The UAE’s largest bank, First Abu Dhabi Bank (FAB), has issued a $650 million, five-year sukuk. The final price was registered as 95 basis points above midswaps, stated the bank.
The UAE’s largest bank, First Abu Dhabi Bank (FAB), has issued a $650 million, five-year sukuk. The final price was registered as 95 basis points above midswaps, stated the bank.
A high court judge in the UK has ruled in favour of investors holding $700 million of Islamic bonds (sukuk) issued by UAE-based energy producer Dana Gas which last year refused to redeem the bonds on the grounds that they were no longer Shariah-compliant or legal in the UAE.
Alternative investments now make up almost a quarter (23%) of all sovereign wealth funds (SWFs) asset allocations, according to a report from PwC.
A ruling in a dispute over sukuk issued by Dana Gas is “credit positive” for Islamic finance, according to a ratings agency.
Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.
Saudi Arabian index inclusion, the onset of taxes and the Dana Gas controversy were among the issues discussed by our cross-industry panel. Chaired by George Mitton in Dubai.
Kuwait’s stock market rose after its government revealed a five-year development plan. Equity performance elsewhere was mixed in the first half of the year, writes Gerard Aoun of Thomson Reuters.
Mashreq Capital has appointed Christophe Pella as chief executive, replacing Aamir Peracha, who left after about a month in the job.
Sukuk accounted for almost 40% of bonds issued in major Islamic economies in the first quarter, the highest proportion in the past eight years.
In 2015, sharia-compliant funds suffered their worst sales in four years. Some blame a lack of innovation for the poor growth of the sector. Sharmila Devi reports.
Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).
In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...
Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.
Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.
Investors in the Middle East consider the tools that will be needed to navigate the Covid-19 crisis, the continued appetite for dividend and why it’s all about tech. Chaired by Romil Patel.
Experts discuss the investment implications of the coronavirus pandemic, a delayed rebound in global growth and dealing with South Africa’s energy issues head on. Chaired by Romil Patel in Cape Town.
Our panel discusses Chinese investment in Africa, financial institutions’ contribution to economic sustainability and regulatory concerns. Chaired by Romil Patel in Cape Town.
With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.
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