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The bank exercised a call date a month ago and has another late this year
Sovereign bond print went ahead despite missile and drone attacks just before pricing
Books on the dollar deal opened just hours after Iran attacked the country
Israeli issuer called its previous tier two early last year
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Bank Nizwa, Oman’s first Islamic bank, and Sohar Islamic, a unit of Bank Sohar and the latest Islamic banking entrant in the sultanate, have signed a wakala agreement to develop interbank placement between the two firms.
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The Islamic Development Bank has pledged $789.4m to finance projects in eleven of its member countries as well as education for Muslim communities in three others.
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The Islamic capital markets and Shariah-compliant insurance have so far developed somewhat separately. Linking the two markets by using Islamic insurance for sukuk could breathe fresh vigour into both markets.
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Oman’s Bank Sohar has opened its first dedicated Islamic banking branch.
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Abu Dhabi barge operator Gulf Marine Services has signed a Dh1.32bn ($360m) syndicated Islamic financing facility. -
Takaful Re, a Dubai based Islamic reinsurance company, has appointed Firas El Azem as its general manager.
