islamic capital markets - bloomberg finance l.p. · islamic capital markets | fy 2018 bloomberg...

ISLAMIC CAPITAL MARKETSLEAGUE TABLESFY 2018

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MANAGER RANKINGS

ISLAMIC CAPITAL MARKETS

DATA SUBMISSIONS AND QUERIES

Americas

EMEA

Asia-Pacific

Contact EmailPhone

FY 2018

© 2018 Bloomberg Finance L.P. All rights reserved.

Paul Bandong +1 609 279 5187 [email protected]

Sami Arafeh +971 4 4492349 [email protected]

Xin Yu Chen +65 6212 1123 [email protected]

http://www.bloomberg.com/

Bloomberg IslamicCapitalMarkets|FY2018

BloombergLeagueTableReports Page1

Sukuk&IslamicFinancing

Sukuk&IslamicFinancing

FY2018 FY2017

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

HSBC 1 7.519 4,970 38 3 7.471 0.048

CIMB 2 7.090 4,686 114 2 9.632 -2.542

StandardCharteredBank 3 6.617 4,374 42 4 5.275 1.342

Maybank 4 5.953 3,935 145 1 11.603 -5.650

DubaiIslamicBank 5 5.943 3,928 28 5 4.748 1.195

Citi 6 5.072 3,353 22 9 3.974 1.098

RHB 7 4.965 3,282 135 6 4.422 0.543

AmInvestmentBankBhd 8 4.616 3,051 109 7 4.200 0.416

FirstAbuDhabiBankPJSC 9 3.526 2,330 29 10 3.868 -0.342

JPMorgan 10 3.403 2,249 12 8 4.081 -0.678

MizuhoFinancial 11 2.368 1,565 8 68 0.082 2.286

AbuDhabiIslamicBank 12 2.297 1,518 15 16 2.161 0.136

CreditAgricoleCIB 13 2.291 1,514 7 61 0.155 2.136

MashreqbankPSC 14 2.224 1,470 21 31 0.631 1.593

EmiratesNBDPJSC 15 2.191 1,448 26 13 2.584 -0.393

BNPParibas 16 1.994 1,318 7 14 2.550 -0.556

MitsubishiUFJFinancialGroupInc

17 1.863 1,232 7 50 0.222 1.641

SumitomoMitsuiFinancial 18 1.839 1,216 6 68 0.082 1.757

KuwaitFinanceHouse 19 1.763 1,165 9 23 0.819 0.944

AffinHwangCapital 20 1.671 1,105 50 18 1.175 0.496

TOTAL 100% 66,100 484 100%

ThistableconsistsofIslamicfinancingandSukukissuances.Thisexcludesbondswithwarrants,credit-linkedsecurities,andstructurednotes.Thereisaminimumthresholdof12monthsformaturities,callorputperiods,andUSD50MMminimumamountforself-ledsecurities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Government32%

Financials31%

Industrials14%

Utilities8%

Others16%

Sukuk&IslamicFinancing:Manager/BookrunnerRankingsHistory

Sukuk&IslamicFinancing:IndustryBreakdown

32%

31%

14%

8%

16%

HSBC

CIMB

StandardCharteredBank

Maybank

DubaiIslamicBank Ci

ti

5

10

MarketShare(%

)

