With Dana Gas dominating the headlines, it is easy to overlook the string of other corporates seeking to restructure their own Sukuk offerings. But the relative shorter column inches dedicated to these corporates is probably good news – it’s not mired in controversies like Dana Gas is – and it also shows that there are better alternatives in handling a debt restructure. This week, we take a look at what the options are using real-life case studies.
In this issue, we continue the second part of our Africa Waqf series and talk to Indonesian entities to find out how well (or not) the banking community is coping with preparing to spin off its Islamic banking window operations and we take a look at Public Islamic Bank’s first Sukuk facility in over three years. Morocco is the focus of our country analysis – the Kingdom has progressed in leaps and bounds since the start of the year, but there are still kinks to be ironed out. Our sector analysis takes stock of major regulatory issues which have transpired in the global Islamic finance space over the last 12 months; our expert contributor also touches on regulatory issues particularly in relation to innovation.
There are interesting developments across the world, including Malta potentially tapping the Sukuk market as reported by our IFN Correspondent. This week, nine of them bring you the latest updates in various markets and segments.
As usual, we wish our readers an informative and insightful read.