• Indosat To Offer IDR1 Tln Conventional Bond, IDR500 Bln Sukuk

  PT Indosat (ISAT.JK) said Friday in a prospectus that it will offer as much as IDR1 trillion ($105.1 million) of five- and seven-year conventional bonds and IDR500 billion of five- and seven-year sukuk tentatively between Dec. 3 and Dec. 4.... Zawya Dow Jones News - 06Nov09

• BSE Lists $100 Million IFC Hilal Sukuk

  Mr. Ebrahim Al Aradi, Acting Director of the Bahrain Stock Exchange (BSE) issued a resolution on Wednesday, 4th November 2009 to list IFC Hilal Sukuk on the Exchange that was issued by Hilal Sukuk... Press Release - 04Nov09

• IFC Lists Its First Sukuk On NASDAQ Dubai

  The International Finance Corporation (IFC), a member of the World Bank Group, today listed its first Sukuk on NASDAQ Dubai, the international exchange serving the Middle... Press Release - 04Nov09

• Dubai To Use Sukuk To Pay $1B Civil Aviation Bond

  The Dubai Civil Aviation Authority will pay off its $1 billion Islamic bond, or sukuk, that matures Wednesday by using proceeds of the $1.93 billion sukuk the emirate's government raised last week, a person familiar with the situation... Zawya Dow Jones News - 04Nov09

• Moody's Downgrades Dubai Cos On New Govt Debt Conditions

  Moody's Investor Services, the credit ratings agency, Wednesday downgraded five major Dubai-government-controlled companies after the emirate's finance department relinquished its obligations to the firms' debts in late... Zawya Dow Jones News - 04Nov09

• UAE Econ Minister: Amlak, Tamweel Merger By Jan 2010

  A merger between troubled Dubai-listed home finance companies Amlak Finance PJSC and Tamweel PJSC will be completed by January next year, the economy minister of the United Arab Emirates... Zawya Dow Jones News - 03Nov09

• Indonesia Seeks IDR1.5T At Nov 10 Sukuk Sale;Offers More Tenors

  Tuesday, Nov 03, 2009JAKARTA (Dow Jones)--The Indonesian government will hold an auction Nov. 10 to sell local-currency sukuk, aiming to raise IDR1.5 trillion ($157.3 million) from the sale of five series of Islamic bonds with a broader range of... Zawya Dow Jones News - 03Nov09

• Lovells advises on supranational Sukuk for IFC, World Bank Group

  International law firm Lovells acted as sole transaction counsel on the first Sukuk issued today by IFC, a member of the World Bank Group. The IFC Sukuk will be dual-listed on Nasdaq Dubai and Bahrain stock exchanges.The IFC Hilal Sukuk is a... Press Release - 03Nov09

• Al-Mukhaizeem: KFH’s success encouraged global banks to enter Islamic banking field

  Demand for sukuk much more than offered Kuwait Finance House (KFH) Chairman and Managing Director Bader Al-Mukhaizeem asserted that despite the short period of time of Islamic banking when compared to conventional banking, it managed to prove its power... Press Release - 02Nov09

• IFC takes the lead

  International Finance Corporation (IFC), the private sector funding arm of the World Bank Group, has seen fit in going to the market to raise $100 million through a US dollar denominated sukuk... Arab News - 02Nov09

• Sime Darby Prices MYR2 Billion Islamic Medium-Term Notes Issue

  Sime Darby Bhd. said Friday it has successfully priced MYR2.0 billion of Islamic Medium-Term Notes, enlarging the issue from MYR1.5 billion due to "overwhelming response in investor demand," at yields of between 3.55% and... Zawya Dow Jones News - 30Oct09

• Dubai bond sale a move in right direction

  Thursday, Oct 29, 2009Dubai's successful bond sale this week was hailed as an important step towards bringing the debt-saddled emirate back on track, but bankers and analysts warned it still needed to raise more money to meet looming repayments.The Gulf's... Financial Times - 29Oct09

