JPMorgan Leaps To 2nd Islamic Bond, Sukuk Spot As HSBC Keeps Lead
JPMorgan Chase & Co didn’t do enough deals the past two years to rank among the top Islamic-bond underwriters in the Gulf. This year, they’ve …
Sukuk
First HK Sukuk Listed In Dubai
DUBAI, Dubai saw on Thursday the listing of the very first Islamic bond or sukuk in its stock market by China’s Hong Kong Special …
Pakistan: Sukuk Receipt Pushes Dollar Reserves Up To $14b
Pakistan’s much-needed foreign exchange reserves have risen to $ 14 billion during the last week.
The central bank Thursday reported to have …
Dubai’s Nakheel Says Paid $59.8m To Trade Creditor Sukuk
Dubai developer Nakheel on Thursday confirmed a profit payment of AED220 million ($59.8 million) on its trade creditor sukuk.
The company, which …
The Challenges Of Structuring CoCo Sukuk
We have seen in the past how some universal banks accepted capital injection from outside investors in what would be described as unfavorable terms …
Global Sukuk Issuance Set To Hit $175 Billion In 2015
Demand from Gulf, SE Asia investors continues to exceed supply.
Dubai: With the potential demand for sukuk expected to outstrip supply, the global …
Sukuk For Vaccine Fund Ushers Islamic Finance Into Ethical Sphere
The latest entrant into Islamic finance is leading the industry in the new direction of socially responsible investment – which could even …
Thomson Reuters Announces 2015 Findings of Annual Sukuk Perceptions and Forecast Report at WIBC 2014
Market confident: Survey of 44 lead arrangers and 106 investors reveal market confidence: most expect a boost in sukuk issuance in 2015, to be between …
Moody’s Assigns A3 Rating To Cagamas Global Sukuk’s Programme
Moody’s has assigned a provisional A3 rating to Cagamas Global Sukuk Berhad’s proposed $2.5bn multi-currency sukuk programme, as sukuk …
Islamic Banking: Kenya To Issue Its Debut Sukuk In 2015/16 Financial Year.
Kenya will issue its debut sukuk in the next financial year, not this one as some had expected, after it opted to borrow an additional $750 million …
Pak Sukuk Excitement Fades As Index Ends In The Red
KARACHI: The Sukuk offering helped the index off to a positive start before institutional selling took its toll as the market ended in the red.
At …
Has Sukuk Euphoria Waned In Pakistan?
Kudos to Finance Minister Ishaq Dar for another feather in his cap! Pakistans re-entry into the Sukuk market after a hiatus of many, many years has …
Moody’s Assigns (P)Caa1 To Pakistan’s Sovereign Sukuk
Moody’s Investors Service has assigned a provisional (P) Caa1 senior unsecured rating to the proposed US dollar Trust Certificates to be issued …
Turkiye Finans Gets Nod For 71 m Lira Sukuk
Turkish Islamic lender Turkiye Finans has received regulatory approval to raise 71 million lira ($31.5 million) via sukuk, or Islamic bonds, …
Pakistan Set To Conclude $1bn Sukuk Transaction On 26th
ISLAMABAD: Pakistan, eyeing to raise up to $1 billion by issuing dollar-dominated sukuk, will conclude the transaction on the evening of November 26 …
MUSCAT: CBO To Issue RO200mn In Development Bonds
Muscat – The CBO is preparing to launch a RO200mn government development bond (GDBs) issue. H E Hamood al Zadjali, executive president of CBO, …
Clifford Chance Advises Advanced Petrochemical Company On Its Inaugural SAR1 Billion Sukuk Issuance
Clifford Chance advised Advanced Petrochemical Company on its debut sukuk issuance. The sukuk was issued with a face value of SAR1 billion, with a …
KPJ Gets Nod For RM1.5bn Sukuk Scheme
PETALING JAYA: KPJ Healthcare Bhd has received the authorisation from the Securities Commission for the proposed Islamic commercial papers (ICP) and …
Islamic Finance Body AAOIFI To Revise Four Standards, Eyes Sukuk
The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) will revise four of its standards in the first half …
Pakistan To Hold Road Shows For $500m Sukuk Issue Next Week
ISLAMABAD: The Finance Ministry will attempt to tap international investors for the first time since political unrest hit the country and will hold …
Bahrain’s Mumtalakat Said To Raise $600 Million From Sukuk
Bahrain Mumtalakat Holding Co., the Gulf country’s sovereign wealth fund, raised $600 million from the sale of Islamic bonds, according to a person …
Turkish 10-Year Dollar Sukuk Draws Strong Demand At MS+205 bps -Bankers
Turkey borrowed $1 billion over 10 years on Tuesday at around 4.5 percent via a sovereign sukuk issue, bankers said, its third in dollars since it …
Ethical Sukuk Boosted By Vaccine-Funding Debut: Islamic Finance
A group that’s raised $4.5 billion for child vaccinations since its inception in 2006 plans to tap the Islamic debt market for the first time, …
World Bank Plans To Raise $500 Million Via Sukuk
Kuala Lumpur: The World Bank plans to raise as much as $500 million worth of Islamic bonds, or sukuk, this year to help fund an immunisation …