Thursday bullets

• The Director of Treasury and International Banking at Bank Muamalat in Indonesia says that the country's Islamic banks may be undercapitalized because none has equity exceeding $200 million. In the last three years, the number of Islamic banks has increased from 3 to 10. The Indonesian government may cancel its global sukuk because domestic conventional bond sales may be sufficient to cover the budget deficit.
  
• Nakheel outlined a restructuring plan covering $10.5 billion in bank debt. Creditors have until August 31 to respond. The debt plans are being linked with lowering yield spreads on GCC sukuk.
  
• Nomura raised $70 million from a commodity murabaha facility in the Middle East following its $100 million sukuk issued in Malaysia. The sukuk will be listed on Bursa Malaysia.
  
• Although Abu Dhabi Islamic Bank updated its sukuk program prospectus, it has "no immediate plan" for a sukuk sale.
  
• Paul McNamara, the co-founder of Yasaar Media, wrote a book on marketing for Islamic banks available as an e-book.
  
• Kuwait Finance House may announce a $266 million first half profit according to unidentified sources.