Latest in Tag: islamic bonds Highlight

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Latest in Tag: islamic bonds

Saudi retailer Alhokair eyes US, UK buys; plans debut sukuk

Reuters – Fawaz Abdulaziz Alhokair Co., the Saudi retailer which franchises brands such as Zara and Marks and Spencer in the kingdom, is studying three to five acquisition targets in the United States and United Kingdom, a company official said on Monday. The firm, the largest listed retailer on the Saudi stock market, also aims …

Daily News Egypt

Bahrain aims for new business with Takaful, sukuk rules

Reuters – Bahrain’s central bank will release a new regulatory framework for Islamic insurance (takaful) this quarter, in an overhaul of standards which the regulator hopes will attract new business in a sector it helped to pioneer. The kingdom has been a major hub for Islamic finance in the Gulf but in the last few …

Daily News Egypt

New finance minister to review sukuk law

The sovereign sukuk law is intended to organise the financing of the government, state budget, national projects and public institutions. It was released by the government but opposed by Al-Azhar and Islamic parties.

Mohamed Salah

Tighter spreads to drive sukuk issuance: HSBC

By Bernardo Vizcaino / Reuters DUBAI: Issuance of Islamic bonds will be stimulated by a tightening of yields versus conventional bonds as banks chase a finite amount of quality sukuk instruments, HSBC’s Islamic arm Amanah said on Tuesday. HSBC has previously forecast global sukuk volume of $44 billion in 2012, up from $26.5 billion last year. …


Dubai Investments mulls $272 mln Islamic bond issue

By Reuters DUBAI: Conglomerate Dubai Investments may look to raise up to 1 billion dirhams ($272.3 million) in 2012 through sale of a sukuk, or Islamic bond, to finance the expansion of its manufacturing units and repay debt. The company, in which emirate’s sovereign wealth fund Investment Corporation of Dubai (ICD) owns an 11.5-percent stake, is …


Turkey to overcome secular qualms with Islamic bond

By Seda Sezer and Nevzat Devranoglu / Reuters ISTANBUL: Turkey’s government plans its first-ever issue of Islamic bonds this year, overcoming sensitivities about Islamic finance in the secular republic as it seeks to tap a rich pool of investors flush with oil money. A sovereign sukuk issue from an economy regarded as one of the most …


Egypt prepares to sell $2 bln Islamic bonds: scholar

DUBAI: The Egyptian government, seeking to head off a funding crisis, is preparing to raise about $2 billion through its first issue of Islamic bonds, an Islamic scholar familiar with its planning said on Tuesday. "The Egyptian government is convinced that a foreign currency sukuk will fund the country’s development projects and can also bridge …


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