Qatar’s Dukhan Bank gets $500 million AT1 Islamic bonds

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 […]

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Indonesia universities to use standardized government-produced textbooks for Islamic economy

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 […]

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Dubai Islamic Bank sells $1 billion in 5-year sukuk

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 […]

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International Islamic Trade Finance Corporation (ITFC) signs a US$ 250 Million Framework Agreement to support the Development of Key Economic Sectors in the Republic of The Gambia

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 […]

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Oman hires banks for sukuk in second international debt foray of 2021

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 […]

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UK’s Ethos Invest targeting 1 billion pound fund for PE investments in Islamic, ethical SMEs

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 […]

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Egypt nears issuing sukuk bonds as bill moves through parliament

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 […]

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Turkey sells $2.5 billion in 5-year sukuk

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 […]

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Rise in religious conservatism ripples across Indonesian banking sector

JAKARTA • A rise in religious conservatism in Indonesia is drawing talent away from what some view as un-Islamic jobs in banking, industry professionals say, creating hiring woes for conventional banks but a boon for the country’s fledgling syariah finance sector. The trend comes amid broader societal change in the world’s biggest Muslim-majority country, driven […]

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