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Global sukuk supply less than half demand

Demand for sukuk projected to triple in five years; This year's issuance to set record but much smaller; E&Y says supply-demand gap could widen further; Awqaf are becoming major source of demand; Lack of intermediaries, common platform are constraints

September 9, 2012 11:49
 
200-dubai-islamic-bank

PE firm buys 6.6 percent of Jordan Dubai Islamic bank

Jordan-based private equity firm Foursan Group has acquired a 6.6 percent stake in Jordan Dubai Islamic Bank, making it the bank's second largest stakeholder, Foursan said on Thursday.

September 6, 2012 5:42
 
Dubai's Tamweel picks banks for roadshows; sukuk may follow

Dubai’s Tamweel second quarter profit drops 33 percent

Quarterly profit drops for second straight quarter; Revenue falls, sales costs rise; Cash balance triples from 2011-end; Tamweel pulled asset-backed sukuk sale last week

July 11, 2012 12:26
 
Central Bank of Egypt

Egypt’s foreign reserves climb by $18 million in June

Egypt's foreign reserves rose by $18 million in June to $15.53 billion, their third month of increases after having dropped every month since the uprising that ousted Hosni Mubarak in February 2011, the central bank said on its website on Sunday.

July 9, 2012 10:45
 
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