Ahmad Hamad Algosaibi & Brothers plans to make a new offer on US$7.2 billion of debt to creditors as it seeks to bounce back from the Middle East's biggest corporate default. The Saudi Arabian company, which runs a bottling plant for PepsiCo Inc. (…
The last couple of years of financial crisis proved to be unfavourable for the international banking sector. Nevertheless, one sub-sector was growing rapidly and reached significant success – Islamic finance. The majority of people still have not enoug…
The last couple of years of financial crisis proved to be unfavourable for the international banking sector. Nevertheless, one sub-sector was growing rapidly and reached significant success – Islamic finance. The majority of people still have not enoug…
The banks that will advise the sukuk sale of Bahrain are: Citigroup, BNP Paribas and Standard Chartered. This is chasing Bahrain’s government raising the public debt ceiling by BD1bn ($2.65bn) to BD3.5bn.
Islamic Development Bank (IDB) is going to issue a benchmark dollar-denominated Islamic bond. So far they have limited to government-linked and high-rated bonds.
Arrangers are : BNP Paribas, HSBC, Standard Chartered and Deutsche Bank.
BNP Paribas (BNPP.PA) named Tariq Al-Samahiji as global head of its Islamic finance and investments business and chief executive of the bank’s Islamic finance arm, Najmah. Al-Samahiji will be based in Bahrain, which is the bank’s regional hub, and the …
The possibility of the first sovereign or corporate sukuk origination out of France took a step nearer when the French government announced that it had passed new instructions to facilitate the introduction of sukuk, Ijara, Murabaha and Istisna product…
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