Tagged: AmIslamic Bank

AMIslamic issues first tranche of RM2bn Sukuk

AMIslamic issues first tranche of RM2bn Sukuk

AmIslamic Bank has launched the first tranche of its proposed RM2bn ($627m) subordinated Sukuk program, the notes being launched under a Musharakah contract.
The Sukuk program has been assigned a long-term rating of A1 by Malaysian-based RAM Rating Ser…

ENBD, Man Group in sharia fund tie-up

ENBD, Man Group in sharia fund tie-up

Emirates NBD’s asset management arm and Man Group will tie-up in order to see the hedge fund firm manage one of the lender’s sharia-compliant funds.
Emirates Islamic Alternative Strategies Fund will be taken over by Man Investments. The assets will be …