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…

Continue ReadingMalaysia’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

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…

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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…

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REPORT ANNOUNCEMENT – ISLAMIC FINANCE AND THE PRINCIPLES FOR RESPONSIBLE BANKING – 10th June 2021

Pioneering Islamic Finance and Principles for Responsible Banking Report Launched at Global Ethical Finance Summit UK – 10th June 2021, The Islamic Finance Council UK (UKIFC), in partnership with Malaysia…

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Saudi NDMC Issues Fourth Consecutive Monthly Domestic Sukuk with SAR11.7bn(US$3.1bn) Offering in April as Total for First Four Months 2021 Tops Record SAR30.6bn (US$8.2bn)

The National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) issued its fourth consecutive monthly issuance of Riyal-denominated sovereign Sukuk with a two-tranche SAR11,713 million (US$3,123 million)…

Continue ReadingSaudi NDMC Issues Fourth Consecutive Monthly Domestic Sukuk with SAR11.7bn(US$3.1bn) Offering in April as Total for First Four Months 2021 Tops Record SAR30.6bn (US$8.2bn)

Malaysian SWF Khazanah Nasional Returns to International US Dollar Market with a Dual-Tranche US$1bn Sukuk Issuance After Absence of Five Years

No sooner had the Government of Malaysia’s pioneering maiden US$1.3 billion Sustainability Sukuk marked the market in April 2021, the country’s sovereign wealth fund (SWF), Khazanah Nasional Berhad launched its…

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Malaysia’s Securities Commission Issues Tough New Corporate Governance Measures with Immediate Effect to Boost Board Policies, Composition, Effectiveness and to Address Sustainability Risks and Opportunities

With a motley of directives relating to ESG, SDG, Climate-related, Sustainability, Diversity and Corporate Governance emanating in recent times from the various gatekeepers of international finance and regulators, the Securities…

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DIB Maintains its Perpetual Sukuk Issuance with US$500m Offering in April at Lowest Ever Pricing for a GCC Bank Additional Tier 1 Instrument

Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE in terms of assets and a prolific issuer of Sukuk, successfully priced its latest benchmark US$500 million Perpetual Non-Call…

Continue ReadingDIB Maintains its Perpetual Sukuk Issuance with US$500m Offering in April at Lowest Ever Pricing for a GCC Bank Additional Tier 1 Instrument

Malaysia’s Return to International Market with US$1.3bn Sukuk in April 2021 Set to Boost ESG/Sustainability Issuances by Sovereigns

After an absence of over four years the Government of Malaysia (GOM) returned to the international Sukuk market on 22 April 2021 with yet another first - this time with…

Continue ReadingMalaysia’s Return to International Market with US$1.3bn Sukuk in April 2021 Set to Boost ESG/Sustainability Issuances by Sovereigns