Tuesday 21 October 2014
 
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sukuk

Flydubai hires seven banks for debut sukuk

Low-cost airline Flydubai has mandated Credit Agricole CIB, Dubai Islamic Bank, Emirates NBD, HSBC, National Bank of Abu Dhabi, Noor Bank and Standard Chartered to arrange a potential debut sukuk issue, according to two sources. T

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Malaysia bank eyeing $307m sukuk issue

Malaysia's Bank Islam, wholly-owned by BIMB Holdings, has set up a one billion ringgit ($307 million) subordinated Islamic bond programme, the latest Asian bank to use the structure to boost regulatory capital. With Basel III

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Etisalat planning debut sukuk

Abu Dhabi-based telecoms firm Emirates Telecommunications Corporation (Etisalat) is planning its first sukuk issuance in a follow-up to its debut conventional bond earlier this year, a report said. The firm, rated Aa3/AA-/A+, is i

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Oman sets up sharia board to boost Islamic finance

Oman's central bank has set up a sharia supervisory board to help oversee the sultanate's Islamic banking industry, a centralised model that is increasingly being adopted across the global industry but remains a rarity in the Gulf.

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Bahrain bourse plans Islamic product range

Bahrain's stock exchange plans to launch a range of Islamic investment products, including a novel equity-based murabaha financing tool and Islamic real estate investment trusts (REITs), its chief executive told Reuters. The B

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Al Baraka issues first Islamic bond in Pakistan

The Pakistani unit of Bahrain's Al Baraka Banking Group has raised two billion rupees ($19.5 million) via the country's first issuance of subordinated sukuk, or Islamic bonds, a bank official said. With Basel III global ba

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Islamic finance experts discuss future trends

A gathering of Islamic finance practitioners discussed the future trends in sukuk and Islamic project and infrastructure finance, at the inaugural IFN Global Forum 2014 held recently in Dubai, UAE. The gathering was addressed by D

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QInvest expects strong global sukuk issuance

QInvest, Qatar’s leading investment bank, is seeing strong volumes in global sukuk activity and expects 2014 issuance to be greater than last year, said a top official. “With competitive pricing, product innovation and

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DIFC plans $700m sukuk issue by end-October

DIFC Investments, the investment arm of the company running Dubai's financial free zone, is seeking to raise as much as $700 million by issuing a sukuk to help repay existing debt and fund real estate development, its top executive said on S

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Mideast banks buy majority of Goldman Sach’s sukuk

Middle Eastern banks bought the vast majority of a debut $500 million sukuk issue by Goldman Sachs, a positive sign for other conventional banks hoping to tap the region's liquidity by issuing Islamic debt, according to data from lead manage

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