NEWS in BRIEF
IsDB Board Approves US$176.1m of New Financing for Key Development Projects in Four African Member StatesSharm El Sheikh – The Board of Executive Directors of the Islamic Development Bank (IsDB),…
Saudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues in April and May 2022 with Two Auctions Raising an Aggregate SAR24.94bn (US$6.65bn) and Bringing Aggregate Issuances in January-May 2022 to SAR51,321.42m (US$13,684.55m)
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 two…
Malaysian ICM Continues its Resilience and Dominance with 65% Market Share in 2021 on the Back of Strong Market Capitalisation and Sukuk Outstanding
The Malaysian Islamic Capital Market (ICM) continued its resilience and dominance of the overall domestic capital market in 2021 despite the ongoing economic and fiscal impact of the COVID-19 pandemic…
Murabaha Trade Finance Deals Flourish at IsDB Annual Meetings in Egypt as ITFC Pens Several Agreements Totalling US$7bn
Amidst the rhetoric of aspiration and the jamboree of the unveiling of several announcements relating to issues dealing with post-COVID economic recovery and global shocks, climate action and sustainability, trade…
Senegal Returns to Sovereign Sukuk Market with a Three-Tranche Benchmark Equivalent XOF330 billion (US$525.4 million) Sukuk Ijarah Offering
The Government of Senegal, the first West African state to issue a sovereign Sukuk in 2014, returned to the domestic market with its latest offering, a XOF330 billion (US$525.4 million)…
IsDB Keeps International Sukuk Momentum Going with US$1.6bn First Public Sukuk Issuance in 2022 as Investors Chase Quality AAA-rated Papers
The Islamic Development Bank (IsDB), the multilateral development bank (MDB) of the 57-member OIC (Organisation of Islamic Cooperation) countries, successfully priced its first public Sukuk issuance of 2022 when it…