Bloomberg TV Malaysia: Tenaga unit Jimah Power East is seeking investors for its 10 billion ringgit sukuk offering, which would make it the country's third biggest Islamic bond. Here's a look at Malaysia's biggest issuers by value so far this year. »
Bloomberg TV Malaysia: Bloomberg TV Malaysia's Jacalyn Kow explains what investors can expect of the planned 10 billion ringgit sukuk sale by Tenaga unit Jimah Power East. It would be the country's third biggest Islamic bond. »
The Islamic financial market would benefit from Iranian sanction lifting. In this CMTV, Standard & Poor discuss the impact of agreement between the P5+1 countries and Iran on its economy and the Sharia compliant finance industry. »
Saudi dairy and poultry producer Almarai settled for a 1.6 billion Riyal sukuk issuance after previously stating it was looking for a 2 billion issuance depending on "market conditions", which it seems were not present to allow it to achieve its target issuance amount. Sukuk tend to be heavily oversubscribed and the fact that Almarai was not only able to hit its desired issuance amount, let alone ... »
The decision to tap the conventional market over sukuk is somewhat surprising given that Pakistan previously tapped the sukuk market in November 2014 with a $1 billion 5 year issuance, a transaction which was five times oversubscribed with offers of $2.3 billion against initial size of $500M which was upped to $1 billion. Such demand allowed the Government of Pakistan to close the transaction offe... »
Indicative Sukuk prices are provided for a number of liquid sukuk. »
Profit from Nigeria’s World Class Sharia Listed Companies Nigeria is Africa’s biggest economy and second only to Saudi Arabia in terms of Organisation of Islamic Cooperation (OIC) members GDP ranking. It currently presents an interesting investment case for the Islamic investor. »
The report concludes "The Sukuk market should continue to perform well as supply has waned this year, although there is expectation that some GCC countries may want to finance their budget deficits by borrowing in the debt capital markets which would lead to some welcome supply in the market." »
Angela Martins of the National Bank of Abu Dhabi delivered a lecture to the Arab Brazilian Chamber of Commerce for its members in São Paulo, titled “The Islamic financial market”. The use of Islamic financial instruments such as Murabaha were discussed as means for Brazilian exporters to offer Sharia compliant transactions to Muslim customers. »
Qatar Islamic Bank announced in response to an article published in Al – Watan newspaper in Qatar, which quoted a Financial Times article, “QInvest to sell Panmure Gordon stake” that the aforementioned article is unfounded as of date. Qatar Islamic Bank deems it necessary to make this clarification by virtue of transparency and disclosure. »
