Islamic Finance Gateway Daily Briefing

Jul 09, 2015

Tuesday, July 7 – The Islamic Finance Gateway (IFG) Briefing, published from Sunday to Thursday, carries the latest market-moving news and data for institutions offering Islamic financial services. You can view the full IFG briefing under IFG Briefings Subject. TOP STORIES Saudi-based APICORP says could issue first international sukuk in 2015

Saudi Arabia-based Arab Petroleum Investments Corp (APICORP) could issue its first sukuk later this year, as part of its recently-established $3 billion sukuk programme, the company said on Monday. – RTRS UAE bank ADIB targets 2016 acquisitions, eyes Asia, Middle East

Abu Dhabi Islamic Bank (ADIB), which failed in its bid to win Citigroup’s Egypt retail business, is targeting acquisitions in 2016 in Asia, the Middle East, and North Africa, its chief executive said. – RTRS Sukuk to boost GCC-Africa trade

A number of African countries have opted to issue sukuk as an alternative mechanism to raise funds for key projects. Last year, South Africa became the first non-Muslim country in Sub-Saharan Africa ( SSA ) to issue a sovereign sukuk valued at USD500 million, which was readily taken up by Middle East investors. – Zawya Islamic ———————————————————— The Islamic Finance Briefings cover all the latest news, data, quotes and industry announcements you need. They also include Islamic Interbank Benchmark Rates, major FX and equity market movements and indicators for all sharia-compliant asset classes. To subscribe to the IFG Briefings use this link: To subscribe to the IFG Community, use this link: We value your feedback, contact us at [email protected] (Prepared by Tina Kwan) A service of Thomson Reuters and Zawya Islamic Finance Gateway. The contents of this Briefing are independently compiled by the Thomson Reuters and Zawya Islamic Finance Gateway Service, a business of the Global Growth and Operations Division. While material is drawn from Reuters News and other sources, Reuters has not participated in the selection of these articles.