Deutsche Bank

Al Baraka to launch 100 million euro bank in France by H1 2012

Al Baraka is planning an expansion to France next year and the expactations are to launch a bank with a capital of 100 million euros (142 million US dollars) by the first half (H1) of 2012.
The following managers are taking part at the issue: Standard Chartered Bank, Emirates Bank, Noor Islamic Bank, Deutsche Bank, and ABC Standard.

Nakheel Sukuk in July

After securing approval for its debt restructuring by all lenders, Nakheel properties continue with the plans to issue Dh4.8 billion sukuk on time this month.
The Sharjah-based Arabic language daily Alkhaleej reported that sukuk would be launched and managed by the German Deutsche Bank. The source of the information remains unknown.

MIGA covers Murabaha Facility for Indonesia telecoms expansion

The Multilateral Investment Guarantee Agency (MIGA) has given $450 million in investment guarantees to support the expansion of telecommunications services in Indonesia.
MIGA’s guarantees are backing a $450 million Murabaha financing facility underwritten by Deutsche Bank and Saudi British Bank (SABB). The new financing is going to help the company increase network quality, expand coverage, and build more network capacity.

Saudi Electricity picks Deutsche, HSBC for potential dollar bond

According to two bank sources, HSBC Holdings and Deutsche Bank were picked for a potential dollar-denominated bond issue by Saudi Electricity Co.
They couldn't say when this will happen.

Islamic Development Bank plans dollar bond

Islamic Development Bank (IDB) is going to issue a benchmark dollar-denominated Islamic bond. So far they have limited to government-linked and high-rated bonds.
Arrangers are : BNP Paribas, HSBC, Standard Chartered and Deutsche Bank.

Al Amal Microfinance Bank wins Islamic Microfinance Challenge 2010

Al Amal Microfinance Bank of Yemen has been awarded US$104,000 under the Islamic Microfinance Challenge 2010, a partnership launched to encourage the reach of Islamic financial services to micro-entrepreneurs.
CGAP, Deutsche Bank, Grameen-Jameel Pan Arab Microfinance, and Islamic Development Bank partnered to sponsor this global competition to uncover viable business models that provide microfinance products compatible with Islamic law, or Shariah.

France in focus for Al Baraka in 2011

Al Baraka Banking Group has confirmed its plans to open in France, saying it will open up five branches in metropolitan France from 2011.
Press reports in France claim that Al Baraka Chief Executive Adnan Yousif confirmed the bank's intentions to establish a presence in the country. The news that Al Baraka Banking Group plans to set up in France follows two years of activity by the French authorities aimed at attracting Islamic banking institutions.
Al Baraka has selected Deutsche Bank and Standard Chartered as advisers.

Saudi Aramco, Total ink $1b Sukuk for Jubail JV

Saudi Aramco and France's Total will launch $1 billion Islamic bond (Sukuk) in the Q4 to build 400,000 barrels per day crude refinery in Jubail.
Simon Eedle, global head of Islamic banking at Credit Agricole, said the long delayed $1 billion Sukuk which was part of the financing for the Jubail refinery will launch in the Q4. Credit Agricole, Deutsche Bank and Samba Financial Group are the lead arrangers for the Sukuk.
Global Islamic bonds are poised to extend gains after climbing to a record this week, buoyed by Asian economic growth and a pickup in Gulf issuance.
Gulf sales of Sukuk, which pay asset returns, are rising after Dubai World reached an agreement with creditors last month to change terms on $24.9 billion of debt. Companies in the region plan to issue about $5.8 billion of Islamic debt in the fourth quarter, the most for the period in three years.



Deutsche Bank to bring major sukuk to ME market

Deutsche Bank expects to bring to the market a "major" Islamic bond in Saudi Arabia by the end of the first quarter, as part of a wider push into the world's largest oil exporter, a company executive said on Tuesday.

Deutsche Bank launches new platform in Luxembourg

Deutsche Bank announced the launch of “Al Mi’yar”, a platform to facilitate the issuance of Sharia compliant securities domiciled in Luxembourg with Luxembourg Financial Group AG as the Sharia investment manager. Deutsche Banks Trust & Securities Services group providing the settlement framework. The platform allows for access of all asset classes including money market instruments.

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