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Islamic

Dubai's DMCC launches Islamic Commodity

Dubai hosts first Islamic commodity trade

DMCC, Dubai's government-owned commodities centre, hopes the maiden transaction encourages others to follow, says executive chairman Ahmed Bin Sulayem

March 26, 2013 1:57
 
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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
 
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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
 
Saudi Electric may go for long Sukuk tranche

Saudi Electric may go for long Sukuk tranche

Massive demand for Saudi Electric Co's (SEC) first international sukuk issue may prompt the company to include a rare long-dated tranche -- and could encourage issues by other utility companies in the Gulf.

March 26, 2012 4:28
 
Abu Dhabi’s TAQA prices $215 mln ringgit Islamic bond

Abu Dhabi’s TAQA prices $215 mln ringgit Islamic bond

Abu Dhabi National Energy Co (TAQA) raised $215 million from the sale of a Malaysian ringgit-denominated Islamic bond, or sukuk, it said on Sunday, as part of plans by the state-run oil and gas utility to diversify its funding sources.

February 26, 2012 11:22
 
Tunisian Parliament bloc proposes Islamic constitution

Tunisian Parliament bloc proposes Islamic constitution

The third-largest party in Tunisia's constituent assembly, charged with writing a new constitution, proposed on Monday a draft document based on Islamic law which will likely alarm the country's secularists.

February 21, 2012 4:39
 
Iran to stop oil exports to “some” countries soon

Iran to stop oil exports to “some” countries soon

Iran's oil minister said on Sunday the Islamic state would soon stop exporting crude to "some" countries, the state news agency IRNA reported.

January 30, 2012 3:23
 
Omani Islamic banks to float by June

Omani Islamic banks to float by June

Bank Nizwa, Al Izz to IPO by June, according to central bank sources, with Oman Arab Bank likely to lead the offering.

January 23, 2012 2:07
 
Dana Gas says will meet upcoming debt obligations

Dana Gas says will meet upcoming debt obligations

Dana hires international financial advisor for sukuk; Says in 'constructive' talks with Egypt govt on late payments; Shares fall to fresh all-time lows before recovering

January 17, 2012 2:55
 

Kuwait Finance House makes $96M profit from Saudi exit

The Saudi unit of Kuwait Finance House, the Gulf state's largest Islamic bank, made a 360 million riyals ($96 million) profit from the sale of a real estate project in the kingdom, the bank said in a regulatory filing on Sunday.

January 8, 2012 10:42
 
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