Sentences with phrase «n100b sukuk»

A seeker of sexual pleasure, he explains, can get married or fornicate on the side — just as a seeker of financial gain can profit from an Islamic sukuk or a conventional bond.

The minister spoke with bond investors as part of preparations for a third international bond issuance, Reuters reported, after the company placed US$ 17.5 billion in bonds last year and a US$ 9 - billion Sharia - compliant sukuk bond in April this year.

White & Case partner in Dubai Debashis Dey said if the sovereign issuances come to an end then sukuk could grow as investors look for other investment opportunities other than conventional bonds.

China's focus on financial supervision reform, but not on cryptocurrencies; an expected sukuk boom and; US regulators fighting for jurisdiction all made the headlines this week

Al - Rayan Bank's sukuk has elements of both Islamic finance and conventional residential loan securitisation

Standard & Poor's believes that financing ability will likely remain strong, and there likely won't be a direct result of increased Sukuk in 2015Upside for sovereign Sukuk issuance in countries...

Sukuk slowdown in H1 2015, bond market hit by external forces.According to Fitch Ratings, total new bonds and Sukuk (with a maturity of more than 18 months) from the GCC +7 (Malaysia, Indonesia, Turkey,...

The global increase in environmental awareness has led to a marked rise in the appetite for green bonds and this an opportunity for green Sukuk issuances says...

Mohieddine Kronfol, CIO Global Sukuk and MENA fixed income at Franklin Templeton Investments ME, based in Dubai, UAE, explains why more investors are turning to Shari'ah compliance.

The GCC bond and Sukuk market is generally sound, says Philipp Good, CEO and Head of Portfolio Management at Fisch Asset Management, speaking to Banker Middle...

In addition, Moody's says, the issuance will help address a shortage of shariah - compliant liquidity - management instruments for Islamic banks and support the development of a domestic sukuk market by establishing a yield curve.

MIDDLE EAST 2014 SUPPLEMENT By Gordon Platt Islamic finance is going mainstream, with Western countries planning to issue their first sovereign sukuk.

Sukuk issuance is booming, and conventional banks are increasing their purchases of shariah - compliant products and financial institutions.

Samba was a co-manager of Qatar's $ 4 billion dual - tranche sukuk last year.

Saudi Arabia's Ministry of Finance raised 17 billion riyals ($ 4.5 billion) in its first domestic sukuk issuance in late July.

Alinma Bank assisted with structuring the sukuk.

A surge in intraregional mergers and acquisitions and a pickup in Islamic debt, or sukuk, issuance contributed to a 19 % rise in investment banking fees in the Middle East last year, as oil - producing countries in the Gulf funneled some of their export earnings into the purchase of companies in neighboring countries.

This is the largest dollar - denominated sukuk ever and attracted an order book of more than $ 25 billion.

QInvest also was joint lead manager and bookrunner for a $ 4 billion sovereign sukuk for Qatar.

With booming sukuk issuance and excess liquidity, the region is keeping many investment banks active and profitable, helping Middle Eastern economies to develop and become more integrated.

THE ALLURE OF ETHICAL BANKING By Gordon Platt Islamic banks in the Gulf region are tapping into growing demand for ethical banking and are upping their game in structuring sukuk and wholesale banking services.

Sukuk represents undivided shares in the ownership of tangible assets relating to particular projects or special investment activity.

LAGOS — As the pressure on federal revenue mounts following steady decline in oil revenue, the Federal Government would be resorting to a Sukuk Bond for funding the widening budget deficit.

Sukuk is a financial certificate, similar to the traditional government bond, but complies with Sharia, Islamic religious law.

Because the traditional bond comes with interest paying structure which is not permissible under the Islamic financial system, the issuer of a Sukuk bond would sell the certificate to an investor group, who then rents it back to the issuer for a predetermined rental fee.

The Sukuk option in federal government finance will be coming in addition with other unconventional budget funding strategies of the President Muhammadu Buhari's first budget.

Though Nigeria would be the third West African country to issue Sukuk after Senegal and Cote d' Voire, Osun State had rolled out USD62 million Sukuk in 2013.

In a groundbreaking announcement made during the ninth World Islamic Economic Forum (WIEF)- the first time the forum has ever been held outside the Islamic world - prime minister David Cameron boldly declared that the Treasury is drawing up plans to issue a # 200m Sukuk (a form of bond that complies with Islamic financial law).

* ROAD: 25 major highways being funded with the N100b Sukuk Bond, and all geo - political zones are benefitting equally

The US, UK, China, South Africa have all used the Sukuk.

He explained that the recent uproar over the country's subscription to Sukuk Bonds was not justified.

According to him, there were no plans to Islamise Nigeria through the Sukuk bond or the country's membership of the Islamic Development Bank.

He said, «The Sukuk is an Islamic concept, which enables people to have access to credit.

He cited a letter dated 12 November 2015 with reference No: LM94 / vol4 / 277 in which the House requested the Accountant General to come forward and update the House on the Sukuk Bond, bailout fund and multilateral loans of the state.

He gave the challenge while reacting to claims by CAN that the President Muhammadu Buhari - led Federal Government intended to Islamise Nigeria through the N100 billion Sukuk bond.

Speaking at a strategic dialogue roundtable organised by the Social Economic Rights and Accountability Project (SERAP), Falana insisted that the Sukuk bond was legitimate.

Commenting on Sukuk bond, the Minister said, «The Administration is embarking on a massive infrastructural renewal.

With the N100 Billion Sukuk Bond, the government is constructing 25 roads in all the six geo - political zones.

The news that the Federal Government is seeking to issue a N100bn Sukuk bond reminds us of how Osun under Governor Rauf Aregbesola blazed the trail in 2013.

Okanlawon, while congratulating the Federal Government for looking in the direction of Sukuk as an alternative revenue source for infrastructure provision, said Nigerians have reasons to give kudos to Aregbesola for his ability to identify and raise the awareness on Sukuk as an easier avenue of raising funds for live - changing projects.

He added, «In June 2014, Britain, two clear years after the Osun experience, went the way of Oun for Sukuk to raise funds.

«His government came under heavy criticisms and accusations of another attempt to use the Sukuk bond to Islamise the state.

Mr Olusegun Akinmade, the Federal Controller of Works in Yobe State says the injection of Sukuk fund into the Federal Government ongoing road project...

And three years after that, we have not heard of any religious complication as a result of Sukuk.»

He reminded those who want to make false religious claims out of the Federal Government's move on Sukuk to drop the idea fast noting that other non-Islamic countries of the world have utilized Sukuk as source of fund raising.

Okanlawon advised the Secretary General of the Christian Association of Nigeria Secretary General Musa Asake, who described the adoption of Sukuk as an aberration, to come to the state and see what fruits have come out of the Sukuk initiative by the Aregbesola administration.

This is totally out of tune with the reality that Sukuk presents to us.

«However, it is much more worthy of note that as usual with many of the novel developments ideas which were pioneered by the Aregbesola administration, the Sukuk adventure was met with stiff opposition by those who failed to comprehend the development initiatives of the governor.

The N100bn Sukuk bond recently taken and already dished out by the Buhari administration for the construction and reconstruction of 25 roads around the nation was the provocateur of the latest expression of fear, fright, and fuss.

The Dow Jones Sukuk Total Return Index (ex-Reinvestment) increased 3.78 % YTD, while the Dow Jones Sukuk Higher Quality Investment Grade Select Total Return Index gained 3.50 % YTD.