( Global Sukuk Table)
Research work of
Zubair Mughal – CEO AlHuda CIBE
Issue
Issue Date
Country
Arranger/Advisor
Issue Issue Size
Size
(US$'MM
(Source equivalent) Margin/ Tenor
currency
MM
USD
152.7
1m LIBOR +
155.670
Variable Spread /
Monthly
Rating/
Listing
Remarks
-
-
Short Term Sukuk Monthly
Centre (Corporate)
Kingdom of
Bahrain
LMC
Lagoon City
Dec 2006
Sukuk (Corporate)
Kuwait
LMC
USD 200
200
6m LIBOR +
2.25% / 2 Years
-
-
United Arab
Emirates
LMC , EIB / Bukhatir
Investments Limited
USD 50
50
6m LIBOR +
1.75% / 5Years
-
-
LMC
USD 134
134
-
-
LMC / KFH
USD
1525.
152.5
-
-
CI: A-
-
-
Fully
Redeemed
-
-
S&P: A- /
Bahrain
-
-
-
Bukhatir
Investments Sukuk
(Corporate)
Al Marfa'a Al Mali
Sukuk (Corporate)
Durrat Al Bahrain
Sukuk (Corporate)
The Commercial
Real Estate Sukuk
(Corporate)
First Islamic
Investment Bank
(Corporate)
May 2006
January
2005
Kingdom of
Bahrain
Kingdom of
Bahrain
May 2005
Kuwait
October
2004
Kingdom of
Bahrain
LMC / FIIB
EURO
76
91.5
United Arab
Emirates
LMC / EBI & Others
USD 65
65
LMC / BMA
USD 250
250
HSBC Amanah
USD 77
77
Central Bank of Bahrain
USD 27
27
5.35% / 0.5 Years
-
-
Central Bank of Bahrain
USD 27
27
5.35% / 0.5 Years
-
-
Central Bank of Bahrain
USD 27
27
5.35% / 0.5 Years
-
-
USD 225
225
LIBOR + 0.65% / 5
Years
S&P
-
USD 27
27
5.36% / 0.5 Years
-
-
USD 100
100
LIBOR + 1% / 5
Years
-
-
USD 270
270
10 Years
-
-
July 2005
Emaar (Corporate) July 2004
Govt. of Bahrain –
Kingdom of
May 2003
BMA (Issue#7
Bahrain
Sukuk Brunei Inc 4
(Govt)
CBB Short Term
Sukuk 15
BMA Short Term
Sukuk 15
BMA Short Term
Sukuk 15
November
Brunei
2006
November Kingdom of
2006
Bahrain
November Kingdom of
2006
Bahrain
October Kingdom of
2006
Bahrain
LMC, KFH, Markaz / The
Commercial Real Estate USD 100
Company
HSBC Amanah / European
United Arab Islamic Investment Bank /
of Emirates Kuwait Finance House /
Mushreqbank
BMA Short Term September Kingdom of
Central Bank of Bahrain
Sukuk 13
2006
Bahrain
Kuwait Finance House /
Standard Bank / Gulf
NICBM Sukuk September
Kuwait
International Bank /
(Corporate
2006
Liquidity Management
Centre
Qatar Real Estate August
Qatar
Qatar National Bank / Gulf
Sharjah Islamic
Bank Sukuk
(Corporate)
October
2006
100
3m LIBOR +
2.50%/ 5 Years
3m LIBOR +
1.25%/ 5 Years
6m LIBOR +
1.25%/ 5 Years
6m
EURIBOR+1.25%
/2 Years
6m LIBOR + 0.7%
/ 5 Years
6m LIBOR +
0.60%/
5 Years
3.375 % / 0.25
