Business Blog

New Issue- Iffim prices $500 mln 2017 FRN

Nov 27 (Reuters) -Following are terms and conditionsof a FRN priced on Thursday.Issuer IFFIm Sukuk Company Limited (IFFIM)Obligor International Finance Facility for ImmunisationSukuk Structure MurabahaIssue Amount $500 millionMaturity Date December 4, 2017Coupon 3 month Libor + 15 basis pointsReoffer price ParPayment Date December 4, 2014Lead Manager(s) Standard Chartered Bank, Barwa Bank & CIMBFu

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GLOBAL MARKETS-Oil hits four-year low as expectations fade for OPEC cuts

* Oil prices near four-year low as hopes fade for OPEC output cut* European shares buoyed by ECB bond-buying hopes* Asian shares edge up, helped by stimulus around the worldBy Marc JonesLONDON, Nov 27 (Reuters) - Fading hopes OPEC will cut production when it meets Thursday sent oil prices tumbling to a four-year low and the world stock-market rally paused for Thanksgiving in the United States.Gulf
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World Bank-linked IFFI launches $500 mln 3-yr FRN sukuk - leads

The International Finance Facility for Immunisation Co. for which the World Bank acts as treasury manager, has launched a $500 million Islamic bond issue.

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Noor Takaful to join Dubai Trade Online Cargo Insurance e-Service "Tradeshield"

DUBAI, 27th November, 2014 (WAM) -- Dubai Trade, DT, has signed an agreement with Noor Takaful, giving its customers access to an Islamic insurer for the first time, and an even wider choice of marine and cargo insurance providers online through its...

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GLOBAL MARKETS-Oil hits four-year low amid fading expectations of OPEC cuts

* Oil prices near 4-year low as OPEC output cut hopes fade* European shares buoyed by ECB bond-buying hopes* Asian shares edge up, helped by stimulus around the world* Dollar slips after underwhelming U.S. dataBy Marc JonesLONDON, Nov 27 (Reuters) - Fading hopes of a meaningful cut in production at Thursday&aposs OPEC meeting sent oil prices tumbling to a four-year low as Thanksgiving in the Unite
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Islamic Finance Gateway Daily Briefing

Thursday, Nov 27 - The Islamic Finance Gateway (IFG) Briefing, published from Sunday to Thursday, carries the latest market-moving news and data for institutions offering Islamic financial services.You can view the full IFG briefing via http://tmsnrt.rs/1ppGUTN under IFG Briefings Subject.TOP STORIES ICD to raise up to $1.2 bln in Islamic financing -CEOThe private sector arm of the Jeddah-based Is

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