Bangladesh became the latest country to issue a debut sovereign Sukuk when the Debt Management Department (DMD) of Bangladesh Bank, the central bank, issued a BDT8,000 crore Sukuk Ijara through…
Another sign that digital asset and exchanges are slowly getting traction in the Islamic finance space is the recent issuance of a licence by the Central Bank of Bahrain (CBB)…
Another sign of the Malaysian government pushing the sustainability, ESG and socially responsible investments (SRI) agenda is the decision in January 2021 of the Securities Commission Malaysia (SC) to expand…
Saudi Arabia’s National Commercial Bank (NCB) returned to the international market with a further Tier 1 US$1.25 billion Mudaraba Sukuk offering on 26 January 2021. The Sukuk certificates were issued…
Malaysia’s Mortgage Securitiser Cagamas Closes Final Sukuk Issuance for 2020 Bringing Total Combined Issuances for the Year to RM11.7bnKuala Lumpur – Cagamas Berhad, the National Mortgage Corporation of Malaysia, one…
The National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) completed its domestic sovereign Sukuk issuance programme for 2020 in December.In an unusual statement, the MoF confirmed…
The International Islamic Trade Finance Corporation (ITFC), the trade fund of the Islamic Development Bank (IsDB) Group, continues to consolidate its financing activities in Africa and with the private sector…
First Abu Dhabi Bank (FAB), one of the GCC's largest financial institutions, returned to the Sukuk market with a benchmark US$500 million Sukuk with a tenor of 5 years. The…
The Saudi Central Bank (SAMA) introduced two official documents in December 2020 aimed at regulating Crowdfunding platforms and activity in the Kingdom. The documents include Rules for Engaging in Debt-Based…
Malaysia inched forward to licensing the first digital banks (DGs) in the Islamic Development Bank (IsDB) member countries, when Bank Negara Malaysia (BNM) issued a Policy Document on Licensing Framework…