Islamic bonds: then there was light

Islamic bonds: then there was light
It’s no fun being a bond investor these days. You either invest in safe havens like US and German bonds and get a negative return, or go on adventure in countries like Spain and can’t be sure you’ll get your money back. So the emergence of Shariah compliant sukuk offers an appealing middle way. With ...

QIIB mulling sale of its Islamic bank in Britain

QIIB mulling sale of its Islamic bank in Britain
IBB confirmed it had received an approach by QIIB, which currently owns a controlling 88.41% stake, to take over the remaining shares with a view to a possible sale as it considers the strategic future of the UK bank. Masraf Al Rayan, the biggest Islamic bank in Qatar, had said on Monday that it had ...

Johor Corp’s Sukuk Orders Said to Exceed Supply Three Times

Johor Corp’s Sukuk Orders Said to Exceed Supply Three Times
  Malaysia’s state-owned investment company, sold 3 billion ringgit ($948 million) of Islamic bonds that drew bids for more than three times the amount on offer, two people familiar with the matter said. It issued five-, seven- and 10-year notes at yields of 25-29 basis points over the government’s non-Shariah-compliant securities, said the people, who ...

Dubai’s Noor Islamic Bank Seeks Business In Singapore, Malaysia

Dubai’s Noor Islamic Bank Seeks Business In Singapore, Malaysia
Noor Islamic Bank, a lender controlled by Dubai’s government, said it’s seeking business in Singapore and Malaysia as it aims to benefit from growth in Southeast Asia. “I’ll be interested in any transaction that comes up,”Hussain Al Qemzi”, chief executive officer of the United Arab Emirates-based lender, said in an interview in Singapore today. “Malaysia is the ...

Barwa Bank offering three-year, capital protected Islamic notes

Barwa Bank offering three-year, capital protected Islamic notes
Barwa Bank is offering a “unique” Shariah-compliant three-year capital protected notes linked to the Turkey and Indonesia equity markets until June 21. “The Turkey Indonesia Equity Capital Protected Note is an investment opportunity for investors seeking potentially higher returns with 100% capital protection. The growth is based on the performance of a selected basket of ...

Noor Islamic Bank launches structured investment products

Noor Islamic Bank launches structured investment products
Noor Islamic Bank has launched two structured wealth management investment products, which offer clients an exposure to a diverse range of asset classes while minimising their risk through one structured deposit. The new products allow clients to invest in precious metals, currencies, equities, energy and agricultural commodities, with 100 per cent capital protection. Hussain AlQemzi, Chief ...

Discussion on how to raise debt capital via Sukuk markets, taking place at Oman Islamic Banking and Finance Conference 2012

Discussion on how to raise debt capital via Sukuk markets, taking place at Oman Islamic Banking and Finance Conference 2012
Sukuk or Islamic bonds enable organisations to raise capital in a Shariah compliant manner. The demand for sukuk was previously limited outside the GCC until few years ago and the year 2012 sees Oman as an emerging potential sukuk market among Thailand and the CIS countries. Since the concept of “Sukuk” is a fairly new ...

Understanding banking customers better with Mr. Hamza at the Oman Islamic Banking and Finance Conference 2012

Understanding banking customers better with Mr. Hamza at the Oman Islamic Banking and Finance Conference 2012
“The Customer is King” is an expression often used and never disregarded. However while the power of the customer is not underestimated, lesser attention is paid to his care and understanding, two elements important in fostering long-term relationships with customers. These two elements apply to fields all over the world, but more importantly to sectors ...

Sukuk in Africa inevitable more than anywhere else

Sukuk in Africa inevitable more than anywhere else
High demand by investors could overcome the high cost of selling sukuk African states more than ever need to fund growth plans, construction, refinance and spur investment. While reasons to tap the Islamic finance market vary from one state to another, the main ones are: 1. Many of these countries are predominantly inhabited by Muslims ...

BLME Signs Islamic Banking Deal With Global Marine for Wind

BLME Signs Islamic Banking Deal With Global Marine for Wind
Bank of London and The Middle East Plc, the London-based Islamic bank, signed a 14 million-pound ($22 million) deal to help Global Marine Systems Ltd. buy a vessel to install subsea power cables at offshore wind farms. The leasing transaction with the Essex, England-based marine technology and engineering company is the Shariah- compliant bank’s first ...