Sentences with word «sukuk»

Her words, «This is the first Sukuk Bond issuance in Nigeria.

The Dow Jones Sukuk Total Return Index (Ex - Reinvestment) delivered a total return of 6.37 % in 2014, which outperformed its 0.23 % gain in the prior year; see Exhibit 1 for the index performance.

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.

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

Clifford Chance recently advised Sharjah Islamic Bank in connection with its US$ 400million, fixed rate sukuk issuance.

The Dow Jones Sukuk Total Return Index (ex-Reinvestment) rose 4.47 % as of Dec. 29, 2017 (see Exhibit 1).

Notable transactions Indraj has advised on involving clients from the middle East are the financing of the Shard of Glass building in London, the re-structuring of a # 5 billion pan European and MENA property portfolio and advising and structuring the one of the first Sukuk issues in Qatar.

A total of 11 sukuk with a total outstanding par of USD 19 billion were added to the index so far this year, which surpassed the USD 16.75 billion of new additions in 2016.

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

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

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

Partner Craig Nethercott, who co-led the transaction, commented: «The success and volume of interest shown by global investors in the inaugural 30 year international Sukuk of SEC represents a milestone in the development of Islamic finance and will no doubt be replicated by other companies in the Middle East seeking to obtain longer - term financing.»

He also listed initiatives such as the introduction of interest - free Islamic bond, Sukuk as an alternative source of financing for life changing projects; introduction of free train services for the indigenes to travel during festive seasons; introduction of same school uniforms which creates jobs for local tailors, introduction of statewide security network which ensures that all parts of the state are secured as some of the initiatives that have been experimented with in the state.

Some performance highlights of the year included; Rasmala Global Sukuk Fund, which generated a net return for investors of 4.97 per cent; the Rasmala GCC Fixed - Income Fund, which produced a net return of 6.83 per cent and Rasmala Leasing Funds 1 and 2, which have to date paid average annual cash distributions of 12 per cent and 9.2 per cent respectively.

As tracked by the index, new sukuk issuances came from countries like Saudi Arabia, Indonesia, Oman, and Hong Kong.

In terms of total return performance, the Dow Jones Sukuk Index rose 4.00 % YTD as of Nov. 30, 2016 (see Exhibit 2).

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

DUBAI, April 30 - Saudi Arabia's Islamic Development Bank has hired banks to explore the possibility of a euro - denominated sukuk issue, sources familiar with the matter said.

Demand for sukuk continues to exceed the available supply.

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.

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.

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

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.

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

Longer - maturity sukuk continued to outperform among the maturities - based subindices YTD.

Looking closer at index constituents, the underperformers were sukuk Read more -LSB-...]

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).

The recent Rasmala sukuk fund launch doesn't move the needle much.

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.

CORPORATE FINANCING NEWS: CORPORATE DEBT By Gordon Platt A series of three major sukuk issues in Saudi Arabia in the first week of April demonstrated the growing depth of the debt capital markets in the kingdom, where corporations are...

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

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

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

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

We can easily urge the CAN scribe to take a trip to Osun to ascertain the huge transformations that have been brought on the state through the proceeds of Sukuk alone.

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

In 2017, the USD sukuk market expanded at its quickest pace in the past five years.

The Dow Jones Sukuk AAA Rated Total Return Index was the underperformer in the five - year period.

Needless to say, the poor roll - out of the business, poor news flow, loan / Sukuk writedowns and underlying operational losses since 2008 have cratered the share price and valuation.

It has minimized leverage in response to the current market environment, its B / S has been marked down for loan / Sukuk losses, and it's now minimizing its annual expenses.

SNR Denton's Islamic Finance practice advises on the full range of Shari'ah - compliant activities, including Sukuk, transactional banking, project finance, M&A, structured finance, regulatory reform, funds, private equity, investment funds and takaful.

US$ 400 million Trust Certificates due 2016 issued by SIB Sukuk Company II Limited on behalf of Sharjah Islamic Bank.

This same team advised on a number of successful Sukuk in the past 18 months including a complex liability management project for the Government of Ras - Al - Kaimah and further issuances by the Islamic Development Bank.

Clifford Chance and Al - Jadaan & Partners have advised BNP Paribas Investment Company KSA and GIB Capital LLC (GIB Capital) in their roles as joint lead managers and bookrunners on the issuance by SBG Sukuk Limited

Funds successful in professional negligence claim against BNP Paribas in «Golden Belt» Sukuk litigation: [2017] EWHC 3182 (Males J.)

His contribution has been acknowledged by the organisers of the ICG Sukuk Summit Awards with an award for his «Outstanding Contribution to Islamic Finance in the UK».

Loh and Kwan Hoe Chan assisted Affin Hwang Investment Bank as lead arranger and manager on Widad Capital's sukuk murabaha medium term notes programme of up to RM120 million.