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Islamic Finance

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  • 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.
  • Manama, Bahrain - 29 August 2011 - The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities for the BD 18 million issue, which carries a maturity of 91 days, has been oversubscribed by 178%.
  • 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.
  • Karachi, August 25, 2011: JCR-VIS Credit Rating Company Limited (JCR-VIS) has withdrawn the entity ratings of ‘A/A-2’ (Single A/A-Two), assigned to Nishat (Chunian) Limited, with immediate effect, on account of non-renewal of contract.
  • Dubai-based property developer Nakheel will start its five-year restructuring plan on Wednesday, the firm has announced. It will issue its two-month delayed Dh4.8bn ($1.31bn) sukuk to trade creditors within the next two days after that, as part of its $13bn debt restructuring agreement.
  • The Central Bank of Oman (CBO) is looking into what amendments are needed to be made to the sultanate's laws to undertake Islamic banking, according to CBO executive president Hamoud Bin Sangour Al Zadjali.