Jebel Ali Free Zone FZE wants to raise a mix $1.85 billion from a bank facility and the sale of Islamic bonds to help refinance its 7.5 billion-dirham ($2 billion) debt maturing in November.
It appears that the company authorized Abu Dhabi Commercial B…
Majid Al Futtaim Holding LLC initiated a $1 billion Islamic bond program to boost cash reserves.
It appears that HSBC Holdings Plc, Standard Chartered Plc, Abu Dhabi Islamic Bank PJSC and Dubai Islamic Bank PJSC were hired as arrangers of the program.
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It seems that the Emaar Properties PJSC agreed on an $800 million Islamic loan with three banks that pays 3.5 per cent more than the benchmark rate.
The developer of the world’s tallest tower will also pay fees for the facility, which is supplied by …
Sheikh Salman bin Isa Al Khalifa, executive director of banking operations at Bahrain’s Central Bank, stated that Bahrain is still planning to sell sukuk.
It seems that Bahrain has hired Citigroup Inc., BNP Paribas SA and Standard Chartered Plc to coun…
Five foreign investors and other 3 from Indonesia expressed obvious interest in purchasing 50 percent shares of Bank Muamalat.
The five foreign investors are: Standard Chartered Plc., Qatar Islamic bank SAQ, Oversea Chinese Banking, OCBC Overseas and I…
Standard Chartered Plc and Bank Islam Malaysia Bhd. plan to offer Shariah-compliant derivatives in Malaysia that will allow investors to hedge against interest rates and commodity prices.
Bank Islam Malaysia, the country’s oldest Islamic lender, will…
Tata Group’s investment unit is seeking to attract about $100 million within three years to India’s first Shariah-compliant fund aimed at global investors, targeting equities in a country that lacks regulations for establishing an Islamic debt mark…
Banks in the Persian Gulf are settling for lower fees as competition for bond sales intensifies.
Bond transactions in the six-member Gulf Cooperation Council are recovering after concerns Dubai World, the state- owned holding company, would default on …
Libya’s Central Bank said three European banks and three Arab banks from the Gulf region had qualified for joint-venture bank licence bids. The central bank had said in early February it would allow foreigners to open joint-venture banks with local investors for the first time in 40 years.
European banks such as Unicredito SpA, HSBC Holdings Plc and Standard Chartered Plc were picked to submit bids alongside Arab banks Qatar Islamic Bank, Mashreq Bank and National Bank of Dubai.
The central bank has set June 15 as the deadline for the six to submit the required documents.
Libya has a total of 19 banks, including four devoted to specific banking services, such as Rural Bank, which focuses on microcredits, and Savings and Real Estate Investment Bank, specialising in banking services for real estate and housing, according to local Libyan bankers.
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