0

15

2018 2017 2016



GlobalSukuk

GlobalSukuk

FY2018 FY2017

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

CIMB 1 10.429 4,555 112 2 11.642 -1.213

HSBC 2 9.442 4,124 35 3 8.851 0.591

Maybank 3 9.010 3,935 145 1 13.075 -4.065

RHB 4 7.515 3,282 135 5 5.170 2.345



Citi 7 5.511 2,407 15 8 4.458 1.053


JPMorgan 9 3.282 1,434 10 7 4.838 -1.556


BNPParibas 11 2.500 1,092 5 13 3.124 -0.624


AbuDhabiIslamicBank 13 2.384 1,041 8 - - 2.384

EmiratesNBDPJSC 14 2.173 949 13 14 2.579 -0.406

GulfInternationalBankBSC 15 1.875 819 4 15 2.182 -0.307

Natixis 16 1.723 752 5 26 0.700 1.023

KenangaInvestmentBankBhd

17 1.648 720 40 25 0.718 0.930

SharjahIslamicBank 18 1.347 588 5 37 0.324 1.023

KuwaitFinanceHouse 19 1.342 586 7 24 0.739 0.603

MizuhoFinancial 20 1.336 583 3 55 0.101 1.235

TOTAL 100% 43,677 416 100%

ThistableconsistsofgloballysyndicatedSukukissuances.Thisexcludesbondswithwarrantsandstructurednotes.Thereisaminimumthresholdof12monthsformaturities,callorputperiodsandUSD50MMminimumamountforself-ledsecurities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Government36%

Financials36%

Utilities10%

Industrials8%

Others9%

GlobalSukuk:ManagerRankingsHistory

GlobalSukuk:IndustryBreakdown

36%

36%

10%

8%

9%

CIMB

HSBC

Maybank

RHB


AmInvestmentBankBhd

5

10

MarketShare(%

)

0

15

2018 2017 2016



InternationalSukuk

InternationalSukuk

FY2018 FY2017

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

HSBC 1 13.544 3,394 20 1 14.354 -0.810


Citi 3 9.605 2,407 15 4 8.374 1.231


JPMorgan 5 5.721 1,434 10 3 9.088 -3.367

CIMB 6 5.055 1,267 6 21 0.856 4.199




GulfInternationalBankBSC 10 3.267 819 4 11 2.630 0.637

BNPParibas 11 3.116 781 4 8 5.718 -2.602

Natixis 12 3.003 752 5 15 1.315 1.688




LandesbankBaden-Wuerttemberg

16 1.781 446 3 - - 1.781

SumitomoMitsuiFinancial 17 1.621 406 3 35 0.190 1.431

NoorBank 18 1.347 337 6 13 1.810 -0.463

SambaCapital 19 1.330 333 1 - - 1.330

BedfordRowCapitalAdvisersLtd

20 1.260 316 2 - - 1.260

TOTAL 100% 25,058 43 100%

ThistableconsistsofinternationalSukukissuances.Thisexcludesbondswithwarrants,domesticSukuk,credit-linkedsecuritiesandstructurednotes.Thereisaminimumthresholdof12monthsformaturities,callorputperiodsandUSD50MMminimumamountforself-ledsecurities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Government49%

Financials32%

Utilities11%

Others8%

InternationalSukuk:ManagerRankingsHistory

InternationalSukuk:IndustryBreakdown

49%

32%

11%

8%

HSBC


Citi

DubaiIslamicBank

JPMorgan

CIMB

5

10

15

MarketShare(%

)

0

20

2018 2017 2016



USDollarInternationalSukuk

USDollarInternationalSukuk

FY2018 FY2017

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%) MktShareChg(%)

HSBC 1 14.071 3,394 20 1 14.689 -0.618


Citi 3 9.979 2,407 15 4 8.570 1.409


JPMorgan 5 5.943 1,434 10 3 9.300 -3.357

CIMB 6 5.251 1,267 6 21 0.876 4.375




GulfInternationalBankBSC

10 3.394 819 4 11 2.692 0.702

BNPParibas 11 3.237 781 4 7 5.851 -2.614



Natixis 14 2.358 569 4 15 1.345 1.013



NoorBank 17 1.399 337 6 13 1.852 -0.453

SambaCapital 18 1.382 333 1 - - 1.382

BankABC 19 1.150 277 4 20 0.986 0.164

Barclays 20 1.122 271 4 - - 1.122

TOTAL 100% 24,121 40 100%

ThistableconsistsofInternationalSukukissuancesdenominatedinUSD.Thisexcludesbondswithwarrants,DomesticSukuk,credit-linkedsecuritiesandstructurednotes.Thereisaminimumthresholdof18monthsformaturities,callorputperiodsandUSD50MMminimumamountforself-ledsecurities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Government48%

