Alam Maritim Resources’ Sukuk ratings downgrade
MARC has downgraded its rating on marine services provider Alam Maritim Resources' RM500 million Sukuk Ijarah Medium-Term Notes to BB+IS from BBB+IS. The rating remains on MARCWatch…
Capital markets
Surge in global Sukuk issuance isn’t the new normal
The Sukuk market performed strongly in the first half of 2017, but doesn't augur an enduring trend, according to a new report called Global Sukuk…
Malaysian Rating Corporation holds Annual General Meeting
Malaysian Rating Corporation held its 21st Annual General Meeting at Sime Darby Convention Centre on June 15, 2017. “MARC had delivered a satisfactory financial performance…
Dana Gas $700m Sukuk restructuring
Dana Gas has engaged Houlihan Lokey as financial adviser and Squire Patton Boggs as legal adviser for the restructuring of its $700m Sukuk maturing on…
IIFM’s three-year strategic plan to expand its scope of standardisation in Islamic finance
At its 36th meeting hosted by the Central Bank of Bahrain, the board of directors of the International Islamic Financial Market resolved to approve IIFM’s…
Hejaz Financial Services uses IdealRatings equity screening
Hejaz Financial Services has licensed the IdealRatings equity screening solution to act as the stock screening service provider for its first Shari’ah compliant, Australian fund, called…
Tunisia makes plans for issuing its inaugural Sukuk
The government of Tunisia together with Bourse de Tunis and Nasdaq Dubai have set up a task force to pave the way for Tunisia’s first…
Dar Al-Arkan rings bell to celebrate listing of $500m Sukuk on Nasdaq Dubai
Yousef Bin Abdullah Al-Shelash, chairman of Dar Al-Arkan Real Estate Development Company, rang the market opening bell to celebrate the listing of a $500m Sukuk…
Introducing The Islamic Globe Awards 2017
As regular readers of The Islamic Globe will know, 2017 sees us enter our ninth consecutive year of publishing the newspaper. It has been a…
TSH Sukuk Ijarah
MARC has affirmed its rating of AA-IS on TSH Sukuk Ijarah’s RM300m Sukuk Ijarah Medium-Term Notes programme. The outlook is stable. TSH Ijarah is one…
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