Pritchard added: "NBAD and ADIB have worked closely to execute this transaction and the legal departments of both banks and the Sharia board of ADIB deserve considerable praise for their hard work and the successful outcome of the first ever
collateralised murabaha transaction today." -- TradeArabia News Service
Bahrain-based International Islamic Financial Market, an industry body backed by various central banks, last month introduced a repo alternative based on the
collateralised murabaha structure.
The inter-fund transactions are
collateralised by Moroccan government bonds with an appropriate level of overcollateralisation should the collateral's residual maturity exceed that of instruments eligible for direct investment.
Structured as a capitalised manager vehicle, Redding Ridge Asset Management is a new, independent company established to address risk retention regulations in the global
collateralised loan obligation market.
26 November 2014 -- Maryland US-based private equity firm and global asset manager American Capital Ltd (NASDAQ: ACAS) said that its ACAS CLO 2014-2 Ltd affiliate has closed on the sale of USD 411m of
collateralised loan obligation bonds.
The
Collateralised Murabahah will be a new low credit-risk financial instrument that enables
collateralised interbank transactions in the Islamic Money Market in Malaysia.
IFS intends to use Dene's technology to speed up the migration of its own MarginMan
collateralised trading application to the Internet.
BANKING AND CREDIT NEWS-July 1, 2013--Carlyle closes
collateralised loan obligation fund(C)2013 M2 COMMUNICATIONS http://www.m2.com
Banks want the banking regulator to allow the bonds purchased for infrastructure projects to be made available for
collateralised borrowing and lending.
NBAD and ADIB jointly embarked on this initiative to formalise the Master
Collateralised Murabaha Agreement (MCMA), enabling Islamic banks to utilise their holdings of Sukuk.