Financials32%

Utilities11%

Others8%

USDollarInternationalSukuk:ManagerRankingsHistory

USDollarInternationalSukuk:IndustryBreakdown

48%

32%

11%

8%

HSBC


Citi

DubaiIslamicBank

JPMorgan

CIMB

5

10

15

MarketShare(%

)

0

20

2018 2017 2016



DomesticSukuk

DomesticSukuk

FY2018 FY2017

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

Maybank 1 21.136 3,935 145 1 26.067 -4.931

CIMB 2 17.662 3,288 106 2 24.168 -6.506

RHB 3 17.629 3,282 135 3 10.658 6.971



HSBC 6 3.921 730 15 6 2.612 1.309

KenangaInvestmentBankBhd 7 3.866 720 40 14 1.551 2.315

BankIslamMalaysiaBerhad 8 1.773 330 10 15 1.337 0.436

BNPParibas 9 1.671 311 1 30 0.172 1.499

NationalCommercialBank 9 1.671 311 1 7 1.688 -0.017

Oversea-ChineseBankingCorp

11 1.480 276 29 19 0.628 0.852

SinarmasSecuritiesPT 12 0.898 167 2 - - 0.898

PublicBankBerhad 13 0.825 154 6 17 0.880 -0.055

VakifYatirimMenkulDegerlerAS

14 0.641 119 4 27 0.221 0.420

MandiriSekuritasPT 15 0.454 85 31 23 0.331 0.123

KuveytTurkKatilimBankasiAS 16 0.387 72 1 - - 0.387

IndoPremierSecurities 17 0.384 71 26 22 0.335 0.049

FBNHoldingsPLC 18 0.370 69 1 31 0.156 0.214

StandardCharteredBank 19 0.346 64 2 28 0.186 0.160

DanareksaSekuritasPT 20 0.342 64 23 29 0.182 0.160

TOTAL 100% 18,618 373 100%

ThistableconsistsofdomesticSukukissuances.Thisexcludesbondswithwarrants,reverseconvertibles,syntheticconvertiblesandstructurednotes.Thereisaminimumthresholdof12monthsformaturities,callorputperiodsandUSD50MMminimumamountforself-ledsecurities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Financials41%

Government20%

Industrials14%

Utilities10%

Materials6%

Others10%

DomesticSukuk:ManagerRankingsHistory

DomesticSukuk:IndustryBreakdown

41%

20%

14%

10%

6%

10%

Maybank

CIMB RH

B

AmInvestmentBankBhd

AffinHwangCapital

HSBC

10

20

MarketShare(%

)

0

30

2018 2017 2016



GCCSukuk

GCCSukuk

FY2018 FY2017

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)


HSBC 2 12.224 2,128 15 1 12.837 -0.613

Citi 3 7.472 1,301 10 3 10.283 -2.811

JPMorgan 4 7.314 1,273 9 2 11.975 -4.661

FirstAbuDhabiBankPJSC 5 6.125 1,066 12 15 1.848 4.277


BNPParibas 7 5.196 904 4 5 7.535 -2.339





GulfInternationalBankBSC 12 2.872 500 2 10 3.989 -1.117

AbuDhabiIslamicBank 13 2.535 441 6 - - 2.535

NationalCommercialBank 14 2.534 441 2 4 8.701 -6.167

SambaCapital 15 1.915 333 1 11 1.933 -0.018

NoorBank 16 1.703 296 5 16 1.633 0.070

Barclays 17 1.555 271 4 - - 1.555


18 1.436 250 2 32 0.251 1.185

Natixis 18 1.436 250 2 28 0.322 1.114


TOTAL 100% 17,407 31 100%

ThistableconsistsofSukukissuancesbyissuersfromBahrain,Kuwait,Oman,Qatar,SaudiArabiaandtheUnitedArabEmirates.Thisexcludesbondswithwarrantsandcredit-linkedsecurities.Thereisaminimumthresholdof18monthsformaturities,callorputperiodsandUSD50MMminimumamountforself-ledsecurities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Financials40%

