 21, 2012: JCR-VIS Credit Rating Company Limited has assigned preliminary rating of ‘A+’ (Single A Plus) to the proposed TFC issue of Independent Media Corporation (Pvt.) Ltd. (IMCL). Entity ratings of IMCL have been reaffirmed at ‘A/A-2’ (Single A/A-Two). Outlook on the assigned ratings is ‘Stable’. The preliminary TFC rating will be finalized on review of the legal documents.
-
Karachi, February 21, 2012: JCR-VIS Credit Rating Company Limited has assigned preliminary rating of ‘A+’ (Single A Plus) to the proposed TFC issue of Independent Media Corporation (Pvt.) Ltd. (IMCL). Entity ratings of IMCL have been reaffirmed at ‘A/A-2’ (Single A/A-Two). Outlook on the assigned ratings is ‘Stable’. The preliminary TFC rating will be finalized on review of the legal documents.
-
Pakistan's Meezan Bank, in announcing a 106% rise in annual profit, has said that it will manage term finance certificates worth PKR15bn ($165.19m) for the country's federal government. The Islamic bank is in talks with Pakistan's finance ministry to help with sukuk issuance in the power industry, which continues to be hampered by circular debt issues. Meezan's annual profit after tax rose to PKR3.4bn in 2011, from PKR1.65bn in 2010. Earnings per share were up from PKR2.05 to PKR4.22. Meezan's total assets rose above PKR200bn for the first time in December and deposits grew by 30% in 2011 to PKR170bn.
-
Dubai Holding subsidiary Tecom Investments has purchased a 25% stake in Emirates Real Estate Investment Trust (REIT) for AED170m ($46.3m). The two firms have entered into a partnership, with Tecom, in addition to acquiring the stake, providing liquidity for Emirates REIT to pursue development opportunities. The move is intended as a step towards Emirates launching an IPO.
-
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.