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Sukuk and Islamic Finance

The Sukuk is expected to reflect profitably on Shuaa’s Q3 financials
14 August 10:52 AM Shuaa Capital finalises placing Sukuk for LSE-listed First Group
Dubai- Mubasher: Shuaa Capital announced that it has successfully acted as the sole arranger to place $135 million worth of sukuk for the First Group on the London Stock Exchange (LSE). Shuaa collaborated with local, regional, and international …
The sukuk issuance has a tenor of five years at a profit rate of 3.939% per annum
30 July 09:29 AM Kuwait’s Warba Bank among ESIC’s $600m sukuk issue arrangers
Mubasher: Warba Bank, listed on Boursa Kuwait, announced that Emirates Strategic Investments Company (ESIC), owned by Sheikh Mansour Bin Zayed Al Nahyan, has successfully issued $600 million in debut Sukuk. The sukuk issuance has a tenor of five …
Sheikh Mansour Bin Zayed Al Nahyan
24 July 12:59 PM Sheikh Mansour’s ESIC debuts $600m sukuk
UAE - Mubasher: Emirates Strategic Investments Company (ESIC), owned by Sheikh Mansour Bin Zayed Al Nahyan, announced the launching of $600 million in debut Sukuk. The sukuk issuance has a tenor of five years at a profit rate of 3.939% per annum, …
The sukuk reimbursement will positively impact the company’s profitability
24 July 10:07 AM Emaar’s Q3 profits to rise on $500m sukuk repayment
Dubai – Mubasher: Emaar Properties, a leading global property developer, on Wednesday highlighted that the repayment of the sukuk valued $500 million will be reflected in its financial results for the third quarter of 2019. The repayment of the …
The kingdom sold SAR 5.2 billion in sukuk in its local monthly issue for July
23 July 11:45 AM Saudi Arabia sells SAR5.2bn in sukuk monthly issuance
Riyadh – Mubasher: Saudi Arabia’s Ministry of Finance has closed its July 2019 sukuk issuance under the government’s riyal-denominated sukuk program. The kingdom sold SAR 5.2 billion in sukuk in its local monthly issue for July, according to the …
The sukuk repayment due date was 18 July 2019
23 July 09:27 AM Emaar’s unit repays AED 1.8bn sukuk
Dubai – Mubasher: Emaar Sukuk Limited, a subsidiary of Dubai-based Emaar Properties, said it has reimbursed $500 million (AED 1.83 billion) Islamic bonds under its $2 billion programme. The sukuk repayment due date was 18 July 2019, the company …
Sukuk listings on Nasdaq Dubai reached $62.35 billion
18 July 02:58 PM Nasdaq Dubai celebrates $1bn suluk listing by DP World
UAE – Mubasher: Nasdaq Dubai has welcomed the listing of $1 billion sukuk and a $300 million conventional bond issued by DP World. With sukuk and conventional bond listings of $8.09 billion, DP World is the largest UAE debt issuer on Nasdaq Dubai …
The bank should also complete remaining requirements
17 July 04:21 PM Kuwait C.bank approves Warba Bank’s $500m sukuk issue
Mubasher: Kuwait-based Warba Bank has obtained the Central Bank of Kuwait’s (CBK) preliminary approval to issue sukuk at a value not exceeding $500 million under $2 billion sukuk programme. The bank will obtain the CBK’s final approval after …
The company's net profits amounted to EGP 127.87 million in Q1-19
15 July 12:48 PM Egypt’s FRA approves Sarwa Capital’s sukuk securitisation business
Cairo – Mubasher: Sarwa Capital Holding for Financial Investments announced that its unit Sarwa Sukuk Company has obtained a sukuk securitisation licence from the Egyptian Financial Regulatory Authority (FRA). The Sharia-compliant sukuk issuance …
The port operator is also planning to issue 10-year benchmark sukuk
11 July 11:48 AM DP World to raise $700m in sukuk
UAE – Mubasher: DP World, a global port operator based in Dubai, is looking to raise around $700 million via conventional and Islamic bond issues on Thursday, Reuters reported, citing documents issued by banks involved in the deal. The port …
Total Islamic funding are forecast to reach EGP 235 billion at the end of June
10 July 03:55 PM Islamic banks likely to inject EGP 9bn in Egypt in Q2 – EIFA chairman
By: Islam Fadl Cairo – Mubasher: Islamic funding injected by banks are expected to increase by EGP 9 billion during the second quarter of 2019, head of the Egyptian Islamic Finance Association (EIFA), Mohamed El-Beltagy, told Mubasher on …
The offering was oversubscribed by over 1.6x
9 July 09:46 PM Savola Group issues SAR 1bn sukuk
Riyadh – Mubasher: Savola Group on Tuesday announced that it had raised SAR 1 billion ($267 million) in sukuk, according to Reuters. Arranged by HSBC’s Saudi unit, the sukuk sales offered investors a profit rate equivalent to 160 basis points over …
DP World appointed three international banks to arrange a series of investor meetings
9 July 03:22 PM DP World appoints 3 int’l banks for dollar sukuk issue
UAE – Mubasher: DP World, a global port operator based in Dubai, has appointed three international banks to arrange a series of investor meetings in Hong Kong, Singapore, and London, starting Wednesday, 10 July, Bloomberg News reported. The banks, …