Wednesday 20 August 2014
 
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Islamic bond

Not all sukuk are created equal, IMF study finds

Investors treat a company's shares differently depending on the specific types of Islamic bond it issues and the reputation of the Islamic scholars who oversee the instruments, a study by the International Monetary Fund found. The s

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HK gears up for debut Islamic bond

Hong Kong has mandated HSBC, Standard Chartered, CIMB Group Holdings and National Bank of Abu Dhabi to arrange its first Islamic bond issue, IFR has reported. The Hong Kong Monetary Authority is handling the deal, which is expecte

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Britain's first Islamic bond draws bumper demand

Britain became the first Western country to sell an Islamic bond on Wednesday, drawing orders of more than 2 billion pounds ($3.39 billion) - over 10 times the planned issue amount. The five-year sukuk issue, intended to raise 200

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UK mandates banks for maiden sovereign sukuk

The British government has mandated banks to arrange a five-year 200 million pound ($336 million) sukuk - the world's first Islamic bond to be issued by a Western sovereign. The Islamic bond could be issued in the coming weeks

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Hong Kong passes key Islamic bond bill

Hong Kong legislators passed a bill that will allow the AAA-rated government to raise around $500 million via sukuk, or Islamic bonds. A debut sukuk from Hong Kong would help boost its Islamic finance credentials and position itse

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QInvest wins award for $1.25bn Ooredoo sukuk

Qatar's leading investment bank QInvest was honoured for its role in Ooredoo’s debut $1.25 billion sukuk at the Islamic Finance News Awards. QInvest collected the “Qatar Deal of the Year” award for the innova

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Islamic bond issuance in GCC picking up

Bank of London and The Middle East (BLME) expects Islamic bond issuance to pick up in the Gulf next year as companies refinance maturing debt in a strong economic climate, its chief executive said. During the first nine months of

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ADB mulls sukuk, sovereign insurance product

The Asian Development Bank (ADB) is considering an Islamic bond as early as next year, plans which could evolve into a regular issuance programme and an insurance product to help member countries offer sukuk of their own. The Mani

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Ooredoo gears up for debut sukuk

Ooredoo, Qatar's leading telecom operator, said it has hired five leading banks to arrange the sale of its first dollar-denominated Islamic bond (sukuk) offering. The banks mandated for the sukuk are DBS Bank, Deutsche Bank, H

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Aldar picks banks for $500m sukuk sale

Abu Dhabi's largest property developer Aldar has hired five banks to arrange the sale of a benchmark-sized sukuk, to refinance debt, three banking sources said. The proposed bond sale would be Aldar's first since it comple

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