In an interview, Mohieddine Kronfol, CIO for Franklin Templeton Global Sukuk and MENA Fixed Income Strategies highlighted the changing nature of the sukuk market, stating “The Sukuk market continues to be characterized by a lot of innovation and a lot of growth.” »
The use of Sharia compliant loans is making in-roads with the private sector in Saudi Arabia which is favouring such products over sukuk issuances. »
Khazanah hits the road to market its dollar sukuk and analysts expect the state investment fund will need to offer premium yields to entice investors. »
An overview of the issuance of Sukuk from design, structuring and implementation as well as commercial considerations , documentation formats, Reg S /144A and Reg S Only key characteristics. Presentation by Muhammad Noman Ansari. »
Albaraka Turk has issued a tier 2 Sukuk for the value of USD$250 million. The sukuk has been admitted for listing on the Irish Stock Exchange. The Reg S fixed rate resettable tier 2 sukuk is due 2025 and is backed by the credit of Albaraka Turk as obligor, was issued by Albaraka Sukuk Ltd. »
The Ivory Coast is to become the latest state to issue a Sovereign Sukuk as it today launched its debut five year 150 billion CFA issuance sukuk priced at a profit rate of 5.75%. »
A report produced by Deloitte highlights Islamic capital market developments in Europe. Analysis and discussion are formed around building case study scenarios for four potential European countries. The report also includes perspectives of prominent industry thought leaders and practitioners who shared their insightful views on the discussed issues. »
Fresh Sukuk supply post-Fed meeting; sovereigns most likely to dominate in 2016. Kazakhstan parliament approves legislative amendments to facilitate Islamic finance. »
Sukuk return has been on an upward trajectory since 2009. Such a relatively stable rate of return was partly due to the structure of Islamic bonds which have strong link with their underlying assets, allowing the instruments to escape the danger of excessive speculation. »
The Bloomberg Malaysia Sukuk Ex-MYR Total Return (BMSXMTR) and Dow Jones Sukuk Total Return (DJSUKTXR) indices ended the week lower at 101.8 (-0.3% w-o-w) and 155.5 (-0.27% w-o-w) respectively. »
