Islamic Capital Market (ICM) – Malaysia 2023/24
Malaysian ICM Consolidates its Resilience and Dominance of the Overall Capital Market in 2023 Accounting for 64% Market Share with a Total Size of RM2,426.77bn (US$507.91bn) and CAGR of 4.5%For…
Malaysian ICM Consolidates its Resilience and Dominance of the Overall Capital Market in 2023 Accounting for 64% Market Share with a Total Size of RM2,426.77bn (US$507.91bn) and CAGR of 4.5%For…
Abu Dhabi’s Mubadala Investment Company is the Latest Sovereign Wealth Fund to Access International Financial Markets with Inaugural US$1bn Sukuk Wakala in April 2024 These are both changing and exciting…
Malaysia’s Islamic Finance Market Share of the Overall Banking System Reaches 45.6% in 2023 Well on its Way to Achieving the Target of 50% Parity with the Conventional Sector by…
UAE Government Domestic Treasury Sukuk Auctions Raise AED5bn (US$1.4bn) in First Quarter 2024 Driven by Market Buoyancy and Robust Demand and Contributing to Building an AED Yield Curve The dirham-denominated…
Iconic Dubai Realty Developer Binghatti Holding Successfully Closes its Maiden US$300m Ijara/Murabaha Sukuk in February 2024Dubai – Binghatti Holding Limited, the Dubai-based real estate developer, is the latest UAE property…
Saudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues with Closure of Three-tranche SAR4.44bn (US$1.2bn) Sukuk in March 2024, as Aggregate for First Quarter 2024 Reaches SAR21.14bn (US$5.64bn) Through Three AuctionsThe…
Kingdom of Bahrain Raises US$2bn through a Dual Tranche Conventional Bond/Sukuk Issuance in February 2024The Kingdom of Bahrain, acting through the Ministry of Finance and National Economy, returned to the…
SNB Returns to International Sukuk Market After an Absence of Three Years with a Fixed Rate Benchmark RegS US$850m Sukuk Offering in February 2024The Saudi National Bank (SNB) (formerly National…
ICD Returns to International Sukuk Market with a US$500m Hybrid Wakala/Commodity Murabaha Issuