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 Islamic bond sector underscored its standing as one of the few bright spots of the international capital markets this week as Abu Dhabi Islamic Bank completed a well received and tightly priced $500m benchmark sukuk on Tuesday. Several more Gulf names are poised to follow in ADIB's wake.
-
Kuala Lumpur-based Takaful Malaysia has recorded profit before tax of RM60m ($18.85m) for the first nine months of 2011, up nearly 81% on its RM33.2m in the same period last year. Group operating revenue rose 18% to RM1.04bn. The firm attributed the growth to its general takaful and family takaful businesses.
-
Turkey's Bank Asya has put on hold its plans to issue a sukuk of up to $300m, citing market conditions. The bank said on Thursday, October 20 that it had mandated UBS and Citi for meetings with investors for a potential five year dollar sukuk, but underlying markets in Europe have progressively worsened since. This week core treasuries hit new record wides and even Germany's 10 year auction was deemed a failure by many traders.
-
Karachi, November 24, 2011: JCR-VIS Credit Rating Company Limited has reaffirmed the Insurer Financial Strength rating of PICIC Insurance Limited (PICIC) at 'A - ' (Single A Minus). Outlook on the rating is 'Stable'.
-
Abu Dhabi Islamic Bank's chief executive officer Tirad Mahmoud has been named the 2011 Islamic banker of the year at the annual World Islamic Banking Conference (WIBC) in Bahrain. The award comes in the same week ADIB went to market with a $500m benchmark sukuk issue.
-
Cairo-based AT Financial's index of Shariah compliant Egyptian stocks saw a return higher of 3.04% on Wednesday, following several days of sharp falls. The index was quoted back up at 349.68, having dropped to 339.37 on Tuesday.