Press Release Al-Tuwaijri: The Bank Is in The Initial Operating Stages Those Interested May Visit Its Website to Register Andrew Ball: UK Banks Are Admired Around The World For Their Stability, Resilience And High Levels of Governance A Digital Bank Where Boubyan & Non-Boubyan Customers in Kuwait & The Region Can Open Accounts And Manage […]
Jamal Bin Theniyah, Chairman of Emaar Properties, on Tuesday rang the market-opening bell to celebrate the listing of a $500 million Sukuk on Nasdaq Dubai. The ceremony was attended by Ahmad Al Matrooshi, Executive Board Member of Emaar Properties; Rashid Al Shamsi, Board Member of Nasdaq Dubai; and Hamed Ali, CEO of Nasdaq Dubai and […]
DUBAI, July (Reuters) – Qatar’s Dukhan Bank sold $500 million in Additional Tier 1 (AT1) sukuk, or Islamic bonds, at 3.95% on Wednesday after it received more than $2.25 billion in orders, a document showed. The perpetual sukuk were tightened from initial price guidance of around 4.375%. AT1 bonds, the riskiest debt instruments banks can […]
Indonesia universities to use standardized government-produced textbooks for Islamic economy BY YOSI WINOSA SALAAM GATEWAY JAKARTA – Indonesia will integrate, over the next three years, Islamic economy pedagogy in textbooks to be used by at least 100 state universities. The goal is to better link and match, as well as produce, more talent for the […]
DUBAI, June (Reuters) – Dubai Islamic Bank (DISB.DU), the United Arab Emirates’ largest Islamic lender, sold $1 billion in five-year sukuk on Tuesday after receiving more than $2.8 billion in orders for the Islamic bonds, a document showed. It sold the sukuk at 110 basis points (bps) over mid-swaps, tightened from initial guidance of around […]
Africa Press Release The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IDB) Group, has signed a new 5-Year Framework Agreement in favour of the Government of The Gambia that target to provide up to US$ 50 million to the country on an annual basis. The agreement, signed with […]
By: Yousef Saba Oman has hired banks for its second international bond sale of the year, a planned issuance of nine-year U.S. dollar-denominated sukuk, a document showed on Monday, as it seeks to plug a large budget deficit. Oman hired Citi (C.N), Gulf International Bank, HSBC (HSBA.L), Standard Chartered (STAN.L), Bank ABC and Bank Muscat (BKMB.OM) to arrange investor calls […]
BY Staff Writer Jun 2021 News Salaam Gateway UK-based Ethos Invest is targeting a fund of 1 billion pounds ($1.39 billion) that will make private equity investments in Islamic and ethical small and medium-sized enterprises. The fund will focus on financial services and technology, Ethos Invest said in a statement on Tuesday (June 29). “The […]
Egypt will start issuing sukuk, or sharia-compliant Islamic bonds, as soon as a law making its way through the country’s parliament goes into effect, the finance ministry said in a statement. “Egypt is preparing to issue its first offering of sovereign sukuk upon approval by Parliament, … which helps achieve financial, economic, and development goals […]
DUBAI, June (Reuters) – Turkey sold $2.5 billion in five-year sukuk on Tuesday after the Islamic bonds drew more than $9.3 billion in orders, a document detailing the transaction showed. The Turkish government U.S. dollar-denominated sukuk were sold at 5.125%, tightened from an initial price guidance of around 5.5%, the document from one of the […]
