---------- Forwarded message ----------
From: IFIS <584986.1199773...@ems.euromoneyplc.com>
Date: Mon, Nov 7, 2011 at 6:03 AM
Subject: Daily alert: Bank sukuk plans start asset-based lending spat
To: "kanta...@gmail.com" <kanta...@gmail.com>

07 November 2011


 Welcome to the new-look IFIS daily bulletin. With this you will receive
the latest Islamic finance news from IFIS — the most recent developments on
the deals, the people and the regulations — as well as the best Islamic
finance data, aggregated news highlights and other forthcoming features.

Bank sukuk plans start asset-based lending spat
<http://ems.euromoney.com/ems/r.asp?cIndex=584986&mIndex=1199773472&hurl=http%3A//www.securities.com/doc.html%3Fpc%3DIG%26sv%3DIFIS%26doc_id%3D338967649>Recent
news that both Goldman Sachs and Credit Agricole are looking to issue sukuk
has reignited debate in the Islamic market about use of asset-backed and
asset-based structures.
    
<http://ems.euromoney.com/ems/r.asp?cIndex=584986&mIndex=1199773472&hurl=http%3A//www.securities.com/ifis/news.html>

Bahrain to issue first benchmark sukuk since unrest
<http://ems.euromoney.com/ems/r.asp?cIndex=584986&mIndex=1199773472&hurl=http%3A//www.securities.com/doc.html%3Fpc%3DIG%26sv%3DIFIS%26doc_id%3D338967622>Bahrain
has mandated BNP Paribas, HSBC and Citi as joint lead managers and
bookrunners to issue the first benchmark sukuk from a country that was
directly affected by the political turmoil that began to sweep across the
region in March this year.

Malaysia: DRB-HICOM lines up M$1.8 bln
<http://ems.euromoney.com/ems/r.asp?cIndex=584986&mIndex=1199773472&hurl=http%3A//www.securities.com/doc.html%3Fpc%3DIG%26sv%3DIFIS%26doc_id%3D338892978>Malaysian
automotive firm DRB-HICOM has opted to undertake a medium term note sukuk
programme of up to M$1.8bn ($570m).

UAE: Aldar posts Q3 profit as sukuk maturity looms
<http://ems.euromoney.com/ems/r.asp?cIndex=584986&mIndex=1199773472&hurl=http%3A//www.securities.com/doc.html%3Fpc%3DIG%26sv%3DIFIS%26doc_id%3D338892299>Abu
Dhabi real estate developer Aldar Properties has reported a third quarter
net profit of AED144m ($39.2m), just a week before it faces a $1.1bn sukuk
maturity.
    
<http://ems.euromoney.com/ems/r.asp?cIndex=584986&mIndex=1199773472&hurl=http%3A//www.securities.com/ifis/news.html>
  UAE:
Law firm hires Islamic finance head
<http://ems.euromoney.com/ems/r.asp?cIndex=584986&mIndex=1199773472&hurl=http%3A//www.securities.com/doc.html%3Fpc%3DIG%26sv%3DIFIS%26doc_id%3D337892879>London
headquartered global law firm Freshfields Bruckhaus Deringer has hired
Tarek El-Assra as Dubai-based counsel.

<http://ems.euromoney.com/ems/r.asp?cIndex=584986&mIndex=1199773472&hurl=http%3A//www.securities.com/ifis/news.html>
  HLISB
Completes Malaysia's First Islamic Bank Vesting
Iran to issue $15 billion in sukuk bonds for oil
industry<http://ems.euromoney.com/ems/r.asp?cIndex=584986&mIndex=1199773472&hurl=http%3A//www.securities.com/doc.html%3Fpc%3DIG%26sv%3DIFIS%26doc_id%3D337782391>

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