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…

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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)…

Continue ReadingSenegal Returns to Sovereign Sukuk Market with a Three-Tranche Benchmark Equivalent XOF330 billion (US$525.4 million) Sukuk Ijarah Offering

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…

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DDCAP’s Sharia’a Compliant Automated Trade and Post Trade Services Platform, ETHOSTerminal™, Gains Market Traction as Fintech and Digitalisation Solutions Bring Transactional Flexibility and Additional Integration Functionality to IF Clients

Global trade has been more resilient during the COVID-19 pandemic than during the 2008-09 global financial crisis. According to the World Trade Organisation (WTO) in its latest World Trade Report…

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Saudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues in April 2022 with a Two-Tranche SAR9.98bn (US$2.7bn) Issuance Bringing Aggregate Issuances in Q1 2022 to SAR36.36bn (US$9.69bn)

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 a…

Continue ReadingSaudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues in April 2022 with a Two-Tranche SAR9.98bn (US$2.7bn) Issuance Bringing Aggregate Issuances in Q1 2022 to SAR36.36bn (US$9.69bn)

Kuwait’s Boubyan Bank Returns to International Market with a Benchmark US$500m Senior Unsecured Wakala/Murabaha Sukuk Issuance in March 2022  

Kuwaiti Islamic bank, Boubyan Bank, returned to the international market with a benchmark US$500 million Senior Unsecured Wakala/Murabaha Sukuk issuance in March 2022.In a disclosure to Boursa Kuwait (the Kuwait…

Continue ReadingKuwait’s Boubyan Bank Returns to International Market with a Benchmark US$500m Senior Unsecured Wakala/Murabaha Sukuk Issuance in March 2022