• GE Capital Sukuk Issued,Priced At 175Bps Over US Tsys

  General Electric Capital Corp., a unit of General Electric Co. (GE), priced its benchmark $500 million Islamic bond, or sukuk, issue at 175 basis points over U.S. Treasuries, a banker familiar with the transaction said Thursday.... Zawya Dow Jones News - 19Nov09

• GE Capital Completes First Sukuk Offering of US$500 million

  GE Capital, the finance arm of General Electric (NYSE: GE) announced the completion of its inaugural "sukuk" Islamic bond issuance tailored for investors across the Middle East, Asia and Europe.... Press Release - 19Nov09

• GE Cap May Price Islamic Bond Thurs At 175 Over Tsy

  General Electric Capital Corp., a unit of General Electric Co. (GE), is expected to price its planned Islamic bond worth at least $500 million at around 175 basis points over U.S. Treasuries, a banker aware of the deal... Zawya Dow Jones News - 18Nov09

• A new dawn for Dubai?

  Dubai has its day in the sun as it fully pays off a $1 billion Sukuk, bringing a renewed sense of confidence to a previously uncertain... Islamic Business and Finance - 18Nov09

• KFH-Bahrain Joint Lead Manager and Bookrunner for Landmark Sukuk issue for IFC

  Bahrain (KFH-Bahrain) acted as a Joint Lead Manager and a Bookrunner for the US$100m Sukuk issue for the International Finance Corporation (IFC; S&P AAA; Moody's Aaa), the private sector arm of the World Bank Group.... Press Release - 17Nov09

• First Sukuk Underscores IFC Commitment to Middle Eastern, North African Capital Markets

  IFC, a member of the World Bank Group, today asserted that strategic investments in Gulf Cooperation Council countries can strengthen financial markets and promote economic development in the Middle East and North... Press Release - 17Nov09

• Fitch: Tourism Development & Investment Sukuk AA

  Fitch Ratings has assigned TDIC Sukuk Limited's (TDIC Sukuk) USD1.45bn Sukuk programme (the programme) a final 'AA' rating. Fitch has also assigned the issue under the programme, of USD1.0bn 4.949% certificates due 21 October 2014, a 'AA'... Zawya Dow Jones News - 16Nov09

• Abdulkadir Hussain, CEO of Mashreq Capital, talks about GE's new sukuk and how it is expected to perform.

  General Electric Taps Into Sukuk... Dubai Eye - 16Nov09

• Kuwait's Dar to Present Debt Restructuring Plan To Creditors

  Monday, Nov 16, 2009(This item was originally published Sunday.)DUBAI (Zawya Dow Jones)--Kuwait's Investment Dar (TID.KW), the Islamic financial firm that owns half of British luxury carmaker Aston Martin, plans to present a proposed debt restructuring... Zawya Dow Jones News - 16Nov09

• Luxembourg advised of more involvement in Islamic finance

  The Luxembourg office of PricewaterhouseCoopers (PWC) in a report on Islamic finance published at the end of October 2009, has urged greater involvement and visibility from the Luxembourg government and regulators if it is serious about establishing the... Arab News - 16Nov09

• Malaysia renews pledge to Islamic finance

  Islamic bankers have welcomed the announcement by the Malaysian government of several key incentives to ensure the rapid development of the Islamic finance in... Arab News - 16Nov09

• Saad Says $650M Golden Belt 1 Sukuk Skips Payment On Bk Freeze

  The Saad Group said Sunday it missed a scheduled payment on its $650 million Islamic bond, the Golden Belt 1 sukuk, and asked creditors to refrain from legal... Zawya Dow Jones News - 15Nov09

• Stock Picking

  Saudi Arabia clearly stands out as the market to bet on, but there are others as well, and a careful, disciplined stock picking approach will pay ample dividends, writes Matein... MONEYworks - 15Nov09

• Morgan Stanley Sees $35B Total Mideast Bonds In 09

  The value of new bond issues sold by Middle East borrowers in 2009 may hit $35 billion as the need for funding increases and bank financing remains tight, a senior Morgan Stanley (MS) executive... Zawya Dow Jones News - 12Nov09

• Tabreed's revenue up 15%

  National Central Cooling Company, or Tabreed, the Abu Dhabi-based utility company released its third quarter 2009 consolidated financial results, showing total revenue increased by 15 per cent to Dh570.7 million, compared to Dh498.3m in the same period... Emirates Business 24/7 - 12Nov09

• Bahrain's Domestic Debt Up To BHD1.2B At End Of 3Q '09

  Bahrain's domestic public debt increased by 165 million Bahraini dinars ($437.6 million) in the third quarter of 2009 to reach BHD1.2 billion at the end of the quarter, Manama-based Al Wasat daily... Zawya Dow Jones News - 12Nov09

