Business Blog

Multinational insurance group offering represents a unique, asset-backed sukuk issuance from a rated European companySecond tranche of the programme has successfully closed for US$40 millionLondon & Dubai, April 7, 2014The EIIB-Rasmala Group ("EIIB-Rasmala" or "The Group"), a leading investment banking and asset management group focused on Gulf Cooperation Council (GCC) and London markets, today a

Morocco is set to give Islamic finance a second try, counting on closer regulation and a clearer legislative framework to resolve problems which plagued its first attempt.

The new regulations mark an important step in the development of the insurance market in Saudi Arabia, according to Clyde and Co.

07 April 2014 RAM Ratings has assigned AAA/stable/P1 claims-paying ability (CPA) ratings to Etiqa Takaful Berhad (ETB or the Company). Concurrently, we have assigned a preliminary rating of AA1/stable to the Company's proposed Subordinated Sukuk Musharakah Facility of up to RM300 million (Subordinated Sukuk).ETB is the largest takaful operator (out of 11) in Malaysia, with a strong franchise. The

Etiqa Takaful Bhd, Malaysia's largest Islamic insurance provider and a unit of Malayan Banking Bhd MBBM.KL , will issue a sukuk to raise 300 million Malaysian ringgit ($91.39 million), said credit rating agency RAM Ratings.

The National Commercial Bank (NCB) and Southern Province Cement Company (SPCC) entered into a financing agreement of Islamic Tayseer, amounting to 700 million Riyals for five years. The agreement was signed in Riyadh by His Highness Prince/ Abdullah bin Musa'ad bin Abdul Rahman Al Saud, Chairman of the Southern Province Cement Company and Mr. Mansour S. Al Maiman, Chairman of the National