Standard & Poor’s Ratings Services said corporate and infrastructure sukuk issuance is likely to rise over the next few years, despite a dip in issues over the past eight months compared to the same period of 2013. Issuance has trended downward this year in the Gulf Cooperation Council (GCC) and Malaysia, dropping 33 per cent […]
S&P Admits to “Extra Costs” of Shariah Compliance
Readers who click on the link below will note that the article doesn’t reflect the headline that we’ve posted here, but there is a valid reason for that. As is often the case with Shariah-compliant finance, the real story is often found by reading between the lines. In the article below published in Qatar, which, by the […]
Given the heavy hand of Salafist Islam in the Persian Gulf region, this report should come as no surprise… Corporate and infrastructure issuers in the Gulf region may increasingly rely on sukuk, the Islamic equivalent of bonds, as a source of funding in coming quarters says a report titled “Sukuk Are Surpassing Conventional Bond Issuance […]
Standard & Poor’s, one of the most prominent names in the Western financial world has formed an alliance with the world’s most prominent Wahhabi Islamic supremicist organization to establish a new Shariah-compliant investment index. The new S&P COMCEC 50 Sharia Index has been established in partnership with the Organization of Islamic Cooperation (OIC), an organization […]
Does Your Financial Institution Participate in Shariah Compliant Finance?
The most common requests we receive here at SFW are questions as to whether banks or brokerage houses “are Shariah-compliant?” As a result of these numerous inquiries, for the past several weeks, we have carefully compiled a list of financial institutions active in the USA that have some form of tie to Shariah Compliant Finance. […]
Report: S&P to cut rating of Dubai’s DIFC Investments on Sukuk Refinancing Risk
DIFC Investments LLC, which owns properties in Dubai’s tax-free financial center, may have its credit rating cut at Standard & Poor’s due to “heightened refinancing risk” on its $1.25 billion Islamic bond due in June. DIFC Investments “has little room for delays in its efforts to secure a bank loan and government support to refinance the sukuk,” the rating […]
Indonesian Sukuk Sales Slowest in 3 Years
It is usually very difficult to find objective news reporting on Shariah Finance. This is especially true of the Sukuk (Islamic Bond) market. The financial jihadists are hypersensitive about this sector and go to great lengths to ensure that the state-controlled media in their countries, as well as Western media outlets who have been bought […]
Standard & Poor’s Ratings Services assigned its ‘BB+’ long-term foreign currency issue rating to the proposed issue of benchmark-sized global Sukuk trust certificates by Perusahaan Penerbit SBSN Indonesia II, a fully-owned special purpose vehicle of the Republic of Indonesia. According to S&P’s ratings scale, BB is below investment grade and thus termed “junk.” http://cpifinancial.net/v2/News.aspx?v=1&aid=9719&sec=Islamic%20Finance
Standard & Poor’s has jumped into the financial jihad cesspool with both feet. They announced this week that for the first time they had assigned a rating to a shariah fund, “in a bid to boost transparency in an industry that has come under fire after some recent defaults.” We wonder what kind of transparency […]
Standard & Poors Predicts Steady Growth in Islamic Bond Market
In a report published last week, Standard & Poors predicted steady growth in Islamic bond issuance in 2010, with about $20 billion of Sukuk publicly announced in the past likely to come to market if conditions permit. “In addition, we understand from unofficial market sources that about $10 billion more could potentially enter the pipeline. […]
http://www.menafn.com/qn_news_story_s.asp?StoryId=1093275949
S&P goes dhimmi in Canada
Standard & Poor’s is launching an index of large Canadian stocks with criteria defined by Islamic law… http://www.theglobeandmail.com/globe-investor/sp-starts-canadian-stock-index-defined-by-islamic-law/article1155197/
Dubai downgrades to hit rating, affect future debt DUBAI: Dubai may struggle to gain a top-grade sovereign rating after Standard & Poor’s Rating Services and Fitch Ratings Agency downgraded outlooks on some of the emirate’s biggest government affiliated companies, according to leading analysts. Both agencies lowered their outlooks for key Dubai Inc […]
This article shows the Shariah Compliant Finance is not the answer to the credit crisis we are in. Many banks are trying to sell this concept as a panacea to the issues we are facing today. Clearly, there is no magic bullet to solve this crisis, other than good investments, energy independence, and transparency. […]
Shariah Laws and Finance will try to poise themselves as the saviors of the economic crisis, but they are not immune. Do not fall for the SCF is a safe investment ploy.
