DP World raising $1 bn bonds to buy Topaz Energy and Marine
Citi and Standard Chartered Bank will help DP World arrange a series of investors meetings ahead of the Islamic bond issue...
Tag : Islamic Bonds
Saudi Arabia raises $4.5 billion in its first domestic sukuk issuance
Moody’s terms development credit positive for Islamic banks...
Saudi Arabia generated $9 billion from its first international sukuk
Official media says it reflectsthe strong fundamentals of the Saudi economy...
Could Ratings Help Boost Transparency in the Trillion-Dollar Islamic Finance Market?
Those involved in Islamic finance readily agree the 40-year-old market has reached a juncture where it must develop further transparency to address concerns about the security of its products. When Dubai’s biggest investment conglomerate, Dubai World, stunned markets last November with a request to freeze repayments on $26 billion in debt, the upstart Gulf emirate...
Western governments and companies are poised to test Islamic bond markets
The UK’s Islamic Finance Secretariat puts the value of Sharia-compliant assets globally at trillion dollars. A story surfaced in the Malaysian media last September suggesting that the ESB was planning to issue an Islamic-compliant bond, or sukuk, as part of its future funding arrangements. Sukuk are structured to pay profits or rent, rather than traditional...