Government32%

Utilities11%

Industrials6%

Materials5%

Others6%

GCCSukuk:ManagerRankingsHistory

GCCSukuk:IndustryBreakdown

40%

32%

11%

6%5%

6%


HSBC Ci

ti

JPMorgan

FirstAbuDhabiBankPJSC

DubaiIslamicBank

5

10

15

MarketShare(%

)

0

20

2018 2017 2016



MalaysianRinggitSukuk

MalaysianRinggitIslamicSukuk

FY2018 FY2017

Firm RankMkt

Share(%)Volume(MYR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

Maybank 1 24.505 17,611 148 1 30.878 -6.373

RHB 2 21.159 15,206 166 4 11.227 9.932

CIMB 3 20.366 14,637 111 2 28.310 -7.944



KenangaInvestmentBankBhd 6 3.699 2,659 39 7 1.899 1.800

HSBC 7 2.338 1,680 14 9 1.146 1.192

BankIslamMalaysiaBerhad 8 1.834 1,318 10 8 1.243 0.591

Oversea-ChineseBankingCorp

9 1.511 1,086 29 13 0.715 0.796

PublicBankBerhad 10 0.863 621 6 10 1.087 -0.224

KuwaitFinanceHouse 11 0.181 130 4 15 0.344 -0.163

StandardCharteredBank 12 0.167 120 2 16 0.235 -0.068

UnitedOverseasBank 13 0.136 98 17 20 0.057 0.079

HongLeongFinancialGroupBhd

14 0.076 54 3 12 0.965 -0.889

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 71,868 364 100%

ThistableconsistsofSukukissuancesdenominatedinMalaysianRinggit.Thisexcludesbondswithwarrants.Thereisaminimumthresholdof12monthsformaturities,callorputperiods,andUSD50MMminimumamountforself-ledsecurities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Financials44%

Utilities17%

Industrials16%

Government13%

Others11%

MalaysianRinggitIslamicSukuk:ManagerRankingsHistory

MalaysianRinggitIslamicSukuk:IndustryBreakdown

44%

17%

16%

13%

11%

Maybank

RHB

CIMB

AmInvestmentBankBhd

AffinHwangCapital

KenangaInvestmentBankBhd

10

20

30

MarketShare(%

)

0

35

2018 2017 2016



EMEAIslamicFinancing:Bookrunner

EMEAIslamicFinancing(Bookrunner)

FY2018 FY2017

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

DubaiIslamicBank 1 10.941 2,141 10 1 14.626 -3.685

CreditAgricoleCIB 2 6.798 1,330 3 - - 6.798

MashreqbankPSC 3 6.582 1,288 10 7 3.537 3.045


StandardCharteredBank 5 5.546 1,085 8 6 5.667 -0.121


6 4.884 956 3 30 0.108 4.776

MizuhoFinancial 6 4.884 956 3 - - 4.884

Citi 8 4.701 920 5 11 2.480 2.221

HSBC 9 4.322 846 3 14 2.114 2.208

JPMorgan 10 4.169 816 2 21 1.136 3.033

Industrial&CommBankofChina 11 4.062 795 2 11 2.480 1.582

SumitomoMitsuiFinancial 12 4.005 784 2 - - 4.005

BankofChina 13 3.909 765 1 21 1.136 2.773

NoorBank 14 3.043 596 7 3 11.610 -8.567

KuwaitFinanceHouse 15 2.959 579 2 - - 2.959


AbuDhabiIslamicBank 17 2.437 477 3 2 14.536 -12.099

Al-RajhiBanking&InvestmentCorp

18 2.251 440 1 - - 2.251

ArabNationalBank 18 2.251 440 1 17 1.321 0.930

BanqueSaudiFransi 18 2.251 440 1 - - 2.251

TOTAL 100% 19,570 41 100%

ThistableconsistsofIslamicfinancingwithamarketofsyndicationintheEMEAregion.Thisexcludesbilateralloans.Thereisaminimumthresholdof3monthsformaturities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Government28%

