Tagged: Sharjah Islamic Bank

SIB to host cultural activities

SIB to host cultural activities

<p>Competitions for cash prizes as well as Islamic lectures will be part of the activities at the Sharjah Islamic Bank&rsquo;s (SIB) Ramadan Tent this year. For the seventh consecutive year, from July 11 to 25, the tent will feature various religious awareness and entertaining programmes as well as engagement activities, delivered by an elite group of Muslim scholars and experts. As part of this year&rsquo;s programme, SIB has prepared a wide range of cultural activities and competitions titled &ldquo;Who will encash the cheque&rdquo;, and allocated several cash and material prizes. There will also be a Quran recitation competition, a &ldquo;Social Awareness Night&rdquo;, a children&rsquo;s night, an Emirati evening with religious singing, an evening dedicated to people with special needs and radio broadcasts on Sharjah Radio.</p>
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<p><a href="http://www.khaleejtimes.com/nation/inside.asp?xfile=/data/nationgeneral/2013/July/nationgeneral_July184.xml&amp;section=nationgeneral" title="http://www.khaleejtimes.com/nation/inside.asp?xfile=/data/nationgeneral/2013/July/nationgeneral_July184.xml&amp;section=nationgeneral">http://www.khaleejtimes.com/nation/inside.asp?xfile=/data/nationgeneral/…</a></p>
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SIB squeezes buyside with tight sukuk

SIB squeezes buyside with tight sukuk

Investors labelled a $500m sukuk from Sharjah Islamic Bank this week as exceptionally tight, but the deal nonetheless drew $3.2bn of orders on Tuesday. The sukuk priced inside the initial guidance range, ending up with a profit rate of 2.95% after the …

Sharjah Islamic Bank sets guidance for 5-year sukuk

Sharjah Islamic Bank sets guidance for 5-year sukuk

Sharjah Islamic Bank (SIB) will issue a $500 million five-year sukuk on Tuesday after strong demand helped the lender to set price guidance at lower end of initial indications. Lead arrangers released official price guidance at 3.125 percent. The sukuk…

Gulf banks give Sudan banks a boost

Gulf banks give Sudan banks a boost

Dubai Islamic Bank, Sharjah Islamic Bank and Abu Dhabi Islamic Bank are more than tripling Bank of Khartoum’s capital to around $225 million after it gained a short-term ‘A-1’ rating from The Islamic International Rating Agency last week. Bank of Khartoum’s General Manager Fadi Faqih said its bank wants to boost its agricultural finance business by preparing a fund to attract direct investment from mainly Gulf banks to invest into Sudan’s agricultural sector. Bank of Khartoum also plans to arrange Sukuk for corporate clients in the infrastructure and utility sector for some 150 million pounds this year.

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