Latest in Tag: Sukuk Highlight

Latest in Tag: Sukuk

Iran’s sukuk plans expose regime split as sanction fears heighten

As sanctions fears kick in, Tehran has unveiled plans to roll out new Islamic financial products to boost funding for domestic firms. But Iran is split on whether international or domestic financing is the way to go.Iran’s capital market regulator, the Securities and Exchange Organization (SEO), said Tuesday it has started work on a new …

Deutsche Welle

UAE regulator cuts minimum sukuk size, eases securities borrowing

Reuters – The United Arab Emirates’ financial market regulator has set new rules for Islamic and corporate bonds to encourage trading in them, and amended rules on securities lending and borrowing to make it easier for foreign institutions to operate. The changes are part of plans to introduce at least two new rules covering the …

Daily News Egypt

Islamic finance body IIFM eyes first sukuk standard

Reuters – The Bahrain-based International Islamic Financial Market (IIFM) will develop its first standard contract template for sukuk (Islamic bonds), and aims to double the number of its standards as early as next year, its chief executive told Reuters. A standard for leasing-based sukuk will be developed first by the IIFM, a non-profit industry body …

Daily News Egypt

Dubai to sell 15-year benchmark sukuk Tuesday

Reuters – The government of Dubai plans to sell a benchmark-sized, US dollar-denominated sukuk with a lifespan of 15 years on Tuesday, a document from lead managers said. Initial price thoughts on the Islamic bond have been set between 5% and 5.125%, the document said. Benchmark size is traditionally understood to mean at least $500m. …

Daily News Egypt