The cross-regional Islamic investors increasingly embrace the product, so more Sharia-compliant real estate investment trusts (REITs) will come to market in Asia in early 2011.
Singapore’s first Sharia-compliant REIT, Sabana REIT, listed on Friday, has…
Sabana Shariah Compliant REIT , which owns industrial properties, fell as much as 3.4 percent on Monday, its second day of trading.
Besides being affected by overall weaker market sentiment, investor interest also switched to another bigger IPO.
Shares…
The government hired CIMB Investment Bank Bhd., a Kuala Lumpur-based unit of CIMB Group Holdings Bhd. as a lead manager to sell between $1 billion and $1.5 billion of the securities.
This sell won’t however appeal to most local funds unless the emirate…
Ajman Bank has signed a cooperation agreement with Ajman Real Estate Regulatory Agency (ARRA) to offer real estate financing to end users, purchasing properties in Ajman. Ajman Bank will offer up to 60% finance-to-value to end users purchasing resident…
With an initial public offering of $3bn, the world’s biggest Islamic bank is set for official launch before the end of the year by Sheikh Saleh Kamel, chairman of Al Baraka Banking Group.
The mega bank announced last year will have an initial capital o…
Although Singapore has the stated ambition of developing the island-state into a global hub for Islamic capital markets products, the only other regulatory development of note has been the consultation on the proposal of the Monetary Authority of Singa…
After a dispute over a restructuring plan Kuwait’s Investment Dar has announced that the panel representing most of its creditors has resigned. The coordinating committee of debtors wanted the firm to give up 90% of the company in return for less than …
The government sold 3 billion ringgit ($952 million) of Shariah-compliant notes due 2020 at an average yield of 3.998 percent, Bank Negara Malaysia announced on its website. Demand exceeded the amount of debt offered by 2.46 times.
It can be seen more …
An expert in Islamic financing has warned that some Sharia-compliant products in Europe do not actually comply with the strict teachings.
Shebab Marzban, product development officer for Egypt-based Ideal Ratings, said that many western fund managers fa…
The Central Bank of Bahrain wants to reinvent Islamic finance as it suggests that smaller players may be squeezed out of the US$1tn market as regulatory standards tighten.
Governor Rasheed Al-Maraj told the 17th annual World Islamic Banking Conference …
