Saudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues in April 2022 with a Two-Tranche SAR9.98bn (US$2.7bn) Issuance Bringing Aggregate Issuances in Q1 2022 to SAR36.36bn (US$9.69bn)

The National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) Saudi Arabia continued its consecutive monthly Sukuk issuance under its Saudi Riyal-denominated Sukuk Issuance Programme with a…

Continue ReadingSaudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues in April 2022 with a Two-Tranche SAR9.98bn (US$2.7bn) Issuance Bringing Aggregate Issuances in Q1 2022 to SAR36.36bn (US$9.69bn)

Kuwait’s Boubyan Bank Returns to International Market with a Benchmark US$500m Senior Unsecured Wakala/Murabaha Sukuk Issuance in March 2022  

Kuwaiti Islamic bank, Boubyan Bank, returned to the international market with a benchmark US$500 million Senior Unsecured Wakala/Murabaha Sukuk issuance in March 2022.In a disclosure to Boursa Kuwait (the Kuwait…

Continue ReadingKuwait’s Boubyan Bank Returns to International Market with a Benchmark US$500m Senior Unsecured Wakala/Murabaha Sukuk Issuance in March 2022  

First Abu Dhabi Bank Closes its Latest US$500m Sukuk at the Tightest Spread Ever Achieved by the Bank or any Other MENA Bank on a Public Fixed Rate Bond or Sukuk

First Abu Dhabi Bank (FAB), the UAE’s largest bank in terms of assets, issued its first public debt transaction in 2022 with a benchmark US$500 million fixed rate Sukuk issuance…

Continue ReadingFirst Abu Dhabi Bank Closes its Latest US$500m Sukuk at the Tightest Spread Ever Achieved by the Bank or any Other MENA Bank on a Public Fixed Rate Bond or Sukuk

Gulf Finance House Real Estate Entity Infracorp Issues Debut US$900m Green Mudaraba Sukuk to Accelerate Sustainable Infrastructure Development Growth Across MENA and South Asia

Sustainability and Green Sukuk continue to feature in the issuance landscape, albeit at a steady but slow pace, with the debut benchmark US$900 million Green Sukuk Mudaraba by Manama-based Infracorp,…

Continue ReadingGulf Finance House Real Estate Entity Infracorp Issues Debut US$900m Green Mudaraba Sukuk to Accelerate Sustainable Infrastructure Development Growth Across MENA and South Asia

Bank Negara Malaysia Launches Landmark Malaysia Islamic Overnight Rate (MYOR-i), the World’s First Islamic Benchmark Reference Rate

Bank Negara Malaysia Launches Landmark Malaysia Islamic Overnight Rate (MYOR-i), the World’s First Islamic Benchmark Reference Rate Bank Negara Malaysia (BNM) launched the landmark Malaysia Islamic Overnight Rate (MYOR-i) on 25…

Continue ReadingBank Negara Malaysia Launches Landmark Malaysia Islamic Overnight Rate (MYOR-i), the World’s First Islamic Benchmark Reference Rate