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SPECIAL AWARDS ISSUE

Welcome to the 2014-15 edition of the IFN Awards Guide, a bumper issue of deals, case studies and analysis of the top deals, transactions, movers and shakers of the previous year.

The past year has been seminal for the growth and development of the industry worldwide, and the Shariah compliant capital markets have taken a number of groundbreaking strides forward supported by both the sovereign and corporate sectors. We have seen new regions such as Africa break into the market, and a study of the benchmark CFA100 billion issuance from Senegal, our winner for Africa Deal of the Year.

The UK, Hong Kong and Luxembourg all entered the Islamic market in a concerted demonstration of support from non-Muslim majority nations, with issuances that should go a long way towards expanding the reach, depth and breadth of Shariah compliant instruments and consolidating their usage across the mainstream financial markets.

The corporate market has been equally active, and we have seen both government-related entities and financial institutions step up to the plate. The US$100 million commodity Murabahah deal from the ICD won our Cross-BordeR Deal of the Year, while the sale of Barclays Bank’s retail business in the Middle East to Abu Dhabi won Corporate Finance Deal of the Year.

We also bring you a wealth of case studies, analysis and articles from leading players across the board to add to your enjoyment: as well as the full results for IFN’s Best Islamic Banks Poll 2014, Best Islamic Service Providers 2014, Islamic Investor Awards 2014 and Islamic Law Awards 2014.

We congratulate all the winners of all the awards for the past year, and commend them for their sterling contribution towards the ongoing development of the industry. And of course as always, thank you to all our readers for your participation, dedication and collaboration. Enjoy!

 

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Contents: 

 

  • DEALS OF THE YEAR

    [[nodetitle:HM Treasury UK GBP200 million Sovereign Sukuk]]
    Deal of the Year, Sukuk, Sovereign & UK Deal of the Year This interview was conducted with Neil D Miller, the global head of Islamic finance in Linklaters Dubai What is the purpose of this transaction?... more...

    [[nodetitle:Senegal Sukuk: A strong statement for Islamic finance in WAEMU]]
    Africa Deal of the Year On the 18th July 2014, the Senegalese government successfully concluded its long-awaited sovereign Sukuk — beating regional economic powerhouse South Africa and Kenya in tapping the 2014 Islamic sovereign debt liquidity pool... more...

    [[nodetitle:A first for BTMU Malaysia]]
    Cross-Border Deal of the Year The Malaysian operations of Japanese banking conglomerate Bank of Tokyo-Mitsubishi UFJ (BTMU) provided a US$100 million Shariah compliant financing facility to the Islamic Corporation for the Development of the Private Sector (ICD)... more...

    [[nodetitle:Abu Dhabi Islamic Bank (ADIB) and Barclays sign agreement over UAE retail banking operations]]
    Corporate Finance Deal of the Year On the 6th April 2014, Abu Dhabi Islamic Bank (ADIB) announced that it had signed an agreement to acquire the retail banking business of Barclays Bank in the UAE... more...

    Hong Kong sovereign Sukuk: Evidence of a Sukuk-friendly environment
    Sovereign Deal of the Year What structure was used for this transaction? Why did you use this particular Islamic structure? What other structures were considered?... more...

    [[nodetitle:An exchangeable Sukuk with a hybrid structure: Cahaya Capital]]
    Hybrid Deal of the Year Khazanah Nasional on the 18th September 2014 via its Labuan-incorporated SPV Cahaya Capital, has successfully auctioned a US$500 million Sukuk... more...

    [[nodetitle:Anatomy of a successful Sukuk: DIFC Investments’ triumphant return to the capital markets]]
    Ijarah Deal of the Year DIFC Investments (DIFCI), rated ‘BBB-‘ (stable) by Standard & Poor’s, successfully priced a US$700 million 10-year Sukuk issued at par with a 4.325% profit rate on the 4th November 2014... more...

    Indonesian innovation
    Indonesia Deal of the Year The Indonesian government recently issued US$1.5 billion in US dollar-denominated Sukuk... more...

    First sovereign euro-denominated Sukuk: Luxembourg
    Luxembourg Deal of the Year After much anticipation from the global Islamic markets, Luxembourg successfully priced its Sukuk on the 7th October 2014... more...

    [[nodetitle:KLCC REIT’s ‘AAA/P1’-rated Sukuk Murabahah programs]]
    Malaysia & Real Estate Deal of the Year The issuance under the Sukuk Murabahah programs are the first ‘AAA/P1’-rated issuance by a real estate investment trust (REIT) issuer in Malaysia... more...

    Debt equity conversion: An award-winning deal strategy
    Most Innovative Deal of the Year The Q&A was conducted with Naim Azad Din, the head of the asset management division of Sidra Capital What structure was used for this transaction and why did you use this particular Islamic structure?... more...

    World’s first US dollar-denominated Sukuk to be issued by an export-import bank
    Murabahah & Trade Finance Deal of the Year Making its mark in history, the Export-Import Bank of Malaysia (MEXIM), successfully auctioned a US$300 million Sukuk Wakalah on the 10th February... more...

    [[nodetitle:Al Hilal Bank: US$500 million]]
    Perpetual, Regulatory Capital & UAE Deal of the Year The Q&A was conducted with Lim Say Cheong, the executive vice president within the investment banking group of Al Hilal Bank. What structure was used for this transaction?... more...

    [[nodetitle:Saudi Telecom’s inaugural riyal issuance]]
    Saudi Arabia Deal of the Year What structure was used for this transaction? Why did you use this particular Islamic structure? What other structures were considered?... more...

    [[nodetitle:IFFIm: Sukuk for a charitable purpose]]
    Social Impact Deal of the Year Making a debut on the 4th December 2014, the International Finance Facility for Immunization Company (IFFIm) successfully priced its inaugural US$500 million Sukuk Murabahah offering at 15bps over the three-month LIBOR, at the tight end of the initial pricing range... more...

    Turkiye Finan''s Malaysian Sukuk debut
    Turkey Deal of the Year Turkish participation bank Turkiye Finans (TFKB) successfully tapped the Malaysian Sukuk market on the 30th June 2014 with an RM800 million (US$244.7 million) Sukuk issuance, which marks the first Malaysian ringgit Sukuk program to be established by a Turkish issuer... more...

 

  • FEATURE

    [[nodetitle:Tun Razak Exchange to link up markets, talents]]
    It is a symbolic building. Tabung Haji houses the pilgrimage fund board involved in facilitating thousands of Muslim pilgrims’ travel to the Holy Land since 1962, and was the prelude for the growth of a vibrant Islamic financing model... more...

 

  • INTERVIEWS

    [[nodetitle:Interview with Mohammed Kateeb, the group chairman and CEO of Path Solutions]]

    [[nodetitle:Breaking the mold: Arabesque pushes the boundaries in Islamic asset management]]

 

 

Monday, 02 March 2015