NEWS in BRIEF
KIB Signs US$150m Bilateral Murabaha Facility Agreement with EQUATE Petrochemical Company Kuwait City – Kuwait International Bank (KIB), formerly the Kuwait Real Estate Bank, signed a US$150 million bilateral Murabaha…
SABB Issues SAR5bn Tier II Sukuk as Kingdom’s Independent Securities Clearing Centre Company (Muqassa) Gears to Start Operations at end August 2020
The Saudi British Bank (SABB) is the latest Saudi bank to raise funds from the market through a Sukuk issuance. SABB, in a disclosure to the Saudi Stock Exchange (Tadawul),…
Saudi Government Raises SAR35.65bn (US$9.5bn) via new Issuance and Refinancing in July 2020 Through Six Sukuk Istithmar Tranches Under Two Separate Issuance Programmes
Saudi Arabia’s reliance on domestic sovereign Sukuk issuance as part of its public debt strategy increased sharply with The National Debt Management Center (NDMC) of the Ministry of Finance (MoF)…
Securities Commission Malaysia Consults on Digital Asset Wallet Framework as it’s Shariah Advisory Council in a Landmark Resolution Approves Trading of Digital Assets
The rapid evolution of FinTech is forcing regulators to keep up with developments so that they and their constituents – corporate and retail customers – do not get left behind…
Public Debt Sukuk Issuances Hold Key to Market Growth in COVID-19 Affected 2020 as Primary Sukuk Issuances Reached a Record US$146bn in 2019
While the year 2019 was a record year for primary Sukuk issuance, the year 2020 seems to be cautiously holding its own despite the economic and health impact of COVID-19…
UK Government on Track for Second Sukuk Issuance “in the Near Future” as HM Treasury Sees Growing Role for IF in Post-Brexit and COVID-19 Recovery Dispensation
The UK Government remains committed to issuing a second sovereign Sukuk “in the near future” confirmed an HM Treasury spokesperson in an interview with Mushtak Parker. “Last year the Government…