Read more about the article Saudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues with Closure of Two-tranche SAR3,374.m (US$899.4m) Sukuk in March 2023, as Aggregate for First Three Months Reach SAR10,497.2m (US$2,798.2m)

Saudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues with Closure of Two-tranche SAR3,374.m (US$899.4m) Sukuk in March 2023, as Aggregate for First Three Months Reach SAR10,497.2m (US$2,798.2m)

The National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) successfully closed its third consecutive monthly domestic sovereign Sukuk issuance on 23 March 2023 raising an aggregate…

Continue ReadingSaudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues with Closure of Two-tranche SAR3,374.m (US$899.4m) Sukuk in March 2023, as Aggregate for First Three Months Reach SAR10,497.2m (US$2,798.2m)
Read more about the article Alrajhi Bank Maiden US$1bn Sustainable Sukuk in International Markets Attracts Robust Demand From Local and Global Investors

Alrajhi Bank Maiden US$1bn Sustainable Sukuk in International Markets Attracts Robust Demand From Local and Global Investors

Corporate Sukuk issuances in Saudi Arabia received a major boost when Alrajhi Bank, the world’s largest Islamic bank in terms of both assets and market capitalization, successfully priced its inaugural…

Continue ReadingAlrajhi Bank Maiden US$1bn Sustainable Sukuk in International Markets Attracts Robust Demand From Local and Global Investors
Read more about the article Malaysia Islamic Banking System Edges Towards System Parity as Financing and Deposits Market Share Reach 40% and Total AUM Tops RM1.3 Trillion (US$298bn)

Malaysia Islamic Banking System Edges Towards System Parity as Financing and Deposits Market Share Reach 40% and Total AUM Tops RM1.3 Trillion (US$298bn)

Since it was introduced 40 years ago, Malaysia’s Islamic banking proposition by all the market metrics, continues its march towards reaching parity with its counterpart conventional banking system in terms…

Continue ReadingMalaysia Islamic Banking System Edges Towards System Parity as Financing and Deposits Market Share Reach 40% and Total AUM Tops RM1.3 Trillion (US$298bn)
Read more about the article SEC Returns to International Market with US$2bn Dual Tranche Sukuk Issuance Including a US$1.2bn Green Sukuk

SEC Returns to International Market with US$2bn Dual Tranche Sukuk Issuance Including a US$1.2bn Green Sukuk

Saudi Electricity Company (SEC), the Kingdom’s power generation utility, returned to the international financial market with a dual tranche transaction raising US$2 billion in the process. The transaction was successfully…

Continue ReadingSEC Returns to International Market with US$2bn Dual Tranche Sukuk Issuance Including a US$1.2bn Green Sukuk
Read more about the article IsDB Raises US$2bn Through its Fourth Global SOFR-Linked Sukuk Under its Strategic Realignment Strategy 2023-2025 Focussing on Green, Resilient, and Sustainable Infrastructure and Human Development

IsDB Raises US$2bn Through its Fourth Global SOFR-Linked Sukuk Under its Strategic Realignment Strategy 2023-2025 Focussing on Green, Resilient, and Sustainable Infrastructure and Human Development

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 2023 when it…

Continue ReadingIsDB Raises US$2bn Through its Fourth Global SOFR-Linked Sukuk Under its Strategic Realignment Strategy 2023-2025 Focussing on Green, Resilient, and Sustainable Infrastructure and Human Development