Financials27%

Industrials15%

Materials8%

Communications7%

Energy6%

ConsumerDiscretionary5%

Others4%

EMEAIslamicFinancing:BookrunnerRankingsHistory

EMEAIslamicFinancing(Bookrunner):IndustryBreakdown

28%

27%15%

8%

7%

6%5%

4%

DubaiIslamicBank

CreditAgricoleCIB

MashreqbankPSC




MizuhoFinancial

5

10

MarketShare(%

)

0

15

2018 2017 2016



EMEAIslamicFinancing:MandatedLeadArranger

EMEAIslamicFinancing(MandatedLeadArranger)

FY2018 FY2017

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)


HSBC 2 4.842 1,263 8 4 5.657 -0.815




BNPParibas 6 3.493 911 4 - - 3.493

MashreqbankPSC 7 3.437 897 14 16 1.992 1.445


8 3.343 872 5 64 0.054 3.289

Al-RajhiBanking&InvestmentCorp

9 3.093 807 7 9 3.853 -0.760

FirstAbuDhabiBankPJSC 10 3.041 793 12 20 1.411 1.630


Citi 12 2.728 712 4 23 0.955 1.773



JPMorgan 15 2.581 673 2 18 1.473 1.108


NoorBank 17 2.491 650 11 6 5.619 -3.128

BankofChina 18 2.465 643 2 33 0.570 1.895

GoldmanSachs 19 2.444 638 1 - - 2.444

ArabNationalBank 20 2.224 580 5 10 3.541 -1.317

TOTAL 100% 26,089 57 100%


Government28%

Financials27%

Industrials15%

Materials8%

Communications7%

Energy6%


Others4%

EMEAIslamicFinancing:MandatedLeadArrangerRankingsHistory

EMEAIslamicFinancing(MandatedLeadArranger):IndustryBreakdown

28%

27%15%

8%

7%

6%5%

4%

DubaiIslamicBank

HSBC

KuwaitFinanceHouse


CreditAgricoleCIB

BNPParibas

2

4

6

8

MarketShare(%

)

0

10

2018 2017 2016



EMEAIslamicFinancing:AdministrativeAgent

EMEAIslamicFinancing(AdministrativeAgent)

FY2018 FY2017

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

MizuhoFinancial 1 36.153 7,650 1 - - 36.153




NationalCommercialBank 5 5.450 1,153 2 1 28.557 -23.107

MashreqbankPSC 6 4.828 1,022 4 17 0.744 4.084

CreditAgricoleCIB 7 3.980 842 1 - - 3.980

EmiratesNBDPJSC 8 3.263 691 5 12 1.280 1.983

NoorBank 9 3.151 667 4 4 6.509 -3.358

DeutscheBank 10 2.883 610 1 - - 2.883

KuwaitFinanceHouse 11 2.441 517 1 - - 2.441

SocieteGenerale 12 1.647 349 3 13 1.230 0.417

HSBC 13 1.512 320 1 - - 1.512

BankABC 14 1.508 319 1 9 2.336 -0.828

NationalBankofKuwait 15 1.333 282 1 - - 1.333

WarbaBank 16 1.184 250 1 11 1.553 -0.369

TurkiyeGarantiBankasiAS 17 1.162 246 1 - - 1.162

AbuDhabiCommercialBank

18 0.945 200 1 14 1.159 -0.214

NationalBankofEgypt 19 0.832 176 2 21 0.090 0.742

BanqueSaudiFransi 20 0.630 133 1 3 7.426 -6.796

TOTAL 100% 21,159 51 100%


Government28%

Financials27%

Industrials15%

Materials8%

Communications7%

Energy6%


Others4%

EMEAIslamicFinancing:AdministrativeAgentRankingsHistory

EMEAIslamicFinancing(AdministrativeAgent):IndustryBreakdown

28%

27%15%

8%

7%

6%5%

4%

MizuhoFinancial

DubaiIslamicBank

AbuDhabiIslamicBank


NationalCommercialBank

MashreqbankPSC

10

20

30

MarketShare(%

)

