Tag Archives | sukuk

Dana Gas Seller Turns Buyer

By John Lee. An investment manager who correctly predicted that Dana Gas would miss payments on its Islamic bonds in 2012, has said the company’s stocks and bonds are now core holdings for his company. Ghassan Chehayeb, who helps manage about $30 million of assets at Houston-based SanctaCapital Group, told Bloomberg that the $2 billion […]

Dubai’s MAF Eyes Expansion into Iraq

Dubai’s Majid Al Futtaim Holding (MAF), sole franchisee of hypermarket chain Carrefour in the Gulf, is to set up a sukuk programme (debt securities structured to comply with the Islamic law) as market volatility continues to thwart its plans for a conventional issue, according to a report from Reuters. MAF completed roadshows for an offering […]