Mubasher: Global Sukuk issuances grew by 44% last year to $88 billion, compared to $61 billion in 2015, according to the 6th annual Sukuk Report issued by the International Islamic Financial Market (IIFM). The research report noted that currently …
By: Mahmoud Gamal Dubai - Mubasher: The stock of Dubai Islamic Bank (DIB) has been seeing noticeable gains since the beginning of July amid speculations of a rise in semiannual profits to near AED 2 billion. In the first ten sessions of the month, …
Kuwait - Mubasher: The chairman of Kuwait Finance House (KFH) said that the group is the biggest Sukuk issuer in the world, as demand is rising on the sharia-compliant product. Hamad Abdulmohsen Al Marzouk added in a statement issued on Sunday …
By: Amr Adel Dubai – Mubasher: Gulf Navigation Holding plans to issue sukuk worth $250 million in September to fund buying new ships, CEO Khamis Juma Buamim said on Monday. The firm plans to expand in Abu Dhabi, Fujairah, and Khor Fakkan in the …
Dubai – Mubasher: Nine sukuk, collectively worth $8.5 billion, were issued on Nasdaq Dubai in the first half of 2017, Albayan newspaper said, citing Nasdaq Dubai’s CEO Hamed Ali as saying. The Indonesian government issued the largest listing with …
Abu Dhabi – Mubasher: Dana Gas issued the text of the call held on 6 July to provide details of the current situation concerning its Al-Mudarabah sukuk, according to a statement. The company discussed its current financial position in the context …
Riyadh – Mubasher: The Saudi Ministry of Finance (MoF) will issue sukuk during July in accordance with the fiscal balance programme, Saudi minister of finance Mohammed Al-Jadaan told Al Arabiya in an interview. The budget deficit for the second …
Abu Dhabi - Mubasher: Abu Dhabi Islamic Bank (ADIB) has launched a second tranche of its Healthcare Pharmaceuticals Equities Basket Note following, according to a press release. The bank said in a statement on Saturday that the moves comes due to …
By: Amr Adel Abu Dhabi – Mubasher: Dana Gas is planning to propose new conditions for its restructured sukuk within weeks, said CEO Patrick Allman-Ward. The company will inform the market, the Abu Dhabi Securities Exchange (ADX), of the …
By: Mahmoud Gamal Abu Dhabi – Mubasher: The UAE stock markets are anticipating the results of Dana Gas' conference call with holders of its Mudarabah sukuk on 6 July, amid expectations that the company will pass through a stumbling stage if it …
Dubai – Mubasher: Majid Al Futtaim Holding has decided to pay periodic dividends for its $500 million worth sukuk which will mature in 2019. The company announced that the dividends were distributed on Monday for the period from January to July …
Abu Dhabi – Mubasher: Dana Gas has decided to postpone the phone conference on Wednesday, 22 June, with its sukuk holders to discuss the plan to restructure existing sukuk, according to a statement. The company will reschedule it to a more …
Mubasher: A report by Standard and Poor's Global Ratings (S&P) showed that assets of the Islamic finance industry amounted to $2 trillion by the end of 2016. The rating agency expects the industry to continue to grow this year, then lose some …
By: Mahmoud Gamal Riyadh – Mubasher: The CEO of Fisch Asset Management, Philipp Good, said that Saudi Arabia acquired 50% of total GCC sovereign bond issues year-to-date. “So far in 2017, sovereigns and corporates have issued around $20 billion …
Abu Dhabi – Mubasher: Dana Gas on Sunday said it filed a pre-emptive lawsuit in the English High Court of Justice in London to protect its interests against any hostile action in connection with its Sukuk Al-Mudaraba sukukholder representatives. …
Abu Dhabi – Mubasher: Dana Gas was granted on 13 June an additional injunction from the commercial division of the High Court of Justice in the British Virgin Islands (BVI), according to a bourse statement. The injunction restrains any enforcement …
Abu Dhabi – Mubasher: Dana Gas said that the Sharjah Federal Court of First Instance issued an injunction pending determination of the company’s application to have its sukuk dated 8 May 2013 deemed unlawful. The injunction restrains the trustee, …
Mubasher: The Central Bank of Bahrain (CBB) announced that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, has been over-subscribed by 148%, according to a statement issued on Tuesday. Subscriptions worth BHD 38.5 …
Mubasher: Meethaq Islamic Banking Company, a subsidiary of Bank Muscat, has obtained the approval of the Omani Capital Market Authority (CMA) to raise the volume of its Sukuk issuance to OMR 44.61 million. According to the bank’s statement to the …
Abu Dhabi – Mubasher: Dana Gas will discuss on Tuesday an initial proposal for restructuring existing sukuk, according to a statement. On 3 May, Dana invited the holders of its outstanding $350 million 9% ordinary certificates and $350 million 7% …
