Deutsche Bank, Emirates NBD Capital and J.P. Morgan are mandated joint global coordinators, and UAE lenders Abu Dhabi Commercial Bank, Dubai Islamic Bank and Mashreq are acting as joint bookrunners on the deal Rachna Uppal, Reuters News DUBAI – Property developer DAMAC Real Estate Ltd (DAMAC) has mandated banks to arrange investor meetings ahead of a […]
Government seeks to develop Islam-compliant mortgages in regulatory testing ground By: James Langton. April, 2023 The government of Alberta is looking to expand access to financing that adheres to Islamic law, with a view to enabling halal mortgages. The provincial government said that its regulatory sandbox — which allows financial firms to experiment with novel products […]
The study further shows that the global halal economy is taking centre stage, showcasing its significant growth and potential to reach a staggering $7.7trln in market value by 2025 Staff Writer, The Peninsula April , 2023 Doha: The Investment Promotion Agency of Qatar (IPA Qatar) conducted a study that shows that the State of Qatar serves […]
By Abdul Rahman | Published Apr, 2023 | 10:36 am The management of the Bank of Punjab is mulling over an option to convert the banking institution to a full-fledged Islamic bank in the next few years considering the pent-up demand for Sharia-compliant financing and its staggering growth across the country. In this connection, the bank shall […]
LOS ANGELES—-Today Air Lease Corporation (NYSE: AL) announced the successful completion of its inaugural sukuk issuance. The transaction, settled on March 15, 2023, represented the first ever offering of its kind into the Middle East market from a North American corporate and the largest sukuk from a US-based borrower in history. The offering consisted of […]
Any African state that can develop a regulatory framework for finance that is compatible with both Islamic law and the environment will surely be successful in attracting international funds. The Abuja National Mosque receives thousands of worshippers. Just three minutes away, down Constitution Avenue, is the headquarters of the Nigerian Securities Exchange Commission (SEC). One […]
The investment has received an institutional rating of (A-) from EuroRating and is being reviewed by Amanie Advisors to secure the Islamic Fatwa Press Release Seattle, United States: Pentavirate, a Seattle-based global investment firm, announces the issuance of a 5-year U.S. dollar denominated Sukuk of $100 million, backed by U.S. commercial real estate. The investment has received an […]
Stanley Widianto, Reuters News, Indonesia’s finance ministry made the announcement JAKARTA – Indonesia has raised 12 trillion rupiah ($790.51 million) in an Islamic bond auction, lower than the indicative target of 14 trillion rupiah, its finance ministry said on Tuesday. Incoming bids were 30.45 trillion rupiah. ($1 = 15,180.0000 rupiah) (Reporting by Stanley Widianto; Editing […]
By: Brinda Darasha, ZAWYA The Dubai Government’s Debt Management Office (DMO) also prepaid an additional $300 million of sukuk through an early redemption Dubai’s department of finance said it has redeemed $750 million worth of sukuk or Islamic bonds, issued on January 30, 2013. The Dubai Government’s Debt Management Office (DMO) also prepaid an additional $300 […]
CAIRO, 2023: Egypt succeeded in issuing its first-ever issuance of sovereign Islamic sukuk, as the subscription was oversubscribed more than 4 times, according to Minister of Finance, Mohamed Maait. The value of the issuance hit $1.5 billion, and the subscription on these sukuk amounted to about $6.1 billion. The issuance was priced at 11 percent, […]
As Islamic finance has been in Sri Lanka for 25 years, the stakeholders of the industry launched this week a publication to commemorate the milestone reached by the non-conventional baking system in the country. The book titled ‘25 Years of Islamic Finance in Sri Lanka’ is published by UEC International and UTO Edu Consult. The […]
Translator: Dewi Elvia Muthiariny, Editor:Laila Afifa TEMPO.CO, Jakarta – Indonesia’s Financial Services Authority (OJK) said the assets of the country’s Islamic finance, excluding sharia stocks, amounted to Rp2,375.84 trillion or US$151.03 billion as of December 2022. “The Indonesian sharia finance industry has the potential and development that are recognized internationally. We can see from the State of Global […]
