NEWS in BRIEF
Kuveyt Turk Boosts Lease Financing Portfolio to TL6.5bn in Q1 2021 as Prospects for Sector Increases Following Agreement with Leading Industrial Group Istanbul – In an effort to further boost…
Saudi NDMC Issues Fifth Consecutive Monthly Domestic Sukuk with SAR3.53 billion (US$941.26 million) Offering in May as Total for First Five Months 2021 Tops Record SAR34.13bn (US$9.1bn)
The National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) issued its fifth consecutive monthly issuance of Riyal-denominated sovereign Sukuk with a two-tranche SAR3.53 billion (US$941.26 million)…
IsDB Targets Agri-business Sector Development in African Member Countries with US$3.5bn Investment and Co-financing Arrangements with BADEA and IFAD
The Jeddah-based Islamic Development Bank (IsDB), the multilateral development bank (MDB) of the Muslim world, is targeting food security, agriculture, and climate action in its African member countries, who have…
Malaysia’s 34.2% Islamic Banking Market Share Edges Towards 50% Parity with Conventional Sector by 2030 as Sector Reinforces its Resilience and Relevance during COVID-19 Pandemic
Malaysia’s Islamic banking and Takaful industry continues its steady march towards the stated goal of the Malaysian government to achieve parity with the conventional sector in terms of 50% market…
IsDB Notches Up Another Sukuk First With a Maiden US$400m Secured Overnight Financing Rate (SOFR)-linked Offering Through a Private Placement
There is no doubt that the Islamic Development Bank (IsDB) is having a good year as far as its fixed income (Sukuk) issuance strategy is concerned. But it is in…
Indonesia Notches up Another First With Latest Three-tranche US$3bn Sukuk Offering Including the First 30-Year Green Sukuk in the World
For a regular annual issuer of sovereign Sukuk, the Government of Indonesia is adept at notching up global firsts in its issuance programme and strategy. This is particularly so in…