Saturday, Nov 16, 2024

International Finance

Tag : Sukuk

Islamic Banking

Could Ratings Help Boost Transparency in the Trillion-Dollar Islamic Finance Market?

International Finance Desk
by International Finance Desk
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...
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Islamic Banking

Nigeria to Spread its Wings in Sharia Banking

International Finance Desk
by International Finance Desk
Central Bank of Nigeria has approved Osun State an inland state in south western Nigeria plan to issue Nigeria’s first sukuk bond, starting with 10 billion Naira ($ 62 million) 11th August 2013 Nigeria, which has the largest population in the sub Saharan Africa is trying to establish itself as the African hub for Islamic...
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Islamic Banking

Nigeria to Spread its Wings in Sharia Banking

International Finance Desk
by International Finance Desk
Central Bank of Nigeria has approved Osun State an inland state in south western Nigeria plan to issue Nigeria’s first sukuk bond, starting with 10 billion Naira ($ 62 million) 11th August 2013 Nigeria, which has the largest population in the sub Saharan Africa is trying to establish itself as the African hub for Islamic...
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Islamic Banking

Western governments and companies are poised to test Islamic bond markets

International Finance Desk
by International Finance Desk
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...
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