Posts Tagged ‘Sukuk’
Dar Al-Arkan Real Estate Development Company, a residential real estate developer in the Kingdom, announced on Tuesday that it has successfully redeemed its inaugural sukuk issue of March 2007.
Issued by DAAR International Sukuk Company, the la
Dar Al-Arkan Real-Estate Development Company announces repayment of its Sukuk due 7th of March 2010 amounting to SAR 2,250,000,000 (US$ 600,000,000). The Company transferred the total value of principal amounts to the principal paying agent (Deutsche Bank
Dar Al-Arkan, Saudi Arabia’s biggest property developer by market value, said it had repaid an Islamic bond, or sukuk, worth 2.25 billion Saudi riyals ($600 million).
The sukuk’s arranger Deutsche Bank had confirmed repayment of the bond, Dar A
Nakheel, the Dubai World property arm that narrowly avoided a debt default in December, asked on Friday through a clearing house for the details of its 2010 bond holders, according to a banker who received the notice.
The notice, sent by Nakhe
Nakheel, the indebted property developer owned by Dubai World, is preparing investors for a “liability management exercise” over the terms of a sukuk due for repayment in May.
A source close to the company, who declined to be identified, yester
Power, oil and gas and financial services became the three largest sectors that dominated the Islamic bond (sukuk) issuances last year, according to a Bank of America Merrill Lynch study. According to the DIFC Sukuk guide, several companies, especially fr
In fulfillment of its promise to launch new products to the Egyptian market, and in full compliance with Shari’a regulations, NBD is launching for the first time in Egyptian Islamic banking the “Yosr Murabha” personal finance program and “Islamic Sukuk” u
A London-based private healthcare organisation is set to issue the first-ever Islamic bond in Britain next month, a transaction that would strengthen the UK’s credentials as a centre for Islamic finance.
The firm is looking to raise around 50 m
The International Islamic Financial Market (IIFM) today released its Sukuk Report (1st Edition) and the Sukuk Issuance Analysis 2001-2009 on its newly developed website. “Information and specific Islamic Capital and Money Market research is part of IIFM’s
The State Bank of Pakistan has declared Sukuk certificates issued by Pakistan International Airlines Corporation (PIAC) as an approved security. According to a Circular (BSD Circular No. 1) issued by the State Bank on Tuesday, PIAC Sukuk Certificates can
