Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Deal the first Kuwaiti Sharia-compliant transaction closed with Chinese banks
Tight spreads may tempt issuers even if all-in yields are higher than earlier in 2026
Only one Gulf issuer has printed a blue bond in the public market
Some say UAE central bank liquidity has prompted banks to retrench
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The first round of oil price driven rating actions hit the Middle East this week, with Standard & Poor’s taking its knife to Bahrain and Oman and putting Saudi Arabia on negative outlook. The countries’ respective sukuk seemed safe from secondary volatility, although Bahraini paper — now on the cusp of junk — is likely to feel some pressure, said investors.
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RAM Ratings has assigned ratings to Abu Dhabi Islamic Bank’s (ADIB) planned senior and subordinated sukuk.
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Qatar National Bank has mandated international banks for a $3bn loan, its first dollar facility since 2012.
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The Turkish deposit insurance fund’s takeover of Bank Asya’s senior management positions has had only a minor impact on the rest of the country’s participation banks, analysts told IFIS. Even if the government does find a way to completely take over the troubled participation bank, a weakening currency and higher dollar interest rates are a far bigger issue for Turkey’s Islamic lenders than more state-owned competitors.
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International sukuk issuer Qatar International Islamic Bank (QIIB) has asked shareholders for permission to sell up to Qr3bn ($823m) equivalent in tier one sukuk.
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UK Export Finance (UKEF) is in the documentation stages of its first guarantee for a sukuk deal, said the agency’s head of aerospace Gordon Welsh, and plans to test the Islamic bond market with an innovative structure and longer maturities.