0

40

2018 2017 2016



GlobalIslamicFinancing:Bookrunner

GlobalIslamicFinancing(Bookrunner)

FY2018 FY2017

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)


CreditAgricoleCIB 2 5.933 1,330 3 - - 5.933

MashreqbankPSC 3 5.745 1,288 10 10 2.747 2.998


StandardCharteredBank 5 5.064 1,135 9 8 5.178 -0.114

MitsubishiUFJFinancialGroupInc 6 4.378 982 4 42 0.084 4.294

MizuhoFinancial 6 4.378 982 4 - - 4.378

Citi 8 4.218 946 6 14 1.926 2.292

BankMandiri 9 4.052 909 4 6 5.415 -1.363

HSBC 10 3.772 846 3 17 1.642 2.130

JPMorgan 11 3.638 816 2 30 0.882 2.756



BankofChina 14 3.412 765 1 29 1.006 2.406

NoorBank 15 2.656 596 7 3 9.016 -6.360

BankNegaraIndonesia(Persero)TbkPT

16 2.654 595 5 9 4.021 -1.367



AbuDhabiIslamicBank 19 2.127 477 3 2 11.288 -9.161

Al-RajhiBanking&InvestmentCorp 20 1.964 440 1 - - 1.964

TOTAL 100% 22,423 51 100%

ThistableconsistsofallGlobalSyndicatedIslamicFinancing.ItexcludesbilateralIslamicFinancing.Thereisaminimumthresholdof3monthsformaturities.PleaseseetheLeagueTableStandardsandGuidelinesforfurtherdetails.

Government25%

Financials24%

Industrials22%

Materials7%

Communications6%

Energy6%


Others5%

GlobalIslamicFinancing:BookrunnerRankingsHistory

GlobalIslamicFinancing(Bookrunner):IndustryBreakdown

25%

24%22%

7%

6%

6%5%

5%

DubaiIslamicBank

CreditAgricoleCIB

MashreqbankPSC




MizuhoFinancial

5

10

MarketShare(%

)

0

15

2018 2017 2016



GlobalIslamicFinancing:MandatedLeadArranger

GlobalIslamicFinancing(MandatedLeadArranger)

FY2018 FY2017

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)


HSBC 2 4.395 1,306 9 4 5.438 -1.043




BankMandiri 6 3.213 954 5 16 2.265 0.948

BNPParibas 7 3.133 931 5 76 0.063 3.070

MashreqbankPSC 8 3.019 897 14 22 1.580 1.439

MitsubishiUFJFinancialGroupInc 9 3.002 892 6 82 0.043 2.959

Al-RajhiBanking&InvestmentCorp 10 2.716 807 7 9 3.056 -0.340

FirstAbuDhabiBankPJSC 11 2.670 793 12 26 1.159 1.511


Citi 13 2.461 731 5 33 0.797 1.664




JPMorgan 17 2.267 673 2 25 1.169 1.098

BankofChina 18 2.230 662 3 37 0.640 1.590

NoorBank 19 2.187 650 11 6 4.457 -2.270


20 2.158 641 6 15 2.310 -0.152

TOTAL 100% 29,706 74 100%


Government25%

Financials24%

Industrials22%

Materials7%

Communications6%

Energy6%


Others5%

GlobalIslamicFinancing:MandatedLeadArrangerRankingsHistory

GlobalIslamicFinancing(MandatedLeadArranger):IndustryBreakdown

25%

24%22%

7%

6%

6%5%

5%

DubaiIslamicBank

HSBC


KuwaitFinanceHouse

CreditAgricoleCIB

BankMandiri

2

4

6

8

MarketShare(%

)

