Egypt launches first domestic sovereign sukuk, five times oversubscribed – ministry
Egypt has issued its first local-currency sovereign sukuk, raising 3 billion Egyptian pounds, as part of efforts to…
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islamic bonds
Egypt starts investor meeting for debut sukuk sale
Egypt has started on Friday meeting with investors ahead of a potential debut sale of Islamic bonds -- known as…
HSBC, Citi among banks to manage Egypt’s first Islamic bonds
Egypt has named six international banks, including Citigroup and HSBC Holdings, to manage its first sale of…
Egypt sets size of debut sukuk at $1-2 billion: minister
Egypt has set the size of its planned debut Islamic bond or sukuk issue between $1 billion and $2 billion, its…
Egypt to issue green, Islamic, variable-yield bonds within 2 years: minister
Egypt is looking to issue three new bond offerings within the next two years, its Finance Minister Mohamed Maait…
Egypt’s Talaat Moustafa says unit to issue corporate sukuk
Arab Company for Project and Urban Development, part of Egyptian property developer Talaat Moustafa Group, plans to…
UAE’s Majid Al Futtaim to raise $600 million by selling green sukuk
UAE-based developer and shopping mall operator Majid Al Futtaim is set to raise $600 million by selling “green”…
Gulf mostly quiet, Dana Gas leaps in Abu Dhabi
Gulf stock markets were mostly quiet in thin, early trade on Monday although Abu Dhabi-listed Dana Gas jumped…
Investors in $700 mln sukuk issued by UAE’s Dana Gas propose restructuring
Holders of about $700 million of Islamic bonds issued by Abu Dhabi-listed Dana Gas have submitted a restructuring…
JPMorgan includes sukuk to emerging markets indices
U.S. investment bank JPMorgan will add Islamic bonds, or sukuk, in its emerging markets indices for the first time…
Saudi Aramco to hold talks with banks on sukuks
Saudi Arabian Oil Co has held talks with banks about selling Islamic bonds for the first time, according to three…
Islamic Bonds to be issued in Egypt early FY2015-16 – Minister
The Egyptian government hopes to issue sukuk, or Islamic bonds, at the beginning of the 2015/2016 fiscal year, the…
Who’s Who in Egypt’s Islamic Supervision Committee for Sukuks
Egypt's financial regulator has selected 14 Islamic banking scholars to form the Islamic Supervision Committee for…
Sukuk activation to be Restudied in Egypt – Official
Egypt is to reconsider the Islamic bonds (Sukuk) file within the upcoming phase, said the market regulator chairman…
Bank of England May Broaden Islamic Liquidity Tools
The Bank of England is studying ways to increase the number of sharia-compliant assets that Islamic financial…
Egypt Watchdog Allows Investment Funds to Manage Insurers’ Cash
Egypt's financial watchdog will allow insurance and reinsurance companies operating in the country to assign part…
Egyptian Financial Regulator to Retry Sukuk Rules in Early 2014
Egypt's financial regulator will submit new rules to the government in January to facilitate issuance of sukuk, or…
Egypt’s Islamic Bonds Controversy Resurfaces
An announcement made recently by Deputy Prime Minister Ziad Bahaa El-Din that a currently-suspended law…
Dubai Says Will Soon Publish New Sukuk Standards
Dubai expects to publish in one or two weeks new standards for issuing and trading Islamic bonds, which it hopes…
IDB to Launch $10 Billion Islamic Bond Program in Dubai
The Islamic Development Bank (IDB) ISDBA.UL will set up a $10 billion sukuk issuance program on the Nasdaq Dubai…
Tunisian Parliament Approves Islamic Sukuk Bond Issues
Tunisia's parliament has passed a law that will allow the state to issue Islamic bonds, or sukuk, a move that…
Egypt Plans to Issue Sukuk in Early 2014
Egypt aims to issue a sukuk to international and domestic markets at the beginning of 2014, the country said in its…
Egyptian Upper House Agrees On New Bonds Law
Egypt’s Shura Council (upper house of parliament) agreed on Tuesday on the bonds draft law that was introduced by…
Egypt Seeks Up to $1 Billion From Debut Sukuk: Islamic Finance
Egypt plans to raise as much as $1 billion by June from the sale of its first Islamic bonds as the government…
JP Morgan Group Delegation To Visit Egypt Today To Discuss Sukuks
Dr. Ahmed El Naggar, Adviser to Egypt’s Minister of Finance and responsible for Sukuk draft file, announced that US…
Egypt Rules Out Using Canal, State Assets To Back Islamic Bonds
Egyptian prime minister Hisham Qandil has ruled out plans to use the Suez Canal or other state assets to back…
Egypt’s Islamic Research Complex Rejects Sukuk Draft, Islamists Present Alternatives
Egypt’s Islamic Research Complex has rejected the Islamic bonds (sukuks) draft law which was submitted by the…
Suez Canal Bank To Launch Sukuk Soon
The Suez Canal Bank targets to launch a number of sharia-compliant products such as sukuk (Islamic bonds) during…
Qandil Says Egypt To Sell Sukuk After New Law Is Approved
Prime Minister Hisham Qandil said Egypt plans to sell sukuk, or Islamic bonds, after new legislation on the debt…
FGB’s Sukuk Named “Best Islamic Deal In The UAE”
First Gulf Bank ( FGB ), the leading financial partner of choice in the UAE, was awarded the 2012 "Best Islamic…
Financing Sukuk Regulation to be Ready in 3 Months
Dr. Ashraf Al-Sharkawi, the EFSA’s chairman, has asserted that the regulations on the Capital Market Law no.…