Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Private placements may have hung around much longer than first expected but their dominance may be at an end
Sukuk volumes much slimmer this year
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
More articles/Ad
More articles/Ad
More articles
-
Mohammed bin Rashid Al Maktoum, ruler of Dubai, has established the Dubai Islamic Economy Development Centre and appointed its board of directors as part of the emirate’s effort to position itself as the global capital of the Islamic economy. -
Islamic finance is set to take off in Oman. The country’s ruler Sultan Qaboos bin Said Al Said first authorised the establishment of Islamic banking in May 2011 following popular demand. IFIS spoke to Hamood Al Zadjali, executive president of the Central Bank of Oman, to discuss the development of Islamic finance in the Sultanate and the CBO’s expectations and future plans for Islamic banking.
-
The Arabian Company for Water and Power Development has signed a SR1.775bn ($475m) five year revolving corporate facility, structured on a fully Shariah compliant commodity murabaha basis. The facility serves as a bridge to the sukuk program the company plans to launch in 2014.
-
Saudi Hollandi Bank has issued Sr2.5bn ($666.6m) of tier two sukuk.
-
Turkish Islamic bank Kuveyt Turk is planning to sign its murabaha facility next week. The syndicated loan will consist of two tranches — a one year deal paying 205bp all-in and a two year note paying 250bp all-in.
-
Predicting volume for sukuk can be more difficult than for emerging market bonds, given the sukuk market is still in a nascent stage and many issuers are coming to the asset class for the first time. It is widely expected, however, that dollar sukuk issuance will surpass this year’s figure in 2014.
