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…

Continue ReadingIsDB Keeps International Sukuk Momentum Going with US$1.6bn First Public Sukuk Issuance in 2022 as Investors Chase Quality AAA-rated Papers

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  

First Abu Dhabi Bank Closes its Latest US$500m Sukuk at the Tightest Spread Ever Achieved by the Bank or any Other MENA Bank on a Public Fixed Rate Bond or Sukuk

First Abu Dhabi Bank (FAB), the UAE’s largest bank in terms of assets, issued its first public debt transaction in 2022 with a benchmark US$500 million fixed rate Sukuk issuance…

Continue ReadingFirst Abu Dhabi Bank Closes its Latest US$500m Sukuk at the Tightest Spread Ever Achieved by the Bank or any Other MENA Bank on a Public Fixed Rate Bond or Sukuk

Gulf Finance House Real Estate Entity Infracorp Issues Debut US$900m Green Mudaraba Sukuk to Accelerate Sustainable Infrastructure Development Growth Across MENA and South Asia

Sustainability and Green Sukuk continue to feature in the issuance landscape, albeit at a steady but slow pace, with the debut benchmark US$900 million Green Sukuk Mudaraba by Manama-based Infracorp,…

Continue ReadingGulf Finance House Real Estate Entity Infracorp Issues Debut US$900m Green Mudaraba Sukuk to Accelerate Sustainable Infrastructure Development Growth Across MENA and South Asia