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ISLAMIC FINANCE
Capital markets 2012: equity disappoints as companies turn to debt  Premier Article
28 Dec 2012
It was a gloomy year for equity capital markets the world over, as a bleak beginning turned many shades darker. Austerity measures in the Eurozone…
Analysis
UAE's Dana Gas sets out restructured sukuk terms  Premier Article
10 Dec 2012
Dana Gas, the first UAE group to default on an Islamic bond, is offering bondholders $70 million in cash and an average 8 percent coupon on the remaining $850 million of debt...
News
Sukuk: key considerations in advising issuers and investors  Premier Article
29 Jun 2012
Sukuk are labelled as an "alternative" form of financing to conventional bonds; they mirror the economic effect of conventional debt but are in compliance with…
Guest Authors
Aramco, Dow petchem JV picks banks for project sukuk  Premier Article
12 Jun 2012
Sadara, the $20 billion petrochemical joint venture between oil giant Saudi Aramco and Dow Chemical, picked four banks to manage the Islamic bond, or sukuk, portion of its...
News
Banque Saudi Fransi plans to issue 5-yr sukuk  Premier Article
14 May 2012
Banque Saudi Fransi plans to issue a five-year benchmark-sized Islamic bond, or sukuk, arranging banks said on Monday, after the lender completed...
News
Dealtalk: Denizbank sale stalls in Dexia management vacuum  Premier Article
4 May 2012
Dexia's planned sale of Turkish unit Denizbank will not proceed until after an expected management change at the bailed-out Franco-Belgian bank...
News
Dubai launches $1.25 bln two-part Islamic bond  Premier Article
25 Apr 2012
The Dubai government launched a $1.25 billion two-tranche Islamic bond on Wednesday, issue arrangers said, at the lower end of earlier indicated yield guidance...
News
Goldman faces new controversy over Islamic bond  Premier Article
11 Jan 2012
Goldman Sachs' controversial $2 billion Islamic bond programme faced a fresh challenge as it emerged that at least two scholars named as potential approvers had not even seen the prospectus...
News
Column: Goldman's sukuk: Is the criticism fair?  Premier Article
2 Jan 2012
Goldman Sachs' maiden foray into capital-raising utilising sharia-compliant mechanisms has understandably generated a lot of interest. However, as in the case of some other conventional banks before it, the market reception in certain quarters has been somewhat sceptical, mainly due to a misunderstanding surrounding the nature of the sukuk structure...
Analysis
Emaar draws on Dubai Mall to raise $1 billion  Premier Article
20 Dec 2011
Dubai's Emaar Properties, the emirate's largest real estate developer, has put up its crown jewel asset -- Dubai Mall -- to secure $1 billion of lending to help refinance upcoming debt amid difficult funding conditions...
News
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Sukuk: key considerations in advising issuers and investors  Premier Article
29 Jun 2012
Sukuk are labelled as an "alternative" form of financing to conventional bonds; they mirror the economic effect of conventional debt but are in compliance with…
Guest Authors
Slowing growth weighs on Mideast M&A values: report  Premier Article
6 Feb 2012
Mergers and acquisitions in the Middle East and North Africa rose slightly in 2011, but the combined value of deals fell by more than a quarter as slower economic growth...
News
Standard Chartered eyes Oman, Nigeria for Islamic banking  Premier Article
12 Dec 2011
Standard Chartered is in discussions with regulators to offer Islamic banking services in Oman and Nigeria, now that both countries are revamping their regulatory environments to encourage Islamic finance...
News
Warren Buffett buys his hometown newspaper  Premier Article
30 Nov 2011
Billionaire investor Warren Buffett buys newspapers every day, including his hometown daily, but on Wednesday he dispensed with the single-issue price and bought the whole company instead...
News
Group launches first Islamic interbank benchmark  Premier Article
23 Nov 2011
A consortium of Islamic banks and financial industry associations launched the industry's first international Islamic interbank rate on Tuesday, offering a sharia-compliant alternative to traditional interest-based benchmarks...
News
Libya Revolution Opens Door for Islamic Finance  Premier Article
3 Nov 2011
Libya's civil war devastated its economy and banking system. But the revolution has created conditions for strong growth of an industry which made little headway under former dictator Muammar Gaddafi: Islamic finance...
News
Emirates NBD Taking Over Troubled Dubai Bank  Premier Article
12 Oct 2011
Emirates NBD, the largest bank in the United Arab Emirates by assets, will take over struggling government-controlled Islamic lender Dubai Bank under orders from Dubai's ruler, as consolidation gets under way in local banking...
News
Abu Dhabi Banks in Repurchase Transaction  Premier Article
2 Aug 2011
National Bank of Abu Dhabi and Abu Dhabi Islamic Bank executed the Gulf region's first sharia-compliant repo transaction...
News
Amana Starts First Sri Lankan Commercial Bank Under Islamic Law  Premier Article
29 Jul 2011
Sri Lanka's Amana Bank on Friday said it will next week start the operations of the island nation's first sharia-compliant commercial bank with the opening of 14 branches across the country…
News
First Gulf Bank Sets Up New $3.5 Billion Sukuk Programme  Premier Article
12 Jul 2011
Abu Dhabi's First Gulf Bank (FGB) has set up a new $3.5 billion Islamic bond programme, a LSE filing showed, paving the way for the lender's first sukuk sale...
News
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