KPMG has been named ‘Best Islamic Assurance and Advisory Services Provider‘ in the 2013 Euromoney Islamic finance awards. This marks the sixth consecutive year KPMG has taken the top pri e, which is unequalled in the assurance and advisory category. Now in their eleventh year, the awards are widely regarded as the benchmark awards for the global Islamic finance industry.
The Turkish Capital Market Board (SPK) has prepared three new Islamic-compliant, non-interest financial instruments to supplement existing sukuks, the chairman of the board has told daily aman. The board is set to adapt the necessary regulations regarding the three non-interest financial instruments that are used in international markets, Vahdettin Ertaş, the incoming chairman of the SPK, announced.
It has been reported that Al Baraka Islamic Bank B.S.C was chosen as the Best Islamic Bank in the Kingdom of Bahrain for 2012, through the annual comprehensive referendum conducted by the Foundation of Islamic Finance News. The announcement of this Award was made during the ceremony held on this occasion in the city of Dubai on Feb. 24th.
Dubai Electricity and Water Authority has issued initial price guidance for 5 year, benchmark si ed Islamic bond or sukuk. A document from lead arrangers said that the emirate’s sole utility is aiming to sell the dollar denominated sukuk in the low 3 percent area. Benchmark si ed is typically understood to mean at least USD 500 million.
His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Wednesday announced an initiative to transform Dubai into a global centre for Islamic bonds (sukuks). The initiative, called Transforming Dubai into a Global Centre for Islamic Bonds, is the first executive plan following Shaikh Mohammad’s January 9 declaration to develop Dubai into a centre for Islamic finance.
Barwa Bank Group, Qatar’s fastest growing Shari’ah compliant banking service provider, today announced that it has won the Islamic Finance News “Qatar Deal of the Year” for the State of Qatar US$4 billion Dual Tranche Sukuk as Joint Lead Manager and “Turkey Deal of the Year” for the Republic of Turkey US$1.5 billion Debut Sukuk as Co-Lead Manager.
