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Dana Gas wins approval for $700m sukuk restructuringUAE-based Dana Gas, the largest regional natural gas company in the Middle East, said it has won approval from its key investors to complete the consensual restructuring of its $700 million sukuk (Islamic bond) at today’s (June 21) General More… |
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Dana Gas wins approval for $700m sukuk restructuringUAE-based Dana Gas, the largest regional natural gas company in the Middle East, said it has won approval from its key investors to complete the consensual restructuring of its $700 million sukuk (Islamic bond) at today’s (June 21) General More… |
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Iran issues lease-based Islamic bondsIran's Ministry of Finance has issued 5 trillion rials ($145 million) of lease-based Islamic bonds, expanding the range of the government's funding tools and providing a much-needed pricing benchmark for corporate issuers. More… |
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Malaysia fund calls off $2.4bn sukuk sale planTroubled state-owned investment fund 1Malaysia Development Bhd (1MDB) has called off plans to sell up to $2.4 billion of Islamic bonds, a report said. The Islamic bond or sukuk had been earmarked to raise funds for the constructio More… |
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Al Baraka issues first Islamic bond in PakistanThe 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 More… |
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Al Baraka plans sukuk in S Africa, PakistanBahrain-based Al Baraka Banking Group said it is considering issuing subordinated Islamic bonds through its South African and Pakistani units to boost their regulatory capital. The Islamic bank's plans come at a time when sove More… |
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New Dubai sukuk opens door for moreDubai's government hopes its first 15-year sukuk issue - an unusually long tenor for an Islamic bond - will pave the way for long-term debt sales by its state companies, the Department of Finance said. Dubai drew $2.3 billion More… |
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Islamic bond supply/demand gap to peak in 2014A gap between global supply and demand for Islamic bonds is likely to peak in 2014 and then shrink gradually for several years as issuance grows, a study by Thomson Reuters predicted. Potential demand for sukuk among cash-rich Isl More… |
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Egypt approves law to issue Islamic bondsEgypt has approved a draft law to allow sovereign Islamic bonds (sukuk), the country's finance minister said on Wednesday, as the government searches for new ways to finance an unsustainable budget deficit. The Islamist-led ad More… |
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Qatar to issue up to $4bn in sukukQatar plans to issue up to $4 billion in Islamic bonds, or sukuk, through two companies that the Gulf state will set up through a decree issued by the Crown Prince, local daily Al Watan newspaper said on Monday. Qatar, the world's biggest More… |
