Business Blog

Emaar Malls Group, a unit of Dubai's Emaar Properties, may price its debut sukuk inside comparable bonds as investors seek exposure to the emirate's booming retail sector.

The malls unit of Dubai's Emaar Properties tightened the pricing guidance for its 10-year sukuk to 190 basis points over midswaps, a document from lead managers said.

10 June 2014 KFH-Research, a subsidiary of Kuwait Finance House Group KFH-Group issued a report stating that Asia presents huge developmental potential for Islamic finance. Given the unique value propositions, Islamic finance can be utilised for greater integration of financial markets with the real economy and for improvement of the economic balance between emerging and frontier markets. Asia is

ISTANBUL, June 10 (Reuters) - Turkey&aposs Kuveyt Turk, owned by Kuwait Finance House, mandated banks for a sukuk issue, bankers told Reuters on Tuesday.The bank has mandated KFH Investment as global coordinator and Citi, Emirates NBD Capital, HSBC, KFH Investment and Standard Chartered Bank as joint lead managers and joint bookrunners, bankers said.(Reporting by Behiye Selin Taner, Writing by Hum

By David FrenchDUBAI, June 10 (Reuters) - Banque Saudi Fransi 1050.SE (BSF), the kingdom&aposs fourth-largest listed lender, will complete a 2 billion riyal ($533 million) capital-boosting sukuk issue by the end of this month, banking sources said on Tuesday.Pricing of the trade, which will boost the bank&aposs Tier 2 - or supplementary - capital, is at 140 basis points over the Saudi interbank of

DUBAI, June 10 (Reuters) - Qatar&aposs central bank plans to issue 4 billion riyals ($1.1 billion) worth of local currency government bonds next week, it said on Tuesday, including a new seven-year tranche to build a longer yield curve.The debt, to be auctioned on Sunday, will include 2.1 billion riyals worth of three-year conventional bonds and 950 million riyals each of five- and seven-year tran