The 28 September issue of Finance Forward did not identify that Michael Bennett, Head of Derivatives and Structured Finance for the World Bank contributed the first article on the IFFIm sukuk. We regret the omission.FAST FINANCEThe continuing emissions scandal at Volkswagon continues and VW faces the expensive task ...
Tag: Islamic banks
October 4, 2015Blake Goud
FAST FINANCEContinued dives in major emerging market currencies including the Ringgit, Lira and Real continues. Of these three, all had investment grade ratings before Brazil’s was cut by Standard & Poor’s from BBB- to BB+. The first move on Brazil’s sovereign ratings could be indicative of cuts to other ...
September 13, 2015Blake Goud
FAST FINANCE As Brent crude falls below the $50/bbl, pressure rises on many oil exporters to finance rising budget deficits to preserve their investments saved up during years with higher prices. Saudi Arabia, in particular, is likely to be active in bond issuance and its SR 15bn ($4bn) issuance in ...
August 10, 2015Blake Goud
There has been a split in research on whether the fall in oil prices will have a positive or negative impact on sukuk issuance. Will issuance by the sovereign boost issuance more than private sector issuance would fall due to lower liquidity? The oil price drop has been difficult for ...
May 13, 2015Blake Goud