A gathering of Islamic finance practitioners discussed the future trends in sukuk and Islamic project and infrastructure finance, at the inaugural IFN Global Forum 2014 held recently in Dubai, UAE.
The gathering was addressed by D
QInvest, Qatar’s leading investment bank, is seeing strong volumes in global sukuk activity and expects 2014 issuance to be greater than last year, said a top official.
“With competitive pricing, product innovation and
DIFC Investments, the investment arm of the company running Dubai's financial free zone, is seeking to raise as much as $700 million by issuing a sukuk to help repay existing debt and fund real estate development, its top executive said on S
Middle Eastern banks bought the vast majority of a debut $500 million sukuk issue by Goldman Sachs, a positive sign for other conventional banks hoping to tap the region's liquidity by issuing Islamic debt, according to data from lead manage
New rules issued by the UAE's securities market regulator aim to develop local currency bond and sukuk markets in the Arab world's second biggest economy.
In meetings with potential issuers and financial firms in Abu Dhabi
Islamic bond programmes from a trio of big conventional banks are set to expand the boundaries of Islamic finance, helping open the market to first-time issuers while testing the banks' ability to win over industry purists.
Dubai's Emaar Properties is seeking to raise as much as Dh5.8 billion ($1.58 billion) from an initial public offer of shares in its shopping malls unit that is expected to be the Gulf's biggest stock sale since 2008.
Sharjah has no plans to become a regular issuer for now despite drawing demand more than 10 times the value of its $750 million debut sukuk issue, the director of its debt management office said yesterday.
Although it is developin
Sharjah has no short-term plans to return to debt markets after drawing big demand for its $750 million debut sukuk issue, the director of its debt management office told Reuters on Thursday.
"We do not have any short-term pl
Saudi Arabia's Advanced Petrochemical Company will seek shareholder approval next week to issue sukuk, helping it widen its funding sources, the company said in a bourse filing.
The firm will hold a general meeting on Septembe