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Thursday, 26 January 2012 |
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KUALA LUMPUR: There is a pent-up demand for sukuk issuances from Islamic institutional investors and banks as they seek to diversify their investments from bond holdings and this opens up an opportunity for the sukuk market to be a useful source of additional funding, Fitch Ratings said. Read More
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Thursday, 26 January 2012 |
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DUBAI — Saudi Arabia issued its first government-backed Islamic bond this week, for its aviation agency, setting a benchmark for pricing of conventional and Islamic bond issues this year because of its size. Read More
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Thursday, 26 January 2012 |
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MUSCAT (IINA)- Sayyid Fahd bin Mahmoud al-Said, Deputy Prime Minister for the Council of Ministers received here today Dr. Ahmed Mohammed Ali al-Madani, President of Islamic Development Bank (IDB), currently visiting the Sultanate to attend Oman First Islamic Finance and Banking Conference. Read More
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Thursday, 26 January 2012 |
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Islamic Development Bank (IDB), an international financial institution based in Jeddah, Saudi Arabia, is ready to provide equity capital to Oman's upcoming Islamic banking industry, development projects in the sultanate and private-sector businesses. Read More
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Thursday, 26 January 2012 |
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Citigroup Europe is interested in entering into the sukuk, or Islamic bond, market in Turkey, the group’s Middle East and Africa (EMEA) board director Alberto Verme told Hürriyet. Read More
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Thursday, 26 January 2012 |
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Bahraini lender Al Baraka Bank's Turkish subsidiary will go ahead with a $200 million Islamic bond issue in the first quarter, after delaying a sale last month due to pricing concerns, the bank's chief executive said. Read More
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Wednesday, 25 January 2012 |
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Saudi Arabia's General Authority for Civil Aviation (Gaca) plans to issue its second sukuk at the end of the year to help fund its 27 billion riyal ($7.2 billion) airport in Jeddah, its top executive told Al Arabiya.Read More
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Wednesday, 25 January 2012 |
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In cooperation with the Islamic Corporation for Private Sector (ICD, Islamic Development Bank Group) since 2008, TuranBank has started using "Islamic financing" instrument Ijara (Leasing), the message said. According to the agreement made with ICD, this financing instrument is aimed at financing the transport sector. Under the terms of the instrument, project funding provided for 5 years including one year as a grace period. Read More
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Tuesday, 24 January 2012 |
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HAMILTON (Bermuda) (IINA)-Luring Islamic funds into the British island, Bermuda has introduced a set of new laws to launch Sharia-compliant platform amid efforts to become the first western center for the growing global industry, The Royal Gazette reported recently. Read More
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Monday, 23 January 2012 |
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RAM Ratings has assigned an enhanced rating of AAA(bg) to Musteq Hydro Sdn Bhd's ("Musteq Hydro" or "the Company") Bank-Guaranteed Sukuk Musharakah of up to RM80 million in nominal value (2012/2022) ("the Sukuk"); the long-term rating has a stable outlook. Read More
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Monday, 23 January 2012 |
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Emirates Islamic Bank (EIB), has successfully completed the issuance of $500m Sukuk Certificates, maturing in 2017 off their $1,000m Trust Certificate Issuance Programme. The programme is guaranteed by Emirates NBD rated A3 by Moody's and A+ by Fitch. The Certificates pay a profit rate to investors of US$ 5year Mid-swaps + 350bps (4.718%). Read More
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Friday, 20 January 2012 |
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Abu Dhabi Islamic Bank (ADIB) today launched its capital protected gold notes that can be combined with a selection of mutual funds. Read More
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Friday, 20 January 2012 |
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Tamweel, the Dubai-based sharia-compliant mortgage lender, has priced a $300 million five-year Islamic bond, or sukuk, a document from lead managers said. Read More
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Friday, 20 January 2012 |
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Business Recorder Logo The SECP has approved the draft of Takaful Rules, which will be published in the official Gazette of Pakistan to elicit public opinion. Read More
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Friday, 20 January 2012 |
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(Bloomberg) -- Egypt may issue an Islamic bond or alternatively certificates of deposit in foreign currency for Egyptians abroad, the finance minister said. Read More
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Friday, 20 January 2012 |
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DUBAI: The idea that "markets hate uncertainty" is a cliche, but it has proved all too correct this month for Dana Gas. Read More
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