Featured FinanceFirst Abu Dhabi Bank sells sterling-denominated bonds worth $584 mnInternational FinanceFebruary 13, 2020March 18, 2020 by International FinanceFebruary 13, 2020March 18, 2020 FAB’s issuance becomes the Middle East’s largest sterling-denominated bond in ten years... Read more
Banking FeaturedMaybank Islamic launches first overseas branch in DubaiInternational FinanceFebruary 13, 2020March 18, 2020 by International FinanceFebruary 13, 2020March 18, 2020 The bank’s Dubai branch will focus on wholesale banking which includes corporate financing, treasury, capital markets and trade finance... Read more
Real EstateDar Al Arkan lists $600 mn sukuk on Nasdaq DubaiPritam BordoloiNovember 14, 2019 by Pritam BordoloiNovember 14, 2019 The sukuk, which has a coupon rate of 6.75%, was oversubscribed by more than two-fold... Read more
Islamic FinanceAldar lists $500 mn sukuk on the Abu Dhabi ExchangePritam BordoloiNovember 8, 2019 by Pritam BordoloiNovember 8, 2019 The sukuk carries a coupon rate of 3.875 percent for a period of 10 years... Read more
Islamic FinanceWorld’s first blockchain sukuk: BMT Bina Ummah raises $50KInternational Finance DeskOctober 23, 2019 by International Finance DeskOctober 23, 2019 BMT Bina used the SmartSukuk platform introduced by Blossom Finance to fund micro-SMEs and entrepreneurs... Read more
BankingChina’s ICBC lists two bonds worth $1 bn on Nasdaq DubaiInternational Finance DeskOctober 21, 2019 by International Finance DeskOctober 21, 2019 Each bond is worth $500 million—and reflect the financial and economic relationship between Dubai and China... Read more
Real EstateSaudi Arabia’s Dar Al Arkan to raise $600 mn through sukukPritam BordoloiOctober 10, 2019 by Pritam BordoloiOctober 10, 2019 The sukuk offers an interest rate of 7% and is due on 2025... Read more
Islamic Finance Magazine September-October 2019 IssueOvertaking SE ASia: How can GCC lead the Sukuk market?International FinanceSeptember 24, 2019December 19, 2019 by International FinanceSeptember 24, 2019December 19, 2019 With concerted efforts from the governments and private sector the GCC can challenge Southeast Asia in Sukuk issuances... Read more
Islamic BankingEmaar’s 10-year sukuk to generate 3.9% annual returnInternational Finance DeskSeptember 18, 2019November 4, 2019 by International Finance DeskSeptember 18, 2019November 4, 2019 The sukuk is part of Emaar’s $2 billion trust certificate issuance programme... Read more
Real EstateEmaar Properties to issue Islamic bonds; hires Standard CharteredInternational Finance DeskSeptember 4, 2019December 23, 2019 by International Finance DeskSeptember 4, 2019December 23, 2019 The bond issuance is a part of the company’s $2 bn debt raising programme... Read more