• Indonesia Plans Fortnightly Sukuk Auctions Till Year End

  The Indonesian government plans to hold fortnightly auctions to sell local-currency sukuk up to the end of the year to speed up the establishment of a yield curve for Islamic debt, Rahmat Waluyanto, director general for government debt at the finance... Zawya Dow Jones News - 29Oct09

• Pengurusan Air SPV MYR20.0B Bonds Rated AAA -RAM

  RAM Ratings has assigned respective long- and short-term ratings of AAA (stable outlook) and P1 to Pengurusan Air SPV Berhad's ("the SPV" or "the Company") Islamic Medium-Term Notes Programme of up to MYR20 billion in nominal value and Islamic Commercial... Zawya Dow Jones News - 29Oct09

• Pengurusan Aset Air Seeks To Sell MYR2.5B Islamic Bond -Source

  Thursday, Oct 29, 2009SINGAPORE (Dow Jones)--Malaysia's state-owned water asset management company Pengurusan Aset Air Bhd plans to raise MYR2.5 billion (around $730 million) in three-part Islamic bonds, a person familiar with the deal said Thursday.The... Zawya Dow Jones News - 29Oct09

• Malaysia Central Bank Sells MYR3.5B April 2020 GII At Average 4.492%

  Malaysia's central bank Thursday sold MYR3.5 billion worth of April 2020 Government Investment Issues at an average yield of... Zawya Dow Jones News - 29Oct09

• Aramco,Total Appoint HSBC To Arrange Refinery JV Bond -Report

  Thursday, Oct 29, 2009DUBAI (Zawya Dow Jones)--Saudi Arabian Oil Co. has appointed HSBC PLC to arrange a bond to help finance the $9.6 billion Jubail export refinery project on the kingdom's east coast, London-based Middle East Economic Digest reported... Zawya Dow Jones News - 29Oct09

• Wael Al Sayegh, founder of the Alghaf Cultural Consultancy, talks about education, bond sales, and business confidence.

  Rising Business... Dubai Eye - 29Oct09

• Dubai Govt Prices $1.25B Sukuk At 6.39%; AED2.5B At 5.65%

  Dubai's department of finance will issue a $1.25 billion Islamic bond, or sukuk, priced at 6.39% and a 2.5 billion United Arab Emirates dirham ($681 million) sukuk with a 5.65% coupon, the U.A.E.'s official WAM news agency reported late... Zawya Dow Jones News - 29Oct09

• Dubai Prices $1.25B 5-Yr Dlr Bonds, AED2.5B 5-Yr Sukuks At Par

  Wednesday, Oct 28, 2009 By Kejal Vyas and Maria Abi-Habib Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--The government of Dubai on Wednesday sold $1.25 in dollar-denominated bonds and 2.5 billion dirhams worth of Islamic bonds, or sukuks, at par in a... Zawya Dow Jones News - 28Oct09

• Dubai Govt To Issue Sukuk Worth $1.93B - Bankers

  Dubai will issue a $1.93 billion Islamic bond, or sukuk, an amount smaller than the $2.5 billion initially flagged, bankers familiar with the deal... Zawya Dow Jones News - 28Oct09

• Dubai Sukuk Appetite Signals Fin Recovery -Algebra

  The oversubscription of a $2.5 billion sukuk issue on sale now by the Dubai department of finance is a very positive indication of recovery but only marks "the beginning of a lengthy process of dealing with the broader picture of contingent liabilities,... Zawya Dow Jones News - 28Oct09

• Bond and Beyond

  Dubai's government is returning to the open bond market, unveiling plans to raise at least $6.5bn through a mix of conventional and sharia-compliant instruments, looking to bank on renewed investor interest and growing confidence in the emirate.... Oxford Business Group - 28Oct09

• Dubai Govt Sukuk Oversubscribed; Attracts $6.4B

  The book for the Dubai government's two-part, five-year, $2.5 billion sukuk closed oversubscribed Wednesday, with orders totaling about $6.4 billion, bankers familiar with the deal told Zawya Dow... Zawya Dow Jones News - 28Oct09

