• Sukuk premium falling 70pct as Asia sales jump: Islamic finance
• UAE's ADIB launches $5 bln sukuk issuance program
• Abu Dhabi Islamic bank has ‘no immediate plan’ for Sukuk sale
• Clarification from ADIB
• Gulf crisis spurs sukuk funds to seek stronger asset rights
• $100 million Sukuk on Malaysia bourse
• RAM assigns final rating Of AAA to CJ Capital's proposed Sukuk Murabahah
• S&P forecasts Takaful growth
• Great potential for Takaful sector to continue growth
• Amlak waives charges to spur settlement
• Qatar Islamic Bank second-quarter profit declines 35 pct
• Kuwait Finance may post $266 mln half-year profit, Rai says
• Meezan Bank Best Islamic Financial Institution in Pakistan
• UAE Central Bank plans to develop debt market
• Fitch affirms QNB ratings with ‘stable IDR outlook’
• CBD’s net profit up 2.3 pct
• NBK's strong profit confirms sound financial position: Dabdoub
• Nakheel outlines debt plan to bank lenders
• Finance House posts profit
• Calls grow for burka ban in Britain as French outlaw Islamic 'walking coffins'
• Tycoon plans EUR1mln fund to fight French niqab ban

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From Bloomberg: The yield premium on Indonesia’s sovereign sukuk over non-Islamic bonds is down 70 percent since the bonds were sold in April 2009, while Malaysia’s debt rallied to a record as investors gain confidence in the securities. (more...)

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From Reuters: Abu Dhabi Islamic Bank ADIB.AD plans to raise as much as $5 billion through the sale of Islamic bonds, or sukuk, under a trust certificate issuance program detailed in a July 8 prospectus. (more...)

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From Bloomberg: Abu Dhabi Islamic Bank PJSC, the United Arab Emirates’ second-biggest bank complying with Islamic banking rules, said it has updated its Islamic bond or sukuk program and has no immediate plans to sell bonds. (more...)

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Abu Dhabi Islamic Bank would like to confirm that the media reports published on 14 July 2010 regarding the bank's plans to raise US$5 billion from Sukuk sales are not correct. ADIB is not issuing a new Sukuk, but rather updating the initial program that was launched in 2006. (more...)

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From Gulf-times.com: The Dubai debt crisis is prompting investors in the $130bn Islamic bond market to seek stronger rights of ownership of assets to protect against defaults, said a US-based Shariah scholar. (more...)

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From Thehimalayantimes.com: Japan’s top securities firm Nomura will list its inaugural $ 100 million of Islamic bonds on Bursa Malaysia as the company looks to diversify its funding sources, officials said on Tuesday. (more...)

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From Bernama: RAM Rating Services Bhd has assigned a final rating of AAA to CJ Capital Sdn Bhd's proposed sukuk murabahah of up to RM114 million. (more...)

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From Business24-7.ae: After another positive year in 2009, the Takaful and Retakaful (Islamic insurance and reinsurance) sector is likely to continue to grow this year, Standard & Poor's (S&P) said in its latest report on Wednesday. (more...)

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From Bernama: The takaful industry has great potential to continue its growth on strong demand for its products not only from the Muslims but also the non-Muslims. (more...)

Email Add Comments More stories about: Insurance (Takaful), People

From Business24-7.ae: In a move aimed at generating cash to reduce its financial liabilities, Amlak Finance is waiving off prepayment charges for a limited period to allow partial settlement for ready properties. (more...)

Email Add Comments More stories about: Finance, Financial Instruments (Credit Cards, Debts, Loans, Mort, Insurance (Takaful)

From Bloomberg: Qatar Islamic Bank, the Gulf state’s biggest lender complying with Muslim banking rules, posted a 35 percent drop in second-quarter profit that fell short of analyst estimates. (more...)

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From Bloomberg: Kuwait Finance House, the country’s largest Islamic bank, may announce a first-half net income of 77 million dinars ($266 million), Al-Rai reported, citing unidentified people familiar with the matter. (more...)

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Global Finance magazine awarded Meezan Bank with Best Islamic Financial Institution in Pakistan at its Annual Awards for Worlds Best Islamic Financial Institutions 2010. (more...)

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From Tradearabia.com: The United Arab Emirates Central Bank wants bankers to work out a plan for developing a local debt market to allow business to raise funding locally and complement an existing equity market. (more...)

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From Gulf-times.com: Fitch has affirmed QNB’s short and long-term issuer default and individual and support ratings besides giving a stable outlook on the bank’s long-term issuer default. (more...)

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From Business24-7.ae: Commercial Bank of Dubai’s (CBD) net profit, after collective and specific provisions for non-performing loans, amounted to Dh513 million ($139.6 million) in the first half of this year, compared to Dh502 million ($136.6 million) a year earlier. (more...)

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From Arabtimesonline.com: National Bank of Kuwait (NBK), the largest Kuwaiti bank and the highest-rated in the Middle East, reported net profits of $499.3 million (KD 145.2 million) for the first half of 2010 compared with $433.4 million (KD 126.1) for the same period in 2009, an increase of 15 percent. (more...)

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From Reuters: Debt-laden Dubai property developer Nakheel outlined detailed terms of its plans to repay bank lenders on Wednesday, asking them to respond to the proposal by August 31. (more...)

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From Business24-7.ae: Abu Dhabi Exchange-listed Finance House has posted a net profit of Dh62.13 million ($16.91 million) for the first half of the current year, compared to Dh63.25 million ($17.21 million) for the same period last year, according to a press release posted on the Abu Dhabi Exchange website. (more...)

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From Dailymail.co.uk: Britain faced growing calls to ban the burka today after French MPs voted overwhelmingly to outlaw full-face veils in public. Politicians in France united yesterday to ban Islamic veils that cover a woman's face, which some described as 'walking coffins'. (more...)

Email Add Comments More stories about: Emerging Trends

From Guardian: A French property tycoon enraged at his government's plans to ban women from wearing the full veil in public has promised a fund of €1m (£830,000) to help any Muslim who is fined for wearing the niqab in the street. (more...)

Email Add Comments More stories about: Funds, Islamic Law / Economics

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