Short-dated sukuk are gaining in popularity, with Saudi Arabia¬ís Islamic Development Bank poised to be the second multinational Shariah-compliant lender to issue the debt by selling securities maturing in as little as 30 days.
Oman c.bank chief says no plan for international bond in 2014
By Martin Dokoupil ABU DHABI, March 4 (Reuters) - Oman does not plan to issue debt on international markets this year but may do so in future, Central Bank Executive President Hamood Sangour al-Zadjali said on Tuesday, adding that the condition of public finances was not a big concern.
Debts of 12 Mena sovereigns to surge 27% to $56b in 2014: S&P
S&P expects that the smaller GCC states of Oman and Bahrain, along with emirates of Ras Al Khaimah and Sharjah, will issue commercial debt in the market.
Oman's largest lender eyes $1.3bn Islamic bond
Bank Muscat, Oman's largest lender, plans to establish a OR500 million ($1.3 billion) Islamic bond programme this year, and expects to conduct the first sukuk issue by an Omani bank in September, a bank official was quoted as saying.
$1bn IDB Sukuk listing on Nasdaq Dubai today
Sukuk listings on Dubai bourses double from $6.85bn in January 2013 to $13.28bn on Dec.
‚ÄčOoredoo‚Äôs sukuk wins ‚ÄėQatar - Deal of the Year‚Äô
DOHA/DUBAI: Ooredoo yesterday announced that it has won ‚ÄúQatar - Deal of the Year‚ÄĚ at the Islamic Finance Awards 2013 held on February 24 in Dubai.
Better Rating Than Uncle Sam Propels IDB Demand: Islamic Finance
A better credit rating than U.S. Treasuries will help propel demand for Islamic Development Bank‚Äôs first dollar-bond sale in nine months as Persian Gulf investors clamor for the AAA sukuk.
Egyptian bond trading platform seen delayed to Q3
CAIRO, Feb 26 (Reuters) - A bond trading platform in Egypt that has been in the works for about 10 years could open for business in the third quarter of 2014 and not in the second quarter as was expected, stock exchange chairman Mohamed Omran said.
Abu Dhabi Commercial Bank¬ís $750m sale rekindles market
The yield on ADCB¬ís notes due March 2018 dropped 34 basis points, or 0.34 percentage points, this year to 2.54 per cent, according to data compiled by Bloomberg.