Saudi NDMC Domestic Sovereign Sukuk Momentum Continues with Closure of SAR2.5bn (US$668.5m) Sukuk in June 2023, as Aggregate Issuance Tops SAR19.8bn (US$5.3bn) in the January-June period

The National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) successfully closed its sixth consecutive monthly domestic sovereign Sukuk issuance on 13th June 2023 raising an aggregate…

Continue ReadingSaudi NDMC Domestic Sovereign Sukuk Momentum Continues with Closure of SAR2.5bn (US$668.5m) Sukuk in June 2023, as Aggregate Issuance Tops SAR19.8bn (US$5.3bn) in the January-June period

Kuwait’s KIPCO Successfully Closes Maiden KD103.1m (US$336m) Hybrid Murabaha/Wakala Sukuk Issuance as More Corporate Issuers are Expected to Enter the Market

The Kuwait Projects Holding Company (KIPCO), one of Kuwait’s largest multi-sectoral investment companies, successfully completed its maiden Sukuk issuance of KD103.1 million (US$335.8 million) in June 2023. Kuwait is a…

Continue ReadingKuwait’s KIPCO Successfully Closes Maiden KD103.1m (US$336m) Hybrid Murabaha/Wakala Sukuk Issuance as More Corporate Issuers are Expected to Enter the Market

ADIB Returns to the International Market with its Latest Benchmark Basel III Compliant US$750m Additional Tier-one (AT1) Perpetual Mudarabah Sukuk

Abu Dhabi Islamic Bank (ADIB), one of the largest Islamic financial institutions in the UAE and the Gulf Cooperation Council (GCC) region, successfully returned to the international market in July…

Continue ReadingADIB Returns to the International Market with its Latest Benchmark Basel III Compliant US$750m Additional Tier-one (AT1) Perpetual Mudarabah Sukuk

Saudi PIF’s Regional Voluntary Carbon Market Company Completes “Biggest Ever Auction” of 2.2m Carbon Credits in June 2023 with Growing Islamic Investment Participation

The involvement of the Islamic financial industry in the carbon credit and pricing market continues with Saudi Arabia’s Regional Voluntary Carbon Market Company (RVCMC) emerging as the most proactive by…

Continue ReadingSaudi PIF’s Regional Voluntary Carbon Market Company Completes “Biggest Ever Auction” of 2.2m Carbon Credits in June 2023 with Growing Islamic Investment Participation