#Sukuk

Adam Boukadida, Etihad CFO

Exclusive: Etihad’s CFO on restructuring, recovery from Covid crisis

Adam Boukadida is hopeful that air travel will pick up towards the end of 2021

FIrst-abu-dhabi-bank-atms

UAE’s First Abu Dhabi Bank issues five-year $500m sukuk

It attracted a total orderbook of around $1.5bn which represents a three times over-subscription rate

Nasdaq Dubai Dubai Islamic Bank

Dubai Islamic Bank lists $1bn sukuk on Nasdaq Dubai

Dubai Islamic Bank is now the largest UAE-based sukuk issuer by value on Nasdaq Dubai with a total of $7.3bn listed on the exchange

Saudi Arabia’s Acwa Power set to raise $1bn in sukuk sale

The sukuk will be used to help fund Acwa’s share of an $8bn acquisition of gasification and power assets at Jazan

Nasdaq Dubai

Private sector arm of Islamic Development Bank, ICD, lists $600m sukuk on Nasdaq Dubai

The five-year sukuk was oversubscribed nearly three times

Emirates Islamic Nasdaq Dubai Sukuk

Emirates Islamic lists $500m sukuk on Nasdaq Dubai

The latest listing brings the bank’s current sukuk value on the exchange to $1.5bn

Dubai’s Emirates Islamic closes $500m sukuk issuance

Bank ABC, Citigroup, Dubai Islamic Bank, Emirates NBD Capital, and HSBC, among others acted as joint lead managers and bookrunners for the transaction

Bahrain offers dollar bond, sukuk to plug growing budget gap

Bahrain is on course to rack up a deficit that the International Monetary Fund projects will be at 15.7 per cent of gross domestic product

Dubai

Dubai issues $2bn in sukuk and bonds at lowest ever interest rate

Dubai Islamic Bank, Emirates NBD, First Abu Dhabi Bank, HSBC, and Standard Chartered Bank were mandated to manage the issuance process

Bahrain’s Al Salam Bank partners with Bahrain bourse, Central Bank on new Shari’a-compliant framework

New structure reduces fees and provides an alternative for local financial institutions traditionally reliant on international brokers

Dubai Islamic Bank lists $300m sukuk on Nasdaq Dubai

There is a total of $71.09bn sukuk now listed on the exchange

Sharjah Islamic Bank lists $500m sukuk on Nasdaq Dubai

The latest listing raises the total value of sukuk listed in Dubai to $69.29bn

Dubai Islamic Bank lists $1bn sukuk on Nasdaq Dubai

The sukuk was nearly 4.5 times subscribed with a profit rate of 2.95 per cent per annum

Bahrain’s GFH Financial Group lists $200m sukuk on Nasdaq Dubai

This marks GFH’s second sukuk listing on Nasdaq Dubai, following the listing of a $300m sukuk in February this year

Sharjah hires banks for $1bn sukuk sale

A sale could happen as soon as this week and proceeds will be used for general budgetary needs, sources said

Dubai’s DIFC Plans $700m Sukuk Issue By End-October: Governor

Proceeds from the issue will be partly used to refinance existing debt as well as provide cash for infrastructure investment.

10 Biggest GCC Sukuks In 2012

As more regional and international companies turn to Islamic bonds to raise capital, Gulf Business lists the biggest Sukuks issued so far this year.

Global Sukuk Demand Far Exceeds Supply -E&Y

Current outstanding demand for Islamic bonds totals an estimated $300 billion.

Kuwait’s NIG To Repay $475m Sukuk On Time

National Industries Group Holding said that it has raised enough finance to repay the Sukuk when it matures on August 16.

Deutsche Bank: “Sukuk Premium Disappeared”

The Islamic premium no longer exists says one banking professional, stimulating greater issuance and longer tenors.