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Robust demand helps Gulf banks secure low yieldsDeals from two major banks this week have reopened the Gulf debt market after an extended summer lull, and highlighted the lower yields that investors in the region are settling for as liquidity continues to far outstrip supply. Q More… |
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Qatar Islamic Bank launches $750m sukukQatar Islamic Bank, the country's largest sharia-compliant lender, will return to global debt markets after two years on Wednesday with a new five-year sukuk, taking advantage of strong liquidity for regional issues. More… |
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Qatar Islamic board backs $1.5bn sukukQatar Islamic Bank's (QIB) board has approved its $1.5 billion sukuk issuance programme, a company statement said on Sunday. The bank has hired HSBC Holdings, Standard Chartered, Deutsche Ba More… |
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QIB invests $343m in govt sukukQatar Islamic Bank (QIB) invested 1.25 billion riyals ($343.6 million) in an Islamic bond, or sukuk, issued by the Qatar central bank on behalf of the government to boost the domestic bond market. QIB, the Gulf state's second biggest lende More… |
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Qatar Islamic has $15m exposure to Dubai WorldQatar Islamic Bank said on Thursday it had exposure to a Dubai World Islamic bond maturing in 2017 worth QR54 million ($14.84 million). The lender is the first Qatari bank to announce its exposure to the Dubai state-owned conglomerate, whi More… |
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Qatar Islamic Bank may issue short term sukuksQatar Islamic Bank may issue short term Islamic bonds, or sukuks, from September to address short-term liquidity needs, its chief executive officer told Reuters. The tenor of the sukuks could range between six months to one year, Salah Jai More… |
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Qatar Islamic Bank Q1 profit falls 23pcQatar Islamic Bank made a first quarter net profit of 350.2 million riyals ($96.26 million), down about 23 percent from the year-earlier period. Net income in the three months to March 31 was 350.2 million riyals compared with 455.56 milli More… |
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Qatar Islamic, Bahrain bank eye France unitsQatar Islamic Bank and another Gulf lender may be licensed to introduce Islamic banking services in France later this year, a member of a French banking delegation said. "The regulations are ready and licences for at least these two banks More… |
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Qatar Islamic closes $250m Ras Laffan financingQatar Islamic Bank said on Sunday it had closed this month a $250 million Islamic financing arrangement for part of Qatar's Ras Laffan power and water project. The project, which is expected to cost over $3 billion and be completed by 2011 More… |
Qatar Islamic Bank unit gets UK licenceEuropean Finance House (EFH), a unit of Qatar Islamic Bank (QIB), has received an investment banking licence from the United Kingdom's Financial Services Authority, the lender said. EFH will provide financial services that comply with Mus More… |
