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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 ... |
Almarai milks the sukuk market
The Gulf's largest dairy firm raised AED979 million ($266.6m) through the first tranche in March in a deal which was 4.7 times oversubscribed. (more) |
Finance Almarai To Issue Second Tranche Of Su ...
Saudi Arabian dairy and food producer Almarai Co plans to issue the second tranche of a riyal-denominated Islamic bond programme in the coming months to private investors, the company said in a bourse ... |
Bank forecasts six-fold growth for Islamic ba ...
Worldwide sales of sukuk, which pay returns on assets to comply with Islam's ban on interest, almost doubled this year to a record $39.1bn from the same period last year, according to data compiled by ... |
Oman: 1st Muscat International Islamic Financ ...
The forum organized by Amanie Advisors will cover the different issues and developments related to Islamic banking, Islamic Finance, Takaful systems, Sukuk, Igaza and other issues related to banking i ... |
CIMB Australia hopes for sukuk market deals
By Bernardo Vizcaino. SYDNEY/DUBAI, Nov 4 (Reuters) - CIMB Group Bhd , Malaysia's second largest lender, hopes to use its expertise in Islamic finance to distinguish itself from the competition when i ... |
Dana Gas provides update on the USD 1 billion ...
Dana Gas is in ongoing discussions with Ad hoc Committee of Sukuk holders over terms to amend and extend the Sukuk. The desirability to amend and extend the terms of the Sukuk became evident in the in ... |
Dana Gas Misses $920M Sukuk Deadline; Talks O ...
DUBAI (Zawya Dow Jones)-- Dana Gas , a Sharjah-based energy company with operations in the United Arab Emirates, Iraq and Egypt, said it failed to pay back a $920 million Islamic bond, or sukuk, that ... |
Surge in sukuk demand outpaces the issuance
âOne of the foremost challenges faced by the sukuk market is the supply side constraint, as demand continues to outpace new issuance,â says Ashar Nazim, Islamic finance services leader at Er ... |
Global sukuk on the rise with surging market ...
KUCHING: Global Islamic bonds (sukuk) is seeing a steady growth path as institutions and governments worldwide issue new bonds while new incentives for regulatory and advisory bodies are said to be in ... |
IFSB unveils draft standards on capital adequ ...
The minimum maturity of the sukuk should be five years, and it should not have step-up features, such as periodic increases in the rate of return, giving an incentive to the issuer to redeem it. (more ... |
Approval Granted
The company says, it will utilize the proceeds raise from the Sukuk Murabahah to refinance of existing debt and Sukuk issued under the Sukuk Program. It will also pay fees and expenses in connection w ... |
IFSB issues draft capital guidelines
Sukuk issued against assets owned by an Islamic bank, may be used by that bank as additional capital to meet regulatory minimums, the draft guidelines state. (more) |
ASEAN as a single asset class proposed
ACFM is particularly keen in developing a set of harmonized disclosure standards to facilitate multi-jurisdictional offerings of equity and debt securities, including Sukuk Ijarah, to the general publ ... |
Dana Gas in Cairo talks over delayed payments
The company, based in Sharjah, crossed its sukuk repayment deadline at midnight on Wednesday. With the company said to be locked in "intense" negotiations with bondholders to avoid default, Dana relea ... |
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