• Nakheel Says In Talks With Dubai World On Sukuk Maturity

  Dubai-based property developer Nakheel, which has a $3.52 billion Islamic bond due in December, said Wednesday it is in discussions with its parent company Dubai World regarding the sukuk's... Zawya Dow Jones News - 11Nov09

• Investment Dar Nears Pact On $3.5B Debt Restructure

  Kuwait's Investment Dar, the Islamic financial firm that owns half of British luxury carmaker Aston Martin, is close to a deal to restructure about one billion Kuwaiti dinars ($3.5 billion) of debt, a company spokesperson... Zawya Dow Jones News - 11Nov09

• GE Capital To Launch $1B Sukuk Next Week, Tap GCC Money

  General Electric Capital Corp., a unit of General Electric Co (GE), is expected to launch the sale of up to $1 billion of Islamic bonds next week, a banker aware of the deal... Zawya Dow Jones News - 11Nov09

• Etisalat to keep bond until 2010

  Etisalat sees better opportunities for bond issuance in 2010, its chairman Mohammed Hassan Omran said yesterday."It seems the market is ready and UAE companies can get good ratings," Omran said."Financial institutions have told us there is a better... 7Days - 11Nov09

• Moody's: Sukuk Issuance Surges, Dominated By Gvt-Related Entities

  Global issuance of sukuk has surged in recent months in a marked turnaround from earlier in the global credit crisis, Moody's Investors Service notes in a new Special Report.... Press Release - 10Nov09

• Indonesia Raises IDR1.08 Tln In Sukuk Auction;Target IDR1.5 Tln

  The Indonesian government raised IDR1.08 trillion from a sukuk auction Tuesday, below its target of IDR1.5... Zawya Dow Jones News - 10Nov09

• Indosat Sets Indicative Coupons For IDR1 Trillion 5-, 7-Year Bonds

  PT Indosat (ISAT.JK) said Tuesday it has set an indicative coupon between 10.2% and 11.2% on its upcoming five-year bonds and between 10.58% and 11.68% on its seven-year... Zawya Dow Jones News - 10Nov09

• Sharjah to raise capital for tourism

  Sharjah Investment and Development Authority (SIDA) has started talks with banks to raise capital through an Islamic sukuk to invest in tourism projects worth Dh10 billion, a top official... Gulf News - 10Nov09

• Government Of Dubai Issues Largest Sovereign Sukuk Ever

  DUBAI - Allen & Overy has advised on the Government of Dubai's inaugural sukuk issue which is both the largest sovereign sukuk ever and the largest international sukuk from the Middle East in 2009. The sukuk was issued in two tranches with an aggregate... Press Release - 09Nov09

• Sukuk Renaissance

  A brighter outlook for the region next year is helping to assuage investors' concerns about AAOIFI's views on sukuk, writes Arsalaan Ahmad Siddiqi of Al Rajhi... Zawya Dow Jones News - 09Nov09

• Khaled Masri, Partner at Rasmala Investments, talks about the payback of a $1 billion aviation bond by the Dubai government and Q3 results.

  Market Outlook - Moving... Dubai Eye - 09Nov09

• Happy New Year?

  Bankers and CFOs are itching to close their books for 2009, hoping to have logged the worst of their impairments, and crossing their fingers for an economic upturn next... Emirates Business 24/7 - 09Nov09

• Dubai Department Of Finance Repays Dubai Civil Aviation Authority $1 Billion Sukuk

  Dubai, 8 November 2009: The Government of Dubai, acting through the Department of Finance, confirms today that it has repaid in full the $1 billion Dubai Civil Aviation Authority sukuk, which matured on 4 November 2009.This comes after the Government of... Press Release - 08Nov09

• Dubai Says Repaid $1B Civil Aviation Authority Sukuk

  Dubai's government has paid off in full the Dubai Civil Aviation Authority's $1 billion Islamic bond, or sukuk, the emirate's department of finance said Sunday, less than two weeks after the emirate raised $1.93 billion through a sukuk... Zawya Dow Jones News - 08Nov09

• UAE Leads GCC Debt Market In 2009

  The debt market in Gulf oil producers rebounded by a staggering 64 per cent in the first nine months of 2009 and the UAE emerged as the leader in the issuance of conventional bonds, according to a Saudi investment... Emirates Business 24/7 - 08Nov09

• Islamic Finance is coming of age: IFC lists Sukuk on the DIFC

  On 4 November, 2009 the International Finance Corporation, an affiliate of the World Bank listed an Islamic bond, a Sukuk on the DIFC's international exchange, Nasdaq-Dubai.... Press Release - 07Nov09

• 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