News in Brief
Turkish Treasury conducts three domestic Sovereign Sukuk Al Ijarah auctions in January and February 2022 of CPI indexed lease certificates, fixed rate lease certificates and gold-backed lease certificates Ankara –…
Saudi NDMC domestic Sovereign Sukuk issuance momentum continues in February and March 2022 with an aggregate SAR23.6bn (US$6.3bn) of regular offerings and SAR26.2bn (US$6.98bn) through a standalone Sukuk to unify sovereign domestic issuances
The National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) Saudi Arabia issued its second and third consecutive monthly Sukuk issuance under its Saudi Riyal-denominated Sukuk Issuance…
Nigeria scales up its Sukuk issuance policy and capacities with a debut infrastructure linked issuance by the Federal Capital Territory and an international issuance edging closer
The Federal Government of Nigeria (FGN) is enhancing its Sukuk issuance policy and seems to be edging towards issuing its first offering in the international market in addition to more…
Strong investor demand for Turkish Government US$3bn Sukuk Ijarah certificates in February 2022 despite Lira volatility and high national Dollar debt
The Turkish Ministry of Treasury & Finance continues to raise funds from the international markets through Sukuk issuances as part of its active but diversified public funding and debt strategy.…
UN’s IFAD engages with IsDB Group to boost Arab African trade and investment flows in the agricultural sector and plans a greater role for Islamic development finance including a debut Sukuk
Ways to boost Arab African trade and investment and the role for Islamic finance has featured strongly in recent months. In Cairo in early March 2022 the Third Board of…
New digital banks and Fintech licences keep the digitisation momentum going in the Islamic financial sector in Saudi Arabia, Malaysia, Indonesia and Pakistan
Digital banks and FinTech applications and companies continue to flourish in the Islamic finance space in the first quarter of 2022. In Saudi Arabia, the Public Investment Fund (PIF), the…
News in Brief
IsDB Approves US$337.63m for a Number of Development Projects in the Transport, Agriculture, and Human Capital Development Sectors in Three West African Member Countries Jeddah - The Board of Executive…
Saudi NDMC Kicks off 2022 Domestic Sovereign Sukuk Issuance Programme with SAR2.833bn (US$755.09m) Offering in January Auction
The National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) Saudi Arabia kicked off its 2022 Saudi Riyal-denominated Sukuk Issuance Programme with a two-tranche offering totalling SAR2.833…
Riyad Bank Latest Institution to Issue US$750m Perpetual Additional Tier 1 (AT1) Sukuk Linked to Sustainability
Sukuk issuances linked to Sustainability, ESG, SRI and Green Finance continue to gain momentum in the global Islamic capital market, albeit the pace of issuances could be even more urgent…
Al Rajhi Bank Upsizes Sukuk Issuance to SAR6.5bn (US$1.74bn) Following Huge Market Demand as Sukuk Issuance in Saudi Arabia Makes a Buoyant Start to 2022
The Sukuk market in 2022 has started with a big bang continuing where it had left off in a record 2021 with US$252.3 billion of primary issuances, according to Fitch…