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PineBridge Investments raises $140 mln for GCC real estate fund

BY Reuters |

PineBridge Investments, a New York-based asset manager, said on Tuesday its Middle East unit had raised $140 million for a sharia-compliant fund that would invest in income-producing real estate assets in Gulf Cooperation Council (GCC) countries.
Othaim 'plans debut local currency sukuk'

BY Reuters |

Saudi Arabia's Al Othaim Real Estate and Investment Co, owner of five shopping malls in the kingdom, plans to issue its debut local currency sukuk as early as this month, two sources aware of the matter said on Sunday.
Alhokair plans debut sukuk, loan to fund expansion

BY Reuters |

Saudi Arabian retailer Fawaz Abdulaziz Alhokair Co plans to issue a debut riyal-denominated sukuk and is close to signing a 1 billion riyal ($266.6 million) loan, it said on Tuesday, to help fund expansion
Hong Leong Islamic sets up 1 bln ringgit sukuk programme

BY Reuters |

Malaysia's Hong Leong Islamic Bank Bhd, a wholly owned unit of Hong Leong Bank, has set up an Islamic bond programme to raise as much as 1 billion ringgit ($310 million).
Indonesia mandates banks for up to $1.5 bln sovereign sukuk

BY Reuters |

Indonesia has mandated HSBC, Standard Chartered and CIMB Group Holdings Bhd to arrange a sovereign sukuk issue of up to $1.5 billion, sources aware of the matter told Reuters on Monday.
Alhokair plans debut sukuk, picks Samba as arranger

BY Reuters |

Fawaz Abdulaziz Alhokair Co, the Saudi Arabian retailer which franchises brands such as Zara and Marks and Spencer in the kingdom, plans to issue its debut riyal-denominated sukuk, it said in a bourse filing on Tuesday.
Al Baraka plans sukuk in South Africa, Pakistan

BY Reuters |

Bahrain-based Al Baraka Banking Group said it is considering issuing subordinated Islamic bonds through its South African and Pakistani units to boost their regulatory capital.
Saudi Telecom sets up $1.33 bln sukuk programme

BY Reuters |

Saudi Telecom Co (STC), the Gulf's largest telecommunications operator by market value, has established a 5 billion ($1.33 billion) riyal- denominated sukuk programme, it said in a bourse statement on Wednesday.
Bahrain central bank finalising rules for Islamic advisory firms

BY Reuters |

Bahrain's central bank is finalising rules for the supervision of sharia-compliant advisory firms, part of a wider overhaul of standards as the Gulf state steps up its efforts in Islamic finance.
Qatar to set up deposit insurance, including Islamic scheme

BY Reuters |

Qatar regulators will establish a deposit insurance framework that will include a sharia-compliant scheme, one of several reforms aimed at modernising the financial sector of the world's top exporter of liquefied natural gas.