• Dubai Govt Sukuk Order Book Closed Oversubscribed

  The order book for the Dubai government's two-part, five-year, $2.5 billion Islamic bond, or sukuk, has closed oversubscribed, bankers familiar with the deal told Zawya Dow Jones... Zawya Dow Jones News - 28Oct09

• Government of Dubai successfully issues a benchmark dual-tranche Sukuk

  Dubai: The Government of Dubai, acting through the Department of Finance, has successfully priced an issuance of US$ 1.25 Billion at 6.39% and AED 2.5 Billion 5-year Trust Certificates at 5.65% under its US$2.5bn Trust Certificate Issuance Programme. This... Press Release - 28Oct09

• Dubai Sukuk Order Book Crosses $2.45 Billion

  The order book for Dubai's $2.5 billion sukuk has crossed 9 billion U.A.E. dirhams ($2.45 billion), Emirates Business 24/7 reported... Zawya Dow Jones News - 28Oct09

• Jordan's Government eyes Islamic sukuks

  The Ministry of Finance (MoF) in Jordan is planning to tap Islamic sukuks (bonds) in a bid to attract more capital to finance government... Jordan Times - 28Oct09

• Dubai Sets Price Talk On New Bond At Swaps +3.75 Area

  Dubai has set price guidance on a new bond at around 375 basis points over mid-swaps, one of the banks working on the deal said Tuesday.One syndicate banker said that the new issue will likely be denominated in both dollars and U.A.E.... Zawya Dow Jones News - 27Oct09

• Indonesia Sells IDR200 Billion Sukuk; Below Target

  The Indonesian government Tuesday sold significantly less Islamic bonds than it had targeted as bidders were requesting for overly high yields, the finance ministry said after the country's second open auction of sukuk aimed at domestic... Zawya Dow Jones News - 27Oct09

• Dubai's $6.5B Bond Yield Seen At 6% Or More

  Tuesday, Oct 27, 2009(This item was originally published Monday.)By Andrew Critchlow and Nikhil LohadeOf ZAWYA DOW JONESDUBAI (Zawya Dow Jones)--Debt-laden Dubai government's latest $6.5 billion bond program could yield 6% or more as investors demand... Zawya Dow Jones News - 27Oct09

• Nakheel repayment to help boost Islamic debt

  Islamic bonds are poised for record gains amid confidence that Nakheel, the Dubai market's biggest issuer, will avoid... 7Days - 27Oct09

• Sovereign Backing, Pricing Key For Dubai Bond-MAC

  Appetite for Dubai Government's $6.5B debt program is likely to hinge on sovereign backing and pricing, says Ian Munro, head of research at MAC Capital... Zawya Dow Jones News - 26Oct09

• Dubai's $6.5B Bond Prog May Be Priced At 6%

  Debt-laden Dubai government's latest $6.5 billion bond program could yield 6%, higher pricing than seen for similar bonds issued by oil-rich Abu Dhabi, according to a senior executive at Dubai-based investment bank... Zawya Dow Jones News - 26Oct09

• GE Capital Plans $1Bln Benchmark Islamic Bond - Source

  Monday, Oct 26, 2009(This item was originally published Sunday.)DUBAI (Zawya Dow Jones)--General Electric Capital Corp. (GEX.XX) plans to sell up to $1 billion of Islamic bonds, or sukuk, as early as next week, a banker aware of the deal said Sunday.GE... Zawya Dow Jones News - 26Oct09

• MEED Business News Stories From October 22

  Sunday, Oct 25, 2009The following is a selection of MEED magazine stories published on Oct. 22:1.FIRMS LINE UP FOR RUWAIS REFINERY PROCESS DEALSInternational engineering firms say they are hopeful of a speedy award of the two main construction deals for... Zawya Dow Jones News - 25Oct09

• Tackling Standardisation

  Standardisation, a long-standing issue in Islamic finance, should be addressed properly to avoid damage to consumer confidence in the retail sector and confusion in the corporate... Emirates Business 24/7 - 25Oct09

