Ambrose, Author at's Posts

IMF: Malaysia is world leader and standard-setter in Islamic finance

IMF: Malaysia is world leader and standard-setter in Islamic finance

Outstanding Islamic Debt Securities Approching Conventional Debt Malaysia is a world leader and standard-setter in Islamic finance. In recent years, the government increased the use of Islamic debt instruments for funding purposes. In April 2016, the government issued its fifth dollar-denominated sovereign sukuk (Malaysia 2026, and Malaysia 2046) for US$1.5 billion using nonphysical assets as coll... »

Boeing Looks to Islamic Finance and Sukuk for Funding

Boeing Looks to Islamic Finance and Sukuk for Funding

Boeing Exporing Islamic Finance Opportunities Boeing Capital is exploring opportunities for Islamic finance in the aviation sector and the possibility of including aircraft finance in the Islamic sukuk market, in which an aircraft finance portfolio would be secured by an instrument known as the Enhanced Equipment Trust Certificate. Boeing Capital in the Middle East As a wholly owned Boeing subsidi... »

Russian Bank Helps Arrange USD Dollar Sukuk

Russian Bank Helps Arrange USD Dollar Sukuk

VTB Capital has helped arrange a $500 million sukuk for UAE based property developer Damac (NR/BB/NR). The sukuk issued in the name of Alpha Star Holding III Limited drew demand of around $1 billion and was priced at a profit rate of 6.25%. The issuance came in tighter than its initial price guidance of 6.5% and will be used to repay Damac’s USD650m sukuk due in 2019. Primary Sukuk Market The prim... »

IDB adds Goldman Sachs, Drops JP Morgan as Sukuk Arranger

IDB adds Goldman Sachs, Drops JP Morgan as Sukuk Arranger

Goldman Sachs helps arrange Islamic Development Bank Sukuk The triple A rated Islamic Development Bank in its regular Sukuk issuance dropped JP Morgan as an arranger, instead selecting Goldman Sachs to assist it in its $1.25 billion offering. JP Morgan had previously been an arranger in IDB’s two issuances the previous year when the Islamic supranational last issued a $1.25 billion offering achiev... »

Islamic Finance Challenges Highlighted in Saudi Sukuk

Islamic Finance Challenges Highlighted in Saudi Sukuk

Islamic Banks Miss out on Saudi Sukuk The Kingdom of Saudi Arabia has issued two sovereign Sukuk in its debut international hard currency Sharia compliant debt issuance.  Issued in two tranches of $4.5 billion each, the issuances represent the largest sukuk ever issued beating Indonesia’s previous record issuances of $2 billion in March of this year, as well as from May 2015. Both of the Saudi suk... »

IMF: Islamic Banks Need to Improve on Financial Safety Net, Liquidity

IMF: Islamic Banks Need to Improve on Financial Safety Net, Liquidity

Report by IMF highlights key challenges facing the Islamic Financial Industry. Islamic Banking (IB) has grown rapidly in value and geographical reach, and has become an important and integral part of the financial systems in many countries. Though IB accounts for less than 2 percent of global finance, IBs currently operate in more than 60 countries and the industry has become systemically importan... »

UK Central Bank Launches Islamic Banking Liquidity Consultation

UK Central Bank Launches Islamic Banking Liquidity Consultation

Central Bank Looking to Implement Fund Based Deposit Shari’ah compliant liquidity facilities Consultation paper looks at establishing a fund based deposit facility for UK Islamic Financial institutions. The work to develop a Shari’ah compliant facility commenced in the second half of 2015, and is part of the Bank’s more general approach to broadening market access to central bank liquidity facilit... »

The Islamic Perspective on Development and Shared Prosperity

The Islamic Perspective on Development and Shared Prosperity

    World Bank Group, and Islamic Development Bank CC BY 3.0 IGO Islamic Finance and Shared Prosperity In recent decades, policy makers—including multilateral development organizations such as the World Bank Group—have often applied a “trickle-down” approach to reduce levels of absolute poverty. This approach asserts that higher productivity and industrial advancement lead to higher gros... »

Islamic Finance at the London Stock Exchange

Islamic Finance at the London Stock Exchange

London is established as the leading western centre for Islamic finance and has been at forefront of key developments in Europe. »

Islamic Financial Instruments for Financing Asia’s Infrastructure

Islamic Financial Instruments for Financing Asia’s Infrastructure

Islamic financial instruments also offer an attractive source of financing for regional infrastructure projects. »

Page 1 of 11123»