0

10

2018 2017 2016



GlobalIslamicFinancing:AdministrativeAgent

GlobalIslamicFinancing(AdministrativeAgent)

FY2018 FY2017

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

MizuhoFinancial 1 31.270 7,650 1 - - 31.270



BankMandiri 4 7.557 1,849 4 16 1.677 5.880


NationalCommercialBank 6 4.714 1,153 2 1 23.745 -19.031

MashreqbankPSC 7 4.176 1,022 4 23 0.619 3.557

CreditAgricoleCIB 8 3.442 842 1 - - 3.442

EmiratesNBDPJSC 9 2.823 691 5 18 1.064 1.759

NoorBank 10 2.725 667 4 4 5.412 -2.687

DeutscheBank 11 2.493 610 1 - - 2.493


BankCentralAsia 13 1.925 471 1 15 1.702 0.223

SocieteGenerale 14 1.425 349 3 19 1.023 0.402

HSBC 15 1.308 320 1 - - 1.308

BankABC 16 1.304 319 1 11 1.943 -0.639

NationalBankofKuwait 17 1.153 282 1 - - 1.153


18 1.125 275 3 14 1.822 -0.697

CIMB 19 1.122 274 1 9 3.358 -2.236

WarbaBank 20 1.024 250 1 17 1.292 -0.268

TOTAL 100% 24,464 64 100%


Government25%

Financials24%

Industrials22%

Materials7%

Communications6%

Energy6%


Others5%

GlobalIslamicFinancing:AdministrativeAgentRankingsHistory

GlobalIslamicFinancing(AdministrativeAgent):IndustryBreakdown

25%

24%22%

7%

6%

6%5%

5%

MizuhoFinancial

DubaiIslamicBank

AbuDhabiIslamicBank

BankMandiri


NationalCommercialBank

10

20

30

MarketShare(%

)

0

35

2018 2017 2016

Bloomberg – League Tables Criteria

Bloomberg L.P. reserves the right of final decision concerning league eligibility and requires adequate documentation for the same. Bloomberg L.P. and its suppliers believe the information herein was obtained from reliable sources, but they do not guarantee its accuracy. Neither the information nor the opinion expressed constitutes a solicitation of the purchase or sale of securities or commodities. Due to the dynamic nature of the Professional Service product, League Table rankings may vary between the quarterly/year-end publications and data found on the Bloomberg Professional Service.

General Guidelines

Credit is based on the total amount of the offering sold to the public. Full credit is awarded to the sole bookrunning manager or split equally among joint bookrunning managers; unless full, explicit breakdown of bookrunning is provided by an involved party. Regional and local tables are identifiedbased on factors such as currency, market of issuer and/or country of risk/incorporation.

Fixed Income

All transactions must have a maturity/call/put option of minimum 18 months. Make-whole call and provisional call/put are exempted from this rule. Note: Criteria may vary for some local and/or regional tables. USD denominated 144A/REG S issues are credited 100% to the 144A tranche and 0% to the REG S tranche. Non-USD denominated 144A/REG S issues are credited 100% to the REG S tranche and 0% to the 144A tranche. Self-led transactions are included. New money portions of exchange offers are eligible for credit.

Exclusions: Accredited investor tranches, asset-backed issues, auction note agencies, collateralized bond obligations, collateralized loan obligations, commercial paper, municipal bonds, mortgage-backed issues, remarketed issues, repackaged bonds, government borrowing scheme retained bonds, variable principal redemption issues, variable interest equity-linked issues, and credit linked notes, selling group agency issues, strips, units, warrants, self-led under USD 50 million. Note: Criteria may vary for some local and/or regional tables.

