London cements its position as a global hub for Islamic finance as UK Government and UKIFC lead Inaugural Taskforce on Islamic Finance and UN’s SDGs
The Islamic Finance Council UK (UKIFC) in partnership with the UK Government, convened the inaugural Islamic Finance & UN Sustainable Development Goals (SDGs) Taskforce through a virtual meeting in early…
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Malaysia Follows IsDB and Indonesia in Issuing Dedicated Covid-19 Mitigation RM500m Sukuk Prihatin Putrajaya – More countries are following the Islamic Development Bank (IsDB) and Indonesia in issuing dedicated Covid-19 mitigation…
Industry Mourns the Passing of Islamic Banking Pioneer Hajj Saeed bin Ahmed Al Lootah, Founder of Dubai Islamic Bank, the Oldest Islamic Commercial Bank, at the Age of 97
The Islamic finance industry lost another of its contemporary pioneers, Hajj Saeed bin Ahmed Al Lootah, the founder and Chairman for many years of Dubai Islamic Bank (DIB), the oldest…
DP World Upsizes Latest Perpetual Sukuk Mudaraba Issuance to US$1.5bn Following Robust Demand from International Investors
DP World, the Dubai-based global port operator and logistics group, launched its latest Sukuk offering on 24 June 2020 – a U.S.$1.5 billion Reset Subordinated Perpetual Certificates issuance.The Sukuk Mudaraba…
Saudi Sovereign Domestic Sukuk Issuance Reaches US$12.42bn in First Half 2020 as NDMC raises US$2.25bn in June with a Three-Tranche Sukuk
Saudi Arabia’s reliance on domestic sovereign Sukuk issuance as part of its public debt strategy continued in June 2020 with The National Debt Management Center (NDMC) of the Ministry of…
DIB Raises US$1.3bn Through Two Sukuk Offerings in June 2020 to Finance Customers and Clients During Covid-19 Economic Recovery Phase
It seems that issuers are seeking flight to quality and safety as sovereigns, multilaterals, banks and corporates in the Middle East, South East Asia and Africa are turning to domestic…
Indonesia Returns to Market with US$2.5bn Triple-Tranche Sukuk Wakala including a Third US$750m Global Green Sukuk
The Government of Indonesia returned to the global Sukuk market on 17 June 2020 through the issuance of a three-tranche US$2.5 billion Sukuk Wakala in the international market in 144A/…
IsDB Issues Debut US$1.5bn Sustainability Sukuk Specifically to Fight Aftermath of Covid-19 in Member Countries
The Islamic Development Bank (IsDB), the multilateral development bank (MDB) of the OIC (Organisation of Islamic Cooperation) countries, has consolidated its financing “to tackle the aftermath of the COVID-19 pandemic…
IslamicMarkets.com and DDCAP Strengthen Collaboration with Second Round of Strategic Investment
IslamicMarkets Limited (“IslamicMarkets.com”), the world’s leading learning and market intelligence provider for the Islamic financial and commercial markets, has secured a second round of strategic investment from DDCAP GroupTM (“DDCAP”),…