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Islamic body to open banks in Mali, Benin
It is also advising governments of some member countries on how to issue sovereign sukuk. The Senegal government is planning a $200 million sukuk, which would help local Islamic lenders manage their l ... |
Dana Gas strikes deal on sukuk restructuring
Dana Gas has reached an in-principle agreement on the restructuring terms of the $1 billion Sukuk-al-Mudarabah due on October 31, 2012 with the ad hoc committee of sukukholders, the company said in a ... |
Hong Kong releases consultation results over ...
Hong Kong: Regulations for Islamic finance system are being officially developed in Hong Kong as the government of Hong Kong has released the conclusions of a consultation, which ended in May this yea ... |
UPDATE 2-UAE's Dana Gas says reaches deal on ...
To cancel $80 mln of its holding in sukuk. * Sukuk holders to receive partial payment in cash. * Remaining amount to be split into two sukuk. * Dana shares suspended on Abu Dhabi bourse. DUBAI, Nov 7 ... |
Islamic banking needs strong regulatory body
Regarding Sukuk, they sought to promote innovation in sukuk to meet current requirements such as Tier 1 sukuk and perpetual sukuk; to tap new markets to address the supply issue; to tackle pricing iss ... |
Arabtec posts $9.5m profit
Revenue for the quarter was 1.4 billion dirhams, up 27.3pc on the same period last year. However, Arabtec was forced to book a 19m dirhams deficit as it transferred onto its income statement the shift ... |
Adib plans hybrid sukuk
Abu Dhabi Islamic Bank (Adib) is set to become the first Gulf Arab company to issue a hybrid Islamic bond this week, but investors are likely to demand a big premium for the rare structure. (more) |
Dana Gas nears default on sukuk
06 November 2012. Read more: [dana gas] [sukuk] [default]. Dana Gas failed to make the bullet payment on its $1 billion sukuk at maturity on 31 October 2012. The issuer now risks default if it cannot ... |
Saudi's Almarai will issue private Sukuk
âThis second tranche of sukuk will be a private offering to sophisticated investors resident in the Kingdom of Saudi Arabia,â the company statement said. (more) |
Ministry said planning RM5.3bil sukuk to buy ...
KUALA LUMPUR: The Finance Ministry plans to sell as much as RM5.3bil of Islamic bonds under a 20-year programme to help the nation's loss-making carrier buy new aircraft, according to two people famil ... |
Almarai to issue private sukuk
âThis second tranche of sukuk will be a private offering to sophisticated investors resident in the Kingdom of Saudi Arabia,â the company statement said. (more) |
Dana Gas sukuk dissolution event called
DUBAI Nov 5 (Reuters) - A dissolution event has occurred with the $920 million sukuk or Islamic bond issued by Dana Gas , the special purpose vehicle administering the sukuk said in a statement to the ... |
Nation Considers Sukuk to Redress Budget Defi ...
Investment Minister Osama Saleh said on Sunday4/11/2012 that the government considers issuing Islamic bonds (Sukuk) to redress the state budget deficit for the first time in Egypt, adding a work group ... |
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