Posts tagged as: abu dhabi

Sukuk studied to fund Emirates Glass expansion

Sukuk studied to fund Emirates Glass expansion

Dubai Investments is in talks with investors and financial institutions to fund a second phase of the Mussafah manufacturing unit of Emirates Float Glass.
Sultan Bin Saeed Al Mansouri, Minister of Economy, officially inaugurated the upgraded Emirates F…

Abu Dhabi report: Islamic finance sector showing resilience

Abu Dhabi report: Islamic finance sector showing resilience

Abu Dhabi Islamic Bank stated that it will launch The Report: Abu Dhabi 2012.
The report will offer detailed coverage of the resilience that the Islamic finance sector is revealing against a backdrop of global economic uncertainty, bucking trends by re…

Gulf Issuers Turn to Sukuk as European Funding Tightens

Gulf Issuers Turn to Sukuk as European Funding Tightens

Difficult funding in Europe is making Middle East issuers to tap the still-liquid Islamic finance markets for funds.
Dubai-based Emirates Islamic Bank issued a $500 million, five-year Islamic bond with a yield of 4.718%, while Abu Dhabi-based First Gul…

CALL FOR PAPERS – Islamic Finance in a Changing World – Abu Dhabi, October 15-16, 2012

CALL FOR PAPERS – Islamic Finance in a Changing World – Abu Dhabi, October 15-16, 2012

The prime theme of this event will be the impact of the recent rapid changes on the
Islamic finance sector in all pertinent aspects. The Conference will consider the
spectacular political and socio-economic developments that we have been witnessing and…

Al Hilal eyes $500m sukuk in Q1 2012

Al Hilal eyes $500m sukuk in Q1 2012

Al Hilal Bank has chosen three banks to arrange its debut sukuk. The deal is forseen to emerge in the first quarter of 2012.
Standard Chartered, HSBC and National Bank of Abu Dhabi have been assigned by unlisted Al Hilal for a benchmark-sized deal unde…

Abu Dhabi’s ADIB eyes Islamic bond, plans investor meetings

Abu Dhabi’s ADIB eyes Islamic bond, plans investor meetings

Abu Dhabi Islamic Bank (ADIB) will hold investor meetings for a potential dollar-denominated Islamic bond, or Sukuk.
Meetings will begin in Kuala Lumpur on Nov. 17, and will cover Singapore and the United Arab Emirates (UAE), before ending in London on…

Mashreq Al Islamic in sukuk talks with three entities

Mashreq Al Islamic in sukuk talks with three entities

Mashreq Al Islami stated that it is in discussions with three entities including corporates and government related entities to establish sukuk programmes.
Moinuddin Malim, Chief Executive of Mashreq Al Islamic, stated that there is enough liquidity in …

100% Capital Protected ‘ADIB Diversified Basket Note’ Launched

100% Capital Protected ‘ADIB Diversified Basket Note’ Launched

Abu Dhabi Islamic Bank (ADIB) will launch its 100% capital protected ‘ADIB Diversified Basket Note’ that supplies an opportunity to small or large investors to profit from the anticipated strengthening of prices of eight leading commodities.
The note p…

Heads up for Islamic finance

Heads up for Islamic finance

The economic growth in many Gulf countries has signified that an ever increasing number of Muslims and non-Muslims are looking to invest their wealth in a Shariah compliant manner.
Noticing the need for more and more awareness about these principles, u…

FGB issues 5 year $650 million Sukuk to expand its Islamic operations

FGB issues 5 year $650 million Sukuk to expand its Islamic operations

First Gulf Bank PJSC, (FGB), obtained excellent investor endorsement through a six times oversubscription of its $650 million Sukuk (Islamic bonds) issuance.
The FGB Sukuk roadshow started on 21st July 2011. Between the ones invited were Fixed Income i…

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