The Central Bank of UAE has told banks to allocate provisions of 80 per cent of their exposure to the collapsed Saudi family business conglomerates Saad and Algosaibi by the end of 2010.
Central bank governor Sultan Al Suwaidi said central bank’s appro…
Saudi Hollandi Capital has introduced five new investment funds to investors in the Saudi market, bringing the total number of investment funds to 22, including 10 Islamic Sharia-compliant funds.
These investments represent an attempt to maximize total…
Nigerian Jaiz International PLC is working to launch its banking operation by August 2011with technical support from the Islami Bank Bangladesh Limited (IBBL).
An agreement on technical services was signed between the IBBL and Jaiz Bank in the capital …
DP World Sukuk Limited confirms the the payment of its periodic distribution for DP World Sukuk Limited, USD 1,500,000,000 Trust Certificates due 2017.
The downgrade reflects Fitch’s revised view of potential support from its majority shareholder, Bahrain-based Albaraka Banking Group (ABG). While Fitch believes ABG has a strong propensity to support, its ability to do so cannot be relied upon, given i…
The Islamic Finance Program (IFP) Manager at Harvard University Nazem Ali stated that Kuwait Finance House achievements in numerous projects and its innovation in the Shariah compliant products and services that it offers are taught to the students and…
Last week in Jeddah was signed a memorandum of understanding (MoU) between the Islamic Development Bank (IDB) and the African Development Bank (AfDB) to cooperate in co-investment in projects in member countries mutual to both multilateral development …
India’s Bombay Stock Exchange launched a share index of sharia-compliant companies on Monday in an attempt to open stock-trading to more Muslims.
The BSE TASIS Sharia 50 consists of the largest and most liquid sharia-compliant stocks within the BSE 500…
Yemen will increase a planned 2011 Islamic bond to $500 million, but investors will have to pay high premiums.
The bond issue was delayed to the first quarter of next year to give the government more time to iron out technical aspects of the sale.
Anal…
Please note the following redemption, received on 22/12/2010:
Issuer: RAKIA SUKUK CO LTD
ISIN: XS0333617420
Paying Agent: MTN
Redemption Type: Full Call
Call Price: 100.00%
Partial Call Price:
Currency: USD
Outstanding Balance: 325,000,000.00…
