NEWS in BRIEF
IILM Issues US$500mn Sukuk in Two Tranches Kuala Lumpur – The International Islamic Liquidity Management Corporation (IILM) successfully issued on 10 April 2019 a total amount of US$500 million short-term…
Saudi Telecom Launches Debut International Sukuk
Saudi Telecom Company (STC), the largest telecom operator in the Gulf Cooperation Council (GCC) states in terms of assets and with a 73 per cent share of the aggregate revenue…
Saudi DMO Issues Debut Domestic Sovereign US$3.1bn Sukuk with a 30-Year Maturity as Issuance Reaches US$9.12bn for First Four Months in 2019, whilst Fees for Issuance and Listing Drops
The standout feature of the on-going domestic sovereign Sukuk issuance by the Saudi Ministry of Finance, through its Debt Management Office (DMO), in April 2019 is the issuance of a…
GAVI, UNICEF and UNHCR Leads Mainstreaming of Islamic Social Finance and Philanthropy through Sukuk Issuances and Specialist Funds
Islamic social finance and philanthropy is increasingly going mainstream and cooperating with the World Bank and International Monetary Fund (IMF) and several United Nations (UN) agencies including UNICEF and UNHCR.…
Ziraat Katilim Raises US$250m Dual Currency in Latest Murabaha Syndication as Turkish Government Embarks on Restructuring Plan for State-owned Banks
The syndicated Murabaha and Islamic revolving credit market continues to be an attractive option for Turkey’s participation banks as a fund raising instrument in addition to Sukuk, both of which…
Prolific IsDB Continues to Consolidate International Sukuk Issuance with Latest US$1.5bn Offering as MDB Plans to Raise US$5bn from Markets in 2019
The Islamic Development Bank (IsDB), the multilateral development bank of the OIC countries, successfully priced a US$1.5 billion, 5-year Trust Certificates (Sukuk) transaction on 21 April 2019, the first public…