Year
Investment
Company Sukuk
(Corporate)
2006
International Bank / Dubai
Islamic Bank / Al Watani
Al Islami / Qatar National
Bank Al Islami / Standard
Bank
BMA Short Term August Kingdom of
Centra Bank of Bahrainl USD 27
Sukuk 12
2006
Bahrain
IDBB (Brunei
August
Bank Islam Brunei
LNG) Sukuk
Brunei
USD 64
2006
Darussalam
(Corporate)
SABIC Sukuk
Kingdom of
HSBC Saudi Arabia
July 2006
USD 800
(corporate)
Saudi Arabia
Limited
Kingdom of
BMA Short Term July 2006
Central Bank of Bahrain USD 27
Bahrain
Sukuk 11
Sukuk Brunei Inc 3 July 2006
Brunei
HSBC Amanah
USD 127
KSA MBS 1
International
Kingdom of Unicorn Investment Bank /
July 2006
USD 18
Sukuk(Corporate
Saudi Arabia
Standard Bank
27
5.46% / 0.5 Years
-
-
64
3.67 % / 1 Year
-
-
800
SIBOR + 0.40 %
-
-
27
5.57% / 0.5 Years
-
-
127
3.35% / 0.25 Years
-
-
18
6.55 % / 14 Years
CI: A-
-
150
LIBOR + 1.25% / 5
Years
RAM: A1
-
460
6.894 / 4 Years
-
-
26.5
5.69% / 0.5 Years
-
-
-
-
Report
The Investment
Dar Second Sukuk
(Corporate)
Aabar Sukuk
(Corporate)
BMA Short Term
Sukuk 10
A'ayan Leasing
and Investment
Sukuk
Tabreed 06
Financing
Corporation Sukuk
June 2006
Kuwait
Unicorn Investment /
WestLB
USD 150
United Arab
Deutsche Bank / Abu
USD 460
of Emirates Dhabi Commercial Bank
Kingdom of
USD
June 2006
Central Bank of Bahrain
Bahrain
26.5
June 2006
June 2006
United Arab Boubyan Bank / Standard
USD 100
of Emirates
Bank / WestLB
100
6m LIBOR + 2% /
5 Years
June 2006
United Arab HSBC / Dresdner Bank AG
USD 200
of Emirates
/ CIMB
200
LIBOR +1.25 % / 7
S&P: BBBYears
Sukuk
Sukuk Burnei Inc 2
Burnei Inc
Burnei
(Govt)
2 (Govt)
BMA Short Term
Kingdom of
May 2006
Sukuk 9
Bahrain
BMA Short Term
Kingdom of
April 2006
Sukuk 8
Bahrain
March
Sukuk Brunei Inc 1
Brunei
2006
(Govt)
BMA Short Term
March Kingdom of
Sukuk 7
2006
Bahrain
BMA Short Term February Kingdom of
Sukuk 6
2006
Bahrain
BMA Short Term January Kingdom of
Sukuk 5
2006
Bahrain
WAPDA First
January
sukuk Company
Pakistan
2006
Limited
-
HSBC Amanah
USD 95
USD 95
3.375 % / 0.25
Year
-
-
Central Bank of Bahrain
USD
26.5
26.5
5.37% / 0.5 Years
-
-
BMA
USD 27
27
5.25% / 0.5 Years
-
-
HSBC Amanah
USD 92
92
3.4 % / 0.25 Year
-
-
BMA
USD 26
26
5.14% / 0.5 Years
-
-
BMA
USD 26
26
5.01%/ 0.5 Years
-
-
BMA
USD
26.5
26.5
4.80%/0.5 Years
-
-
Citi Group / Muslim
Commercial Bank /
Jahangir Siddiqui and
USD 134
134
6m KIBOR +
0.35%/ 7 Years
-
-
(Corporate)
PCFC Sukuk
(Corporate)
Sarawak Gateway
Istinaa Sukuk
(Corporate)
Sarawak Gateway
Ijarah Sukuk
(Corporate)
BMA Short Term
Sukuk 4
Govt. of Bahrain BMA (Issue#12)
BMA Short Term
Sukuk 3
The Investment
Dar Sukuk
(Corporate)
Arcapita
Multicurrency
Sukuk (Corporate)
BMA Short Term
Sukuk 2
BMA Short Term
Sukuk 1
Sanctuary Building
Sukuk (Corporate)
Amlak Finance
(Corporate)
Company
January
2006
United Arab
Emirates
Dubai Islamic Bank
USD
3,500
3,500
7.125-10.125%/ 2
Years
-
-
December
2005
Malaysia
-
USD 42
42
-
MARC: AAA-
-
December
2005
Malaysia
-
USD 64
64
-
MARC: AAA
-
BMA
USD
26.5
26.5
4.58% / 0.5 Years
-
-
BMA
USD 230
230
Fixed 5.6% /
6Years
S&P: A-
-
BMA
USD
26.5
26.5
4.40% / 0.5 Years
-
-
ABC (Islamic)
-
-
-
-
November Kingdom of
2005
Bahrain
November Kingdom of
2005
Bahrain
October Kingdom of
2005
Bahrain
October
2005
Kingdom of
Bahrain
USD 100
100
October
2005
Kingdom of HVB Group Standard Bank
USD 210
Bahrain
Plc WestLB AG
210
September Kingdom of
USD
BMA
2005
Bahrain
26.5
August Kingdom of
USD
BMA
2005
Bahrain
26.5
August
United
2005
Kingdom
United Arab HSBC / Emirates Islamic
July 2005
USD 200
Emirates
Bank
Islamic
Development Bank June 2005 International
(Corporate)
HSBC, Deutsche, DIB,
CIMB Bhd
USB / Gulf International
Bank / National Bank of
Airline Sukuk
Abu- Dhabi / HSBC
Amanah
Dubai Islamic Bank, Julius
Baer (Middle East),
Standard Chartered
Wings FZCO
United Arab (Middle East and South
June 2005
(Corporate)
Emirates
Asia, UBS, Gulf
International Bank,
National Bank of Abu
Dhabi , HSBC Amanah
Gold Sukuk dmcc
United Arab
Dubai Islamic Bank /
May 2005
(Corporate)
Emirates
Standard Bank
Abu Dhabi Commercial
Al Safeena
United
Bank, ABCIB Islamic
April 2005
(Corporate)
Kingdom Asset Management, ABC
Islamic Bank
Govt. of Bahrain - February Kingdom of
BMA
United Arab
June 2005
Emirates
6m LIBOR +
2.00%/
5 Years
3m LIBOR
/EURIBR +1.75% /
5 Years
26.5
4.18% / 0.5 Years
-
-
26.5
4.06 / 0.5 Years
-
-
261
5.48%/ 9 Years
MARC:A+
-
200
6m LIBOR + 1.2%
/ 5 Years
-
-
-
USD 500
500
6m LIBOR +
0.12% / 5 Years
S&P: AAA
Fitch: AA /
Luxembourg ,
Lubuan &
Bahrain
USD 550
550
LIBOR + 0.75% / 7
Years
-
-
USD 550
550
6m LIBOR +
0.75%/
7 Years
Luxembourg
-
USD 200
200
6m LIBOR + 0.6%
/ 5 Years
CI: A-
-
USD 26
26
Fixed rate 6% /
5 Years
-
-
USD 80
80
4.5% fixed /
S&P: A /
-
BMA (Issue#11)
Pakistan
International
Sukuk Co.
Ltd.(Govt)
2005
Bahrain
January
2005
Pakistan
Sarawak Corporate December
Sukuk (Govt)
2004
5 Year
600
6m LIBOR + 2.2%
S&P: B+
/
Luxembourg
5 Years
-
USD 350
350
S&P: A6m LIBOR + 1.1%
Moody: Baa3 /
/ 5 Years
Labuan
-
USD
1000
1000
6m LIBOR +
0.45%/ 5 Years
Govt. rating
applicable
BD 40
106
5.125% fixed /
10 Years
USD 250
250
6m LIBOR +
0.45%/ 5 Years
S&P: A- /
Bahrain
S&P: A- /
Bahrain ,
Luxembourg
& Lubuan
USD 120
120
6m Euribor
+1.00%/ 5 Years
S&P: AAFitch: AAA
-
EURO
100
120.4
6m EURIBOR
+1.00%/ 5 Years
S&P: AA/
Fitch: AAA
-
SAR 102
27.3
6% fixed/ 3 Years
-
-
USD 100
100
5.5 % fixed /
5 Years
-/
Luxembourg
-
USD 50
50
6m LIBOR
+0.30%/ 3 Years
S&P: A- /
BSE
-
USD 700
700
6m LIBOR + 0.4%
/ 7 Years
S&P: A+ /
Lubuan &
Luxembourg
-
Citigroup Global Markets
Ltd / Abu Dhabi Islamic
Region wide
USD 400
Bank / Kuwait Finance
House
400
Fixed 3.625%
S&P: AAA
Fitch: AA
-
S&P: AAA
Fitch: AA /
Lubuan &
Luxembourg
-
Malaysia
CitiGroup, HSBC, National
Bank of Pakistan, DIB, USD 600
Arab Bank, ABC Islamic
Bahrain
UBS Investment Bank /
Noriba Bank
Dubai Global
DIB, Standard Chartered,
November United Arab
Sukuk FZCO
HSBC, GIB, KFH, Arab
2004
Emirates
(Govt)
Bank
Govt. of Bahrain Kingdom of
July 2004
BMA
BMA (Issue#10)
Bahrain
Govt. of Bahrain –
Kingdom of
June 2004
BMA (Issue#9)
Bahrain
Citi Group / BMA
Stichting Sachsen
Anhalt Trust
June 2004 Germany
Citigroup
(Govt)
Saxony-Anhalt
State Properties June 2004 Germany
CitiGroup / KFH
(Govt)
Caravan 1 Limited March
United
BSEC Investment Bank
(Corporate)
2004
Kingdom
Tabreed
January United Arab Credit Suisse First Boston /
(Corporate)
2004
Emirates
National Investor-UAE
Govt. of Bahrain –
December Kingdom of
BMA
BMA
2003
Bahrain
(Issue#8)
-
-
Government of
Qatar (Govt)
September
2003
Solidarity Trust
Services Ltd
(Corporate)
August
2003
IDB Trust Services
(ISDB)
(Corporate)
August
2003
International
CitiGroup
USD 500
500
6m LIBOR +0.12%
/
5 Years
June 2003
Kingdom of
Bahrain
Securities House
USD 75
75
-
-
-
April 2003
Kingdom of
Bahrain
BMA
USD 100
100
3.75% fixed /
5 Years
S&P: A- /
Bahrain
-
May 2003
Kingdom of
Bahrain
LMC / Central Bank of
Bahrain
USD 250
250
6m LIBOR +
0.60% / 5 Years
S&P: A-
-
February Kingdom of
2003
Bahrain
BMA
USD 80
80
3.00% fixed /
3 Years
S&P: A- /
Bahrain
Fully
Redeemed
November Kingdom of
2002
Bahrain
BMA
USD 50
50
3.00% fixed /
3 Years
S&P: A- /
Bahrain
Fully
Redeemed
Arcapita Sukuk
(Corporate)
Govt. of Bahrain –
BMA
(Issue#6)
Bahrain Monetary
Agency
Govt. of Bahrain –
BMA
( Issue#5)
Govt. of Bahrain –
BMA (Issue#4)
Qatar
QIIB / HSBC Amanah/
HSBC Bank M.East
-
Govt. of Bahrain –
BMA (Issue#3)
August
2002
Kingdom of
Bahrain
BMA
USD 80
80
4.00% fixed /
5 Years
Malaysia Global
Sukuk (Govt)
July 2002
Malaysia
HSBC
USD 600
600
6m LIBOR +
0.95%/ 5 Years
BMA
USD 70
70
4.25% fixed /
3 Years
-
Fully
Redeemed
Bank Islam /
Aseambankers Malaysia USD 150
Berhad
150
6m LIBOR + 1.52.0% /
3-5 Years
-
-
100
5.25% fixed /
5 Years
-
-
Govt. of Bahrain –
February Kingdom of
BMA
2002
Bahrain
( Issue#2)
First Global Sukuk December
Inc (Govt)
2001
Malaysia
Govt. of Bahrain –
September Kingdom of
BMA
2001
Bahrain
( Issue#1)
Total Number of
77
Total Sukuk
Sukuk
BMA
Amount
USD 100
USD 16,925.90
S&P: A- /
Bahrain
S&P: A- /
Bahrain &
Lubuan
-