Moody’s Investors Service reaffirmed Islamic Development Bank for the sixth consecutive year „Aaa“ long-term and P-1 short-term foreign currency issuer rating with a „stable“ outlook.
In Moody’s oppinion, IDB reflects the presence of strong shareholder…
Finance Minister Agus Martowardojo stated that Indonesia has nominated three arrangers for the planned global sukuk, likely to be issued in the third quarter.
Unfortunetly, the names of these arrangers weren’t given.
Standard & Poor’s kept Al-Arkans Long-Term Corporate Rating „BB-„,retaining a Stable Outlook.
The reaffirmation was given, taking in consideration that DAAR’s financial performance during the second quarter improved in comparison to the first quart…
Officials from Sulaimani state that the Kurdistan Regional Government (KRG) is trying to encourage foreign and local investment in the province.
Sulaimani is way behind in development and investments, if we compare it to the regional capital Erbil.
But…
Three banks were picked by Saudi Aramco and France’s Total to arrange an Islamic bond (sukuk) and to finance their joint venture in the kingdom.
Lead managers were appointed and joint bookrunners for the sukuk: Deutsche Securities Saudi Arabia, Samba C…
Syarikat Takaful Malaysia Berhad (Takaful Malaysia) fed 66 children of Al-Khaadem Home Of Hope. They also received duit raya. The children were between four and 16 years.
Takaful Malaysia board member Zakaria Ismail also introduced the company’s zakat …
Custodian of the Two Holy Mosques King Abdullah issued the national fundraising campaign for famine-hit Somalis by donating SR20 million.
The telethon has been granted one more day.
Crown Prince Sultan contributed with R10 million to the fund while Sec…
It seems that Abu Dhabi Islamic Bank (ADIB) has arranged successful Suhoor for ultra high net worth ladies of Al Ain. Holy Quran launched the event with a recitation, followed by Dr. Mohamed Sultan Al Ulama, Dean, UAEU Libraries, speaking about the imp…
Barwa Bank was advised by Eversheds to procure Al Yusr.
This is the first purchase of an Islamic finance window by an Islamic bank in Qatar, and also the first deal of its kind in the region.
The development is now that Barwa Bank is able to accelerate…
Alhaji Sani Aminu Dutsinma is a financial analyst and politician and the former State Co-ordinator of poverty eradication programme in Katsina State. He gives his strong oppinion about Islamic banking and other issues related to Nigeria’s economic poli…
