Business Blog

Senegal will launch its 100 billion CFA franc (USD 207 million)sukuk programme on Wednesday, the finance ministry said in a statement, the first major Islamic bond by a West African nation to raise funds.

Abu Dhabi's Al Hilal Bank has set the final price range for its $500 million capital boosting sukuk issue, which will complete later on Tuesday, a document from lead managers said.

Abu Dhabi's Al Hilal Bank has set the final price range for its $500 million capital boosting sukuk issue, which will complete later on Tuesday, a document from lead managers said.

Tunis Air announced suspending its flights to Arbil due to the current security situation in the country.

The Malaysia-based Islamic Financial Services Board (IFSB) will issue draft guidance by year-end on how Islamic banks, which face a lack of short-term funding instruments, can use sukuk as a key tool for meeting the liquidity requirements of Basel III.

The Malaysia-based Islamic Financial Services Board (IFSB) will issue draft guidance by year-end on how Islamic banks, which face a lack of short-term funding instruments, can use sukuk as a key tool for meeting the liquidity requirements of Basel III.