The Government of Dubai mandated five banks to arrange a benchmark-sized, dollar-denominated Islamic bond which is expected to price on Tuesday in the low four percent area. The mandated banks to arrange the deal are Dubai Islamic Bank, Emirates NBD, H…
The National Bank of Abu Dhabi (NBAD) has received the award Dubai Chamber of Commerce ‘&’ Industry Centre for Responsible Business CSR Label. The award is a reflection of the recognition of the bank’s responsible and sustainable business practices…
The Central Bank has postponed the implementation of three most important reforms regarding the security of chip and pin debit cards. According to the National Bank of Abu Dhabi and Emirates NBD, the emirate’s banks are not yet ready to implement the n…
Just as HSBC Holdings announced it would shrink its Islamic banking operations in a number of countries, the National Bank of Abu Dhabi made plans to increase the contribution of its Shariah-compliant operations three times over the next eight years. T…
It seems that Dubai Islamic Bank has issued a $500 million (Dh1.8 billion), five-year sukuk sale after gaining good request.
Helping arrange the Regulation S transaction, after DIB met fixed-income investors in Asia, Middle East and Europe over the pas…
It appears that Dubai’s Jebel Ali Free Zone is discussing with banks how to repay its Dh7.5 billion ($2bn) Islamic bond until November, with most of the liability set to be given up by using a syndicated loan and a new sukuk. The banks that are taken i…
Abu Dhabi government-owned Al Hilal Bank has validated the appointment of three banks to administer its debut $500 million Islamic bond issue, which will be launched later this year.
Mohamed Berro, chief executive, noted that the banks chosen for the i…
Emirates Islamic Bank (EIB) has successfully ended the issuance of $500 million sukuk certificates, maturing in 2017 off their $1,000 million Trust Certificate Issuance Programme. The programme is guaranteed by Emirates NBD rated A3 by Moody’s and A+ b…
Abu Dhabi’s First Gulf Bank (FGB) has chosen four banks for a five-year benchmark-sized Islamic bond: Citi, HSBC, National Bank of Abu Dhabi and Standard Chartered.
The timeframe for sukuk hasn’t been decided yet.
Emirates Islamic Bank, is anticipated …
Emirates Islamic Bank has agreed upon an initial price whisper in the area of 350 basis points over midswaps for its five-year sukuk.
The potential sharia-compliant transaction is being launched by Emirates Islamic Bank but is backed by its parent comp…
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