We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

Latest News

Dubai’s JAFZA repays $2 billion Islamic bond

JAFZA to repay 2 billion bond

JAFZA looks to repay Islamic bond five months ahead of time.


June 24, 2012 11:33 by

Dubai state-owned industrial hub Jebel Ali Free Zone (JAFZA) repaid in full a 7.5 billion Dirhams ($2.04 billion) Islamic bond, or sukuk, on June 21, five months ahead of maturity, according to a regulatory filing from the company.

The early redemption of the sukuk certificates was expected after the company, a unit of state conglomerate Dubai World, secured agreement from bondholders to change the terms of the notes last month.

The sukuk was refinanced through a $1.2 billion sharia-compliant loan, along with a new sukuk issue of $650 million and the company’s own cash resources.

The timely repayment of JAFZA’s sukuk was a major investor concern this year, but early redemption has helped lift confidence in the emirate’s credit story, as demonstrated by a strong rally on Dubai sovereign and government-related bonds last week.


Tags: , ,

Leave a Comment