Gulf states poised to weather financial crisis By Julia Wheeler BBC News, Dubai Gulf stock exchanges are apt to exaggerate volatility felt elsewhere Gulf stock markets are not immune to the global battering the current tornado of volatility has brought. In Saudi Arabia, there has been a 45% drop in share values this year and […]
Source: BI-ME , Author: Moussa Ahmad Posted: 14-07-2008 http://www.bi-me.com/main.php?id=22467&t=1&c=35&cg=4&mset=1011 INTERNATIONAL. Stocks deemed to comply with Islamic law delivered returns of 3.61% during the second quarter of 2008 according to Standard & Poor’s, the world’s leading index provider. Equity markets around the world have experienced a turbulent start to 2008, with the S&P World BMI falling […]
Standard & Poor’s, the global index provider, has launched a new index which will provide investors with an exposure to forty large Gulf-based listed companies. The S&P GCC 40 Index will provide investors with exposure to 40 of the largest and most liquid companies on the primary exchanges of Bahrain, Kuwait, Oman, Qatar and […]
Thu May 22, 2008 9:14am EDT http://www.reuters.com/articlePrint?articleId=USL2236779720080522 By John Irish and Mohammed Abbas DUBAI/MANAMA, May 22, (Reuters) – Aldar Properties, the United Arab Emirates’ second-largest property developer by market value, said on Thursday it had mandated banks for its debut dirham-denominated Islamic bond sale. A three-day investor roadshow will begin on May 27, and […]
Credit ResearchCredit Research Title: Dubai Islamic Bank’s Sukuk Trust Certificates Assigned ‘A’ Preliminary Rating Price: $100.00 Publication Date: Feb 15, 2007 Report Type: News Abstract: PARIS (Standard&Poor’s) Feb. 15, 2007–Standard&Poor’s Ratings Services said today that it had assigned its ‘A’ preliminary rating to Dubai Islamic Bank’s U.S. dollar floating-rate sukuk trust certificates due […]
Global market for sukuk set to continue strong growth – S&P March 11, 2008: 07:04 AM EST http://money.cnn.com/news/newsfeeds/articles/newstex/AFX-0013-23677242.htm MUMBAI, Mar. 11, 2008 (Thomson Financial delivered by Newstex) — Standard & Poor’s (NYSE:MHP) Ratings Services said the global market for sukuk (Arabic equivalent of bond) more than doubled in 2007 to exceed 60 bln usd and […]
http://in.reuters.com/article/businessNews/idINIndia-32035320080219 S&P unveils Shariah-compliant equity indices in India Tue Feb 19, 2008 7:53pm IST [–] Text [+] MUMBAI (Reuters) – Rating agency Standard & Poor’s (S&P) said on Tuesday it has launched two Shariah-complaint equity indices in the country in partnership with India Index Services & Products Ltd.The indices have been derived from the top […]
CBB International Sukuk Company’s Trust Certificates assigned Preliminary ‘A’ Rating United Arab Emirates: Standard & Poor’s Ratings Services said that it had assigned its ‘A’ preliminary credit rating to the floating-rate trust certificates to be issued by CBB International Sukuk Company. [AMEInfo.com]
Standard & Poor’s opens office in the DIFC Posted: 11-02-2008 , 13:19 GMT Standard & Poor’s today announced the official launch of its first office in the Middle East in the Dubai International Financial Centre (DIFC), underscoring its commitment to fostering the development of deep and efficient capital markets across the region, linking local markets […]
January 30, 2008 at 3:03 pm Demand fuels growth and evolution of corporate sukuk market with sukuk costs set to drop – S&P Standard & Poor’s Ratings Services said market demand for sukuks, or Islamic bonds, will continue to the extent that they evolve into a more commoditized asset class. “Although corporate sukuks are as […]
January 30, 2008 at 3:03 pm Demand fuels growth and evolution of corporate sukuk market with sukuk costs set to drop – S&P Standard & Poor’s Ratings Services said market demand for sukuks, or Islamic bonds, will continue to the extent that they evolve into a more commoditized asset class. “Although corporate sukuks are as […]
Standard and Poors rated Best Islamic Rating Agency
MENAFN – 16/01/2008 (MENAFN) Islamic Finance News (IFN) annual reader survey voted Standard and Poor’s (S&P) the best Islamic rating agency, recognising the firm’s commitment to fostering the development of Islamic capital markets and their integration with global markets, Bahrain Tribune reported. The survey by the world’s leading capital markets-focused Islamic-finance publication, recognised S&P in […]
Black Enterprise.com News Briefs about the Middle East Investment Market
BE BUSINESS REPORT AME Info, Abu Dhabi, United Arab Emirates, Business Briefs Column 2008-01-15 AME InfoBy AME Info, Abu Dhabi, United Arab Emirates Jan. 15–DFM UP SHARPLY, ADSM HAS SLIGHT GAIN: The Dubai Financial Market rose sharply today, Tuesday, gaining 182.18 points, or 2.98 percent, to finish on 6,291. National Industries Group was the day’s […]
Sudan is a terrorist state, a leader of the slave industry, and has been part of the terror connection. It is now working with bankers in Europe and raising money and this is a grave concern. There has been horrific genocide in Sudan, and it has econonic sanctions against it. The sale of these bonds […]
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