Saudi Arabia’s US dollar-denominated sukuk has received a final rating of “A+” with a stable outlook from Fitch Ratings.The rating ...
Order books for Saudi Arabia’s debut international sukuk were in excess of $25 billion on Wednesday, lending support to expectations that the ...
Some $700 million in Islamic bonds issued by UAE energy firm Dana Gas are falling sharply in the secondary market because of investor concern about ...
The airline, whose credit is rated A by Fitch, reported total revenues of about $9 billion in 2015, according to the presentation
The board, which met last week in Japan, has also decided to set up joint ventures for onshore and offshore rig services
On the sovereign front, the regional government were active players this quarter
Malaysia’s efforts to create a market for ethical Islamic bonds are the latest in a series of government-led initiatives to develop Islamic finance
Turkey’s presidency of the G20 group has placed Islamic bonds – known as Sukuk - on its list of top priorities in 2015, with the ...
Turkiye Finans issued a debut 800 million ringgit sukuk in July
A meeting of G20 ministers and central bank governors last month discussed ways for sukuk to be used more widely as a financing tool
The instrument will mature on Feb. 15, 2017, the Treasury said on its website.
Demand is also growing for guarantees in markets where credit and political risks pose a greater challenge
Islamic finance is eying a new direction of socially responsible investment - which could even include the fight against Ebola
Sukuk are investment certificates which follow religious principles such as bans on interest and monetary speculation
Sharia boards are groups of scholars who rule on whether financial instruments follow religious principles
IFN Saudi Arabia Forum is expected to be the most promising international congregation to share knowledge among industry experts and leaders
The new official initiatives seem likely to create a more benign environment for Islamic finance,
Malaysia’s Bank Islam becomes the latest Asian bank to use the structure to boost regulatory capital
The U.S. bank will meet investors in Qatar next Wednesday and the United Arab Emirates on the following day to discuss selling sukuk
Jordan is one of several Muslim-majority countries keen to develop their domestic Islamic finance sector
A sovereign sukuk is the centrepiece of Prime Minister David Cameron’s bid to position London as a leading hub for Islamic finance
Dubai’s DAMAC Real Estate set price thoughts for its five-year, benchmark-sized U.S. dollar sukuk issue, in basis points, at midswaps plus the ...
SEC said at the beginning of January that it had chosen banks to arrange the riyal-denominated transaction
Morocco has been seeking to develop Islamic finance for around two years
Conventional bonds will be worth $3.4bn, and the rest of the issuance will be in sukuk
S&P earlier assigned the emirate a sovereign credit rating of A with a stable outlook
The Saudi budget for 2014 has allocated SR7.747 billion ($2.07 billion) for nine new electric projects in in the Tabuk region
The Islamic Development Bank (IDB) will set up a $10 billion sukuk issuance program on the Nasdaq Dubai exchange, a boost to Dubai’s efforts to ...
The British Prime Minister David Cameron wants London to ‘stand alongside Dubai’ as an Islamic finance hub, and is today expected to ...
Turkey has seen $1.35 billion of capital outflows from its equity markets since May 26 due partly to global market conditions and two weeks of ...
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