NEWS in BRIEF
Malaysian Flagship Bank Islam Issues Second Tranche RM400m Murabaha Sukuk under its RM10bn Issuance Programme Kuala Lumpur - BIMB Holdings Bhd, through its wholly-owned subsidiary Bank Islam Malaysia Bhd, Malaysia’s…
Securities Commission Plans Sustainable Consolidation of Malaysian ICM in 2020 Amid Greater Competition from Rivals as Market Size Surpasses RM2 Trillion in 2019 with 64 percent of Overall Market
The Malaysian capital market grew by 3% in 2019 driven largely by its Islamic capital market (ICM), one the most developed in terms of infrastructure, market size and depth, which…
Saudi NDMC Consolidates Sovereign Domestic Sukuk Issuance Momentum with US$5.62bn Raised in March and April through Two Consecutive Offerings
Sovereign domestic Sukuk issuance is playing a major role in Saudi Arabia’s fund-raising strategy to meet shortfalls in its 2020 budget allocations precipitated by the fallout from the twin pandemics…
Sovereign Domestic Sukuk Proliferate as an Important Part of Covid-19 Mitigation Financing Packages with Turkey, Indonesia and Pakistan Leading the Way
It is not only Saudi Arabia that is turning to domestic sovereign Sukuk issuances as part of a diversified public debt raising strategy in an effort to mitigate the twin…
IsDB Disburses US$1.255bn in Emergency Financing in April to Help Combat Health and Socio-economic Impact of COVID-19 in Member Countries
Following the approval in March 2020 by the Board of Executive Directors of the Islamic Development Bank (IsDB), the multilateral development bank (MDB) of the 57 OIC countries, of an…