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 banking assets worldwide could grow by 40% over the next five years if penetration in some of the most underdeveloped markets sees a modest increase, according to one UAE-based specialist. Speaking this week at the Islamic Investment and Finance Forum in Istanbul, Nabil Mushahwar, head of the executive office at Al Hilal Bank , earmarked Nigeria, Indonesia, Egypt and Turkey as key areas of untapped potential over coming years.
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Malaysia's biggest power producer Tenaga Nasional priced a RM4.85bn ($1.55bn) multi-tranche sukuk on Thursday after launching the deal earlier this week. Lead managers CIMB Islamic and Bank Islam marketed the deal to Asian investors in Singapore and Hong Kong.
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Karachi, October 27, 2011: JCR-VIS Credit Rating Company Ltd. (JCR-VIS) has placed the outstanding Fund Stability Rating of ABL Islamic Income Fund (formerly ABL Islamic Cash Fund) of ‘AA(f)’ (Double A (f)) under ‘Rating Watch-Developing’ status. This rating action has been taken in view of the change in categorization of the fund from an Islamic money market scheme to an Islamic income scheme. Ratings will be re-assessed on finalization of the operational investment policy of the fund.
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Has Islamic finance come of age with Goldman Sachs' sukuk plans? It's hard to know. But the bank could help the market by being a bit less mysterious about the motivations behind its highly surprising new direction.
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Riyadh-based telecoms company Mobily is in talks to conclude an Islamic refinance agreement on three loans with Saudi local banks worth around SR10bn ($2.67bn).
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Malaysia's biggest power producer Tenaga Nasional launched a RM4.85bn ($1.55bn) multi-tranche sukuk on Tuesday. Lead managers CIMB and Bank Islam marketed the ringgit-denominated deal to Asian investors including Singapore and Hong Kong, receiving strong demand as the 15-year tranche received an order book that was as much as five times oversubscribed.