Tagged: Abu Dhabi Commercial Bank

Tamweel postpones sukuk

Tamweel postpones sukuk

Tamweel took the decision to delay the sale of a $235 million Shariah-compliant asset-backed securitisation after receiving feedback from the market. It seems that the deal structure was too complex by regional standards, which has only ever seen one p…

Global sukuk cheaper and more plentiful in 2011

Global sukuk cheaper and more plentiful in 2011

November 2011 showed a record number of sukuk issues totaling USD 8.86 billion globally, according to data compiled by Zawya Sukuk Monitor. Major launches contain a global seven-year USD 1 billion sukuk sold by Indonesia in the international markets fo…

114 projects under ‘guaranteed funding’ plan

114 projects under ‘guaranteed funding’ plan

The number of projects registered under the Dubai Land Department’s (DLD) Tayseer programme has reached 114 and the first funding agreement under the scheme is expected to be finalised soon.
Until now, seven banks have signed with the DLD for financi…

Amr Al Menhali, new Head of Islamic Banking in ADCB

Amr Al Menhali, new Head of Islamic Banking in ADCB

Abu Dhabi Commercial Bank appointed Amr Saad Al Menhali as the new Head of Islamic Banking for the Bank.
In addition to his business role, Amr is also a nominated board member by ADCB for Abu Dhabi Finance (ADF) and Abu Dhabi Commercial Islamic Finance…

Sukuk yields rise most in 9 months on unrest

Sukuk yields rise most in 9 months on unrest

Islamic bonds, led by securities in the Arabian Gulf, underperformed emerging-market debt in February as spreading unrest across the Middle East caused the biggest monthly rise in yields since May.
Investors are shunning Middle East assets as protests …