Banking and Finance

Dubai's Emirates Reit plans debut #sukuk of at least US$300m this year: source

Dubai-based Emirates REIT plans to issue a debut Islamic bond of at least US$300 million by the end of this year. The Syariah-compliant real estate investment trust (REIT) has called a shareholder meeting on Nov 23 to discuss the planned sukuk, which could be issued shortly after that date. The company's total debt as at June 30 was about US$300 million. The loan-to-value (LTV) ratio of the REIT stood at 36.8%, which means there is room for issuance larger than US$300 million, the source added. The company had a portfolio of US$772 million at the end of June. Its portfolio includes mixed-use properties, office buildings and schools in Dubai.

New Challenges in Islamic Economics and Finance Development

The European Association for Islamic Economics, Banking and Finance (EUIEBF) and the Islamic Research and Training Institute (IRTI) is organizing Sarajevo's third Islamic Finance Conference. The conference will take place in Sarajevo, Bosnia and Herzegovina from 20-21 November 2014. This conference aims to gather Islamic banking, economics, and finance experts and students to discuss a wide range of topics and fill this gap in research. It will continue the development and acknowledgment of Islamic banking's increasing role in the world. Papers about relevant areas in Islamic economics and finance can be submitted for this conference. Please find detailed information in the attached document.

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