Tamweel plans up to $500m sukuk in Q4
Tamweel, the Dubai Islamic mortgage lender, has revealed plans to issue a $300m-$500m sukuk in the fourth quarter of this…
Islamic Finance
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Iran bank chiefs ousted in $2.6 bln fraud fallout
A $2.6 billion financial fraud that has shaken the government of Iranian President Mahmoud Ahmadinejad saw the heads of three…
Emirates NBD plans to expand in Asia Pacific
Emirates NBD, the largest bank by assets in the UAE, is considering opening representative offices in China and a number…
Islamic investment grows to over $1.5 trillion said Al Baker
Islamic compliant products globally stands at over $1.5 trillion. These include equities that conform with Islamic principles, sukuk and Islamic…
Dubai's Tamweel plans up to $500 mln sukuk in Q4
Islamic mortgage lender Tamweel , whose shares resumed trading in May, will issue a $300-$500 million sukuk, or Islamic bond,…
Islamic investment grows to over $1.5 trillion said Al Baker
compliant products globally stands at over $1.5 trillion. These include equities that conform with Islamic principles, sukuk and Islamic funds,…
Man Group to manage ENBD fund
Emirates NBD Asset Management and Man Group yesterday announced a tie-up through which the hedge fund firm will manage one…
Sovereign wealth funds to keep MENA M&A ticking, says HSBC chief
Increased appetite from sovereign funds and restructuring-driven asset sales will help drive a modest recovery in mergers and acquisitions (M&A)…
Islamic fund assets grew 7.6% last year
Islamic fund assets under management (AuM) grew by 7.6 per cent to $58 billion (Dh213 billion) in 2010, up from…
Financial rivalry to boost asset industry
Rising competition among financial centres such as Dubai and Doha should help to develop the Gulf's US$50 billion (Dh183.65bn) asset…
GCC Sovereign Wealth Funds monitor European opportunities
The eurozone is in crisis, and many expect that Middle East money will be used to help bail out struggling…
Bahrain plans $1bn sovereign Islamic bond
Bahrain is planning to issue a $1 billion sovereign Islamic bond and has mandated three banks for the proposed sale,…