• Malaysia To Extend, Expand Tax Breaks For Islamic Finance - PM

  Malaysia will introduce new tax incentives for Islamic finance and extend previously announced incentives until 2015 in an effort to further strengthen the country's leadership position in the sector, Prime Minister Najib Razak said Friday.... Zawya Dow Jones News - 23Oct09

• Malaysia To Raise MYR93.0B In Bonds '09 Vs MYR90B-95B Expected

  Malaysia will raise a total of MYR93.0 billion ($27.39 billion) in bonds this year, in line with market expectations of between MYR90 billion and MYR95 billion, to fund its fiscal deficit.... Zawya Dow Jones News - 23Oct09

• Malaysia Central Bank To Sell MYR3.5B April 2020 GII Oct 29

  Malaysia's central bank plans to auction MYR3.5 billion of April 2020 Government Investment Issues Thursday, Bank Negara said Friday.... Zawya Dow Jones News - 23Oct09

• IFC seeks to cut cost of $100m sukuk

  International Finance Corporation (IFC), the private sector arm of World Bank, is planning to lower the cost of its $100 million (Dh367m) sukuk listing in Dubai and Bahrain after discussing it with the bourses, Emirates Business has learned."The whole... Emirates Business 24/7 - 22Oct09

• Dubai CDS Falls To Year's Lowest Ahead Of Bond Roadshow

  Dubai is likely to offer a new bond/sukuk to investors at a global roadshow that begins today. Investors in the UAE will be briefed about the "fixed-income instrument" at a meeting on Sunday followed by London on... Emirates Business 24/7 - 22Oct09

• IFC Debuts $100M Islamic Bond on Dubai and Bahrain Stock Exchanges

  IFC, a member of the World Bank Group, today announced that it will list its first Sukuk (Islamic finance investment certificates) with the Nasdaq Dubai and Bahrain stock... Press Release - 21Oct09

• Nasdaq Dubai Welcomes IFC's Intention to List $100M Sukuk

  NASDAQ Dubai today welcomed the announcement by the International Finance Corporation (IFC), a member of the World Bank Group, that it intends to list a $100 million Sukuk on the... Press Release - 21Oct09

• Nasdaq Dubai CEO: In Talks To List Govt Bonds, Sukuk

  Nasdaq Dubai, one third owned by Nasdaq OMX Group (NDAQ), is in talks with some governments to list conventional and Islamic bonds, or sukuk, on it's bourse, the company's chief executive officer... Zawya Dow Jones News - 21Oct09

• Tamweel Sukuk Limited - Periodic Profit Distribution

  Tamweel PJSC is pleased to announce the Periodic Profit Distribution Amount of AED 11,880,462.00 for the Periodic Distribution Period commencing 21st October 2009 to but excluding 21st January 2010 on its AED 1,100,000,000 Trust Certificates due 2013.... Press Release - 21Oct09

• IFC To Launch $100M, 5-Yr Sukuk On Nasdaq Dubai, Bahrain Mkt

  The International Finance Corp., the investment arm of the World Bank, will list its first sukuk, or Islamic bond, worth $100 million on Nasdaq Dubai and the Bahrain stock... Zawya Dow Jones News - 21Oct09

• Indonesia To Auction Sukuk Tuesday; Targets IDR1.5T

  Indonesia's government aims to raise IDR1.5 trillion ($158 million) through an auction of Islamic bonds Tuesday to help fund the state budget, the finance ministry said... Zawya Dow Jones News - 21Oct09

• SEC assigns a SR6.8b contract for Qurayyah plant expansion

  A consortium led by a Saudi company bagged a SR6.8 billion contract from Saudi Electricity Company (SEC) to expand the Al-Qurayyah Combined Cycle Power Plant located in the Eastern... The Saudi Gazette - 21Oct09

• Dubai Nakheel Repays $1.2 Bln Securitised Bond

  Dubai-based developer Nakheel has repaid a 4.4 billion U.A.E. dirham ($1.2 billion) securitized bond issued in January, Middle East Economic Digest, or MEED, reported Monday, without saying where it got the information... Zawya Dow Jones News - 19Oct09