Islamic Finance

CASE STUDY: Boubyan’s Sukuk Sets a Number of Firsts

Boubyan Bank’s capital boosting sukuk is the first Islamic bond to be issued by a Kuwaiti bank and the first ever Basel III-compliant Tier 1 US dollar-denominated sukuk. The transaction marked Boubyan’s first entry onto the international capital markets. It is the first Tier 1 issuance to emerge from the GCC since November 2015 and the first sukuk out of Kuwait since 2007.

31 May 2016

Jordan’s Central Bank issues debut sukuk

The Jordanian Central Bank’s issued its debut sukuk this week. The high demand for the Islamic bond demonstrates the interest in Sharia compliant forms of financing, and will likely lead to further issuances from other Jordanian entities according to analysts.

24 May 2016

VIDEO: Mohieddine Kronfol, CIO, MENA Fixed Income and Global Sukuk, Franklin Templeton Investments

Mohieddine Kronfol, Chief Investment Officer, MENA Fixed Income and Global Sukuk, Franklin Templeton Investments talks about the dynamics of the GCC fixed income region, as well as Real estate becoming a potential hot spot in the market.

19 May 2016

Oil revenue drought prompts Middle Eastern borrowers to flood market

The large increase in international debt issuances from the Middle East is the result of pressured finances and tightening domestic liquidity. Despite the number of issuances, it is unlikely that smaller borrowers will be crowded out of the markets.

12 May 2016

GCC banks face cash crunch

Both Islamic and conventional banks will face slower asset growth over the next two years due to a number of factors interrelate factors leading to thinning liquidity, with some of the region’s banks expected to hit the market with capital raising issuances in the run-up to Ramadan.

10 May 2016

Turkish FIs flock to international markets

Following deals from both Turkiye Garanti Bankasi’s and Yapi Ve Kredi Bankasi, it has emerged that Turkiye Finans is now also looking to tap the international markets with a Sharia compliant debt instrument as Turkish FIs narrow in on a window of opportunity.

10 May 2016

Oman to strengthen sukuk market

Oman has traditionally had a small Islamic financing sector, the development of which could see a larger number of corporates coming to the sukuk markets, which would help strengthen investment in the country.

25 Apr 2016

Top Dealmaker: The Islamic Banker

Dr. Adnan Chilwan is a leading authority in the field of Islamic Banking & Finance, and a driver of change and innovation in this segment which is now fast becoming a global phenomenon. With a career spanning nearly two decades with both reputed conventional and Islamic banks in the gulf region, he currently serves as the Group Chief Executive Officer of Dubai Islamic Bank, the world’s first…

22 Apr 2016

S&P: Islamic financing could aid UN initiatives

Standard & Poor’s contends that Islamic financing could play a bigger role in humanitarian efforts alongside other projects outlined by the United Nations.

18 Apr 2016

Real estate to drive GCC issuances ahead of World Cup, Expo 2020 Dubai

Qatari real estate heavyweight Ezdan Holding Group announced plans to raise up to US$2bn in Islamic bonds. The move could be a sign of more issuances from real estate firms to come, according to fixed income analysts.

12 Apr 2016

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