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

Cr. Agricole sees $3bln in Islamic bond issuance

The deals will include the long-awaited $1 billion Islamic bond, or sukuk, to finance the Jubail refinery.


October 11, 2010 1:33 by

Credit Agricoleexpects to close two or three Islamic bond deals worth up to $3 billion in the next six months, the head of its Islamic finance unit said on Monday.

Simon Eedle said the deals will include the long-awaited $1 billion Islamic bond, or sukuk, to finance the Jubail refinery — a joint venture between state-owned Saudi Aramco and France’s Total .

He said the other two deals will be benchmark offerings. Benchmark issues are usually around $500 million.

“We would be disappointed to not close two or three deals in the next six months,” he said.

Eedle added that the larger Gulf sukuk market will likely see at least $10 billion in issuances, led by financials, in the next six months. He said most issuances will come from high credit-quality markets such as Abu Dhabi, Qatar and Saudi Arabia.

“We know that there are plenty of deals mandated in the region and deals to be won,” he said.

Eedle added that the time is also right for sukuk issuances outside of the Gulf region and he expects more investment money from the West to tap the Islamic finance market in 2011.

(Reporting by Shaheen Pasha; Editing by David Cowell)


Tags: , , ,

Leave a Comment