Dubai – Mubasher: The Nasdaq Dubai exchange has welcomed the listing of AED 3.3 billion ($900 million) sukuk by Sharjah Islamic Bank (SIB) and DAMAC Properties. The last sukuk listing – AED 1.8 billion ($500 million) by SIB and AED 1.47 billion …
Dubai – Mubasher: DAMAC Properties has launched a $400 million (AED 1.47 billion) sukuk sale, with a five-year maturity and a yield of 6.625%. The Dubai-based and listed developer announced that it received around $850 million (AED 3.12 billion) …
Mubasher: Qatar Central Bank’s (QCB) intends to issue the 2017 same amount of debt instruments this year. Sheikh Abdullah bin Saud al-Thani, QCB governor, expected that the bank will issue bonds and sukuk at a combined value of QAR 47.5 billion …
Abu Dhabi – Mubasher: Sharjah Islamic Bank (SIB) has mandated HSBC and Standard Chartered to coordinate an over $500 million (EUR 355.6 million) sukuk sale, with a five-year maturity. The notes will be issued in the coming weeks, while the sale …
Dubai – Mubasher: DAMAC Properties Dubai Co has appointed banks, including Barclays and HSBC Bank to manage a potential sale of US dollar-denominated sukuk. The Dubai-based real estate developer is projected to hire more banks to arrange the …
Dubai – Mubasher: Nasdaq Dubai has celebrated the listing of five-year $500 million sukuk by Dar Alarkan Real Estate Development Company. Oversubscribed by two times, the new sukuk will boost Dar Al-Arkan’s investments and real estate activities …
Dubai – Mubasher: Drake & Scull International (DSI) has unveiled plans to issue a 5-year AED 450 million convertible sukuk in the second quarter of 2018. The sukuk sale will be issued as a private placement or public issuance at a price of AED 3 …
Mubasher: The CEO of Qatar International Islamic Bank (QIIB) said that the second tranche of the mudarabah sukuk will be issued at a total value between $400 to 500 million. Abdulbasit Al Shaibei added that the decision comes after studying …
Mubasher: The ordinary general meeting (OGM) of Qatar International Islamic Bank (QIIB) has approved the board’s recommendation to distribute 40% of capital as a cash dividend for fiscal year 2017. The Qatar-listed bank will pay QAR 4 per share to …
Riyadh – Mubasher: The Saudi Investment Bank (SAIB) has sold a SAR 1 billion Shariah-compliant Tier I Sukuk through a private placement offer in Saudi Arabia. The Islamic bond sale will boost the SAIB's capital base and adequacy ratios, the …
Riyadh – Mubasher: The Saudi Ministry of Finance (MoF) announced finalising its local tap issue of Islamic bonds under the government’s SAR-denominated sukuk programme. The issue’s volume amounted to SAR 4.85 billion, while the total volume of …
Mubasher: Nasdaq Dubai on Sunday announced listing the $1.25 billion sukuk for the Islamic Development Bank (IDB). This new listing raises the number of IDB’s sukuk on the Dubai-based exchange to nine, while their total value amounts to $11.5 …
Dubai – Mubasher: Emirates plans to launch a $600 million 10-year sukuk at a profit rate of 4.5%, according to a company statement. “The yield was cut from an initial guidance, which was in the high 4% range,” Bloomberg reported, citing a source …
Dubai – Mubasher: The Nasdaq Dubai exchange welcomed the listing of a 10-year $1 billion sukuk issued by the Emirate of Sharjah, the UAE-based bourse announced on Thursday. The new listing increased the total value of sukuk listed in Dubai to …
Riyadh – Mubasher: Saudi Arabia-based Dar Al Arkan Real Estate Development Company on Thursday announced closing the fifth tranche of sukuk issuance under its dollar-denominated Islamic sukuk programme at a value of SAR 1.875 billion ($500 …
Abu Dhabi - Mubasher: Abu Dhabi Islamic Bank (ADIB) launched on Wednesday a capital-protected, Sharia-compliant equities basket note with a 12-month maturity aimed at identifying the growth potential of companies operating in the cybersecurity …
Dubai - Mubasher: Dubai-based airline Emirates plans to raise AED 4 billion through an Islamic bond sale, chairman of the world's largest airline by international passengers Ahmed bin Saeed Al Maktoum said. Sukuk issuance will boost the group’s …
Mubasher: The Qatar Central Bank (QCB) has sold sukuk and bonds amounting to QAR 2 billion ($549.4 million) on Monday 12 March 2018. The bank sold five-year conventional bonds at a total value of QAR 1.1 billion, while the issued sukuk amounted to …
Abu Dhabi – Mubasher: The Sharjah Court of First Instance issued orders regarding Dana Gas’ sukuk case prohibiting the Abu Dhabi-listed energy company from withdrawing, discharging, or abandoning the court’s orders in favour of Dana or the …
Abu Dhabi – Mubasher: Dana Gas is on the verge of making a deal with sukuk holders to restructure its $700 million Islamic bonds matured on 7 October 2017, sources familiar with the matter said. The Abu Dhabi-listed gas producer offered two …
Abu Dhabi - Mubasher: First Abu Dhabi Bank (FAB) has concluded the issuance of a $650 million 5-year sukuk under its $2.5 billion Trust Certificate Issuance Programme, according to a filing to the Abu Dhabi Securities Exchange (ADX). The new …
Mubasher: Qatar Islamic Bank (QIB) on Thursday announced that the ordinary general assembly and the extraordinary general assembly approved distributing a cash dividend of 50% of the nominal value of share capital, equalling QAR 0.5 per share for …
Mubasher: Saudi Arabian Mining Company (Ma’aden) announced that its subsidiary, Maaden Phosphate Company (MPC) has successfully completed the offering of its Shariah compliant sukuk for SAR 3.5 billion. The issuance consists of 3,500 certificates …
Dubai – Mubasher: Dubai Islamic Bank (DIB) has celebrated the listing of $1 billion sukuk on Nasdaq Dubai, the Emirati bourse said in a statement on Tuesday. The new listing is deemed DIB’s sixth sukuk listing on Nasdaq Dubai, which makes the …
Mubasher: Al Rayan Bank-UK, a 68.84% owned by the Qatar-based Masraf Al Rayan, on Wednesday announced that it is on the verge of completing its first ever sukuk issuance through residential mortgage-backed securities. The total value of the sukuk …
