Tuesday, January 05, 2010

Tuesday bullets

  • DP World made a periodic payment on its sukuk yesterday, signifying that it may escape much of the crisis in Dubai that centers around real estate.
  • Thailand may see the first sukuk issued in the first quarter of 2010.
  • Islamic finance may find opportunities in financing shipping and the deterioration in the global economy may present opportunities for the industry to acquire assets at a discount.
  • Gatehouse Bank is launching its trade finance fund, which it will offer with DDCAP Limited.
  • Cyprus may try to attract Islamic finance with regulatory changes and the 'establishment of a framework to attract Islamic finance'.
  • Gulf Finance House wrote down its exposure to Dubai through the Legends Project, which it said accounted for all of its material exposure to Dubai.
  • The high court in the Indian state of Kerala blocked the formation of an Islamic venture capital bank partially financed by a state-owned company.