Equities-Linked

Equity-linked transactions: Convertible bonds, convertible preferred stock and exchangeable bonds. Only issues that mature and are callable/puttable in 12 months or longer are included. Make-whole call, provisional call and provisional put are exempted from this rule. Convertible bondswith attached warrants are included. These are defined as synthetic convertibles with the combination of a fixed income instrument and warrants which can be converted into shares. The embedded warrant can be detachable or non-detachable but the bond and the warrant must be sold as a unit, i.e. there cannot be separate book building for the warrant and the bond.

Exclusions: Redemption-linked instruments, reverse convertibles or similar instruments, synthetics convertibles, issues convertible into participation in an underlying fund or investment trust, pre-IPO convertible instruments, certain lower hierarchy titles, i.e. Jr Bookrunner.

Equities

Equity market transactions: Initial public offerings, additional offerings of common stocks, units, and depositary receipts (ADRs, GDRs, etc) and rights offerings.

Exclusions: Non-underwritten/best efforts, privately placed transactions, funds, self-led, preferred offerings, pre-negotiated offerings, certain lower hierarchy titles, i.e. Jr Bookrunner. Note: Criteria may vary for some local and/or regional tables.

Bloomberg – League Tables Criteria

Bloomberg L.P. reserves the right of final decision concerning league eligibility and requires adequate documentation for the same. Bloomberg L.P. and its suppliers believe the information herein was obtained from reliable sources, but they do not guarantee its accuracy. Neither the information nor the opinion expressed constitutes a solicitation of the purchase or sale of securities or commodities. Due to the dynamic nature of the Professional Service product, League Table rankings may vary between the quarterly/year-end publications and data found on the Bloomberg Professional Service.

Loans

Includes executed syndicated loans transactions. Full credit is awarded to the banks satisfying the highest of the titles. Full credit is awarded to the sole bookrunning manager or split equally among joint bookrunning managers. Credit is allocated to amended or amended and restated transactions, where each modification is 100% at the lender’s option and not as a result of events already built into the original credit agreement. Credit is awarded for the following structural changes only: maturity extensions of three months or more, incremental basis for increased in deal size, reduction in pricing, full release of security.

Exclusions: Bilateral transactions, transactions with a maturity of less than three months, loans withdrawn prior to signing, amended orrestated securitizations, receivable and guarantee facilities.

US Municipals

Standard published tables will award deal credit based on true economic credit as reported by the issuer or the bookrunner. In absence ofreported economic credit, 100% will be assigned to the bookrunner.

Dollar value of credit will be assigned based on the percentage allocation reported for economic credit (or designated by the user in a custom table) and applied against the total par value of the bonds issued. Zero coupon bonds (CABS) or intermediate appreciation bonds (convertible CABs) will be included at the market value (accreted value) on the interest accrual date.

All debt issued by municipal issuers will be eligible for league credit. Taxable and tax-exempt debt is eligible for league credit unless a table includes specific tax type criteria. “Tax-exempt” is defined as federally tax-exempt and includes bonds subject to AMT and bonds designated as Bank Qualified.

Each table is provided in three formats. “Economic Credit” displays rankings based on true economic credit allocations of applicable deals. “Left Lead” assigns 100% credit to the bookrunner and 0% to all other syndicate participants. “Deal Count” displays rankings based on deal quantity rather than aggregate economic credit amounts. A “deal” refers to the aggregate series within an issuance led by a particular underwriter or syndicate. For example: a $50 million issuance is split into three series- a $10 million Series A, a $20 million Series B, and a $20 million Series C. Bank 1 is the underwriter of Series A & B, while Bank 2 is the underwriter of Series C. Bank 1 would have one “deal” worth $30 million, and Bank 2 would have one “deal” worth $20 million.

Exclusions: Derivatives, private placements, variable rate preferred securities, municipal commercial paper, and remarketings are excluded from municipal league table eligibility.

The full version of Bloomberg’s League table Standards & Guidelines can be accessed and subscribed to on the Reports tab on

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