Islamic Finance

The proposal required the company to pay $300 million to sukuk holders in cash disbursement
14 September 03:02 PM Dana Gas rejects sukuk settlement proposal
Abu Dhabi – Mubasher: Dana Gas on Thursday announced that it rejected the settlement proposal submitted by sukuk holders on Wednesday, according to Aaron Reedy, the financial advisor. The proposal required the company to pay $300 million to sukuk …
The Chinese firm will contribute to financing the project, UP’s top official told reporters at the press conference.
11 September 06:04 PM UP may issue sukuk to finance its Motor City project
By: Amr Adel Dubai - Mubasher: Union Properties’ (UP) chairman Nasser Butti Omeir bin Yousef said on Monday that his company may issue sukuk to finance the construction of its AED 8 billion new property development Motor City.  “The company has …
Al Hilal Takaful’s policies will be linked to three investment strategies
27 August 01:39 PM Emirates NBD Asset Management manages new strategies for Al Hilal Takaful
Dubai - Mubasher: Emirates NBD Asset Management on Sunday announced that it has been appointed by Al Hilal Takaful to manage three risk-graded Sharia-compliant investment strategies. Through Emirates NBD Asset Management’s range of Sharia …
The bank aims at expanding its international investments
24 August 04:35 PM Warba Bank discusses issuing Islamic facilities at $200m
Mubasher: Warba Bank is holding talks with other banks to enter the loans market through issuing a 3-year Islamic facility worth $200 million. The bank aims at expanding its international investments after the positive results in the first half of …
KSA 2nd domestic sukuk subscription value exceed SAR 38bn – MoF
22 August 12:36 PM KSA 2nd domestic sukuk subscription value exceeds SAR 38bn – MoF
Riyadh – Mubasher: The subscription requests of investors for the second issue of Saudi's domestic sukuk programme has been closed, with the total amount exceeding SAR 38 billion, the Ministry of Finance (MoF) said. The subscription’s coverage …
The partnership will enable both entities to expand their presence in Saudi and Gulf markets
19 August 08:35 PM DGCX to launch Sharia compliant spot gold contract
Dubai - Mubasher: The Dubai Gold and Commodities Exchange (DGCX) has reached an agreement with Ayedh Dejem Group to launch the first Sharia compliant Spot Gold contract in the Middle East, to be traded on an international exchange. According to an …
The second issue of the Kingdom's sukuk programme will be offered on Sunday, 20 August, subject to market conditions
16 August 01:48 PM KSA 2nd domestic sukuk issue to be offered 20 August – MoF
Riyadh – Mubasher: The second issue of Saudi Arabia's domestic sukuk programme will be offered during the next week, namely on Sunday, 20 August, subject to market conditions, the Saudi Ministry of Finance (MoF), represented by the Debt Management …
The company’s preparations continue to resolve the company’s dispute with the Ad-Hoc Committee of sukukholders by litigation.
16 August 12:11 PM Dana Gas reveals updates on issue with sukuk holders
Abu Dhabi – Mubasher: Dana Gas’ board approved its compliance with the English Court’s order of submitting an application to the Sharjah Federal Court in order to discharge the Sharjah injunction, according to a bourse statement. This follows the …