The World Gold Council and Islamic standards authority in Bahrain are putting together a draft plan that could unleash huge extra demand for the precious metal, which until now has been limited for Sharia-compliant transactions.
With the Islamic finance industry set to be worth US$3 trillion in the next decade, gold ... Read More
19
May2017
13
May2016
SAUDI ARABIA: Saudi conglomerate Al Bayan Group Holding Company has raised funds through the ... Read More
24
Jan2016
DUBAI: The emirate of Sharjah will raise $500 million through a five-year sukuk transaction, which could price as early as Wednesday, a document from lead arrangers showed.
The sovereign is currently retaining the pricing, as announced on Tuesday, in the area of 250 basis points over midswaps for the Islamic bond, ... Read More