ISLAMIC FINANCE NEWS AWARDS 2020
DDCAP Group™ (“DDCAP”) is honoured and privileged to have been awarded the IFN Best Interbroker for Islamic transactions in the IFN Service Providers Poll 2020. This is the 4th consecutive year that DDCAP has…
IIFM Publishes Ijarah Sukuk Standards – 13th October 2020
Tuesday, 13th October 2020, Manama, Kingdom of Bahrain - The International Islamic Financial Market (IIFM) announced the publication of its Sukuk Al Ijarah Standard Documentation Templates. The suite of standardized…
NEWS in BRIEF
Government of Oman Raises OR200m (US$520m) Through its Third Domestic Sukuk in Year to Date Aimed at Bridging the Budget Deficit in the Wake of COVID-19Muscat – The Ministry of…
Sheikh Sabah al-Sabah, Emir of Kuwait and Doyen of Arab Diplomacy Passes Away at the age of 91
Sheikh Sabah al-Ahmed al-Jaber al-Sabah, the Emir of Kuwait, passed away peacefully on 29 September 2020 in the United States, where he was receiving medical treatment, aged 91 after ruling…
Bahrain Issues US$1bn Sukuk Ijara in the International Market in September 2020 to Further Mitigate the Impact of COVID-19 on Public Finances
The Kingdom of Bahrain, acting through the Ministry of Finance & National Economy, returned to the international market in September 2020 with a benchmark 7-year US$1 billion Sukuk issuance which…
Sustainability Marks Saudi Government Monthly Domestic Sukuk Issuance as Total Volume Rises to SAR49,328.5m (US$13,150.72m) in First Nine Months of 2020
The National Debt Management Center (NDMC) of the Saudi Ministry of Finance (MoF) continued with its monthly domestic sovereign Sukuk issuance in September 2020 as part of its public debt…
Cagamas SRP Launches Digital Home Financing Service Aimed at Young First Time Home Buyers
Another sign of Malaysia’s prominent position in digitisation in financial services products is the launch on 10 September 2020 of the Digital Skim Rumah Pertamaku (Digital SRP), the country’s first…
Emirates Islamic Returns to Market with Benchmark US$500m Sukuk Wakala Issuance
Emirates Islamic Bank (EIB), rated A+ (stable) by Fitch Ratings, successfully closed the issuance of its latest Sukuk offering in September 2020 - a benchmark US$500 million 5-year Sukuk Wakala,…
SEC Record US$1.3bn Green Sukuk Marks Saudi Arabia’s Entry into the Green Finance Agenda Amidst Huge Diverse Investor Uptake
The Saudi Electricity Company (SEC), the largest electricity utility company in the Middle East & North Africa (MENA) region, successfully completed a US$1.3 dual tranche fixed rate Reg S Senior…