Business Blog

UPDATE 1-Turkiye Finans to raise up to 3 bln rgt with sukuk in Malaysia

(Adds details on first issuance from the programme) KUALA LUMPUR, June 26 (Reuters) - Turkish lender Turkiye Finans Katilim Bankasi plans to sell 3 billion ringgit ($933 million) of Islamic bonds in Malaysia, according to a filing with the southeast Asian country&aposs central bank on Thursday. The bank will initially raise 800 million ringgit with a five-year sukuk on June 30, acc
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Malaysia's Sarawak state to issue 1.5 bln rgt sukuk

KUALA LUMPUR, June 26 (Reuters) - The Malaysian state of Sarawak on Borneo island will issue a 1.5 billion ringgit ($466.27 million) Islamic bond for funds to develop the sewerage system in its capital, said credit agency RAM Ratings on Thursday. The sukuk murabaha will be issued by Aquasar Capital, an indirect unit of Sarawak state. RAM rated the programme AAA or &aposstable&apos b
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REFILE-Pakistan's K-electric plans to raise up to 22 bln rupees via sukuk

(Refiles to say, in headline, the issuance is in rupees, not converted amount in dollar) By Bernardo Vizcaino June 26 (Reuters) - Karachi-based utility K-Electric KELE.KA plans to raise as much as 22 billion rupees ($223.1 million) through Islamic bonds to refinance existing debt, the latest transaction in Pakistan&aposs reviving Islamic debt capital market. The sukuk, which
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European shares inch up; Barclays slides on lawsuit

* FTSEurofirst 300 up 0.2 pct, pulls away from 1-month low * Barclays sags on U.S. fraud lawsuit linked to stock trading * Danone rallies on mounting M&A speculation By Blaise Robinson PARIS, June 26 (Reuters) - European stocks inched up...
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Dogus group plans Turkey's first corporate sukuk, could reach USD400m

Dogus Varlik Kiralama, an asset leasing company, has applied to the Capital Markets Board to issue Turkey's first corporate Islamic bond, in what would be a major step towards developing Islamic finance in the country.
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Airbus and IDB back Islamic aircraft leasing fund

Airbus Group and the Jeddah-based Islamic Development Bank (IDB) are seeding a sharia-compliant aircraft leasing fund to cater to growing demand for commercial financing from airlines in the Middle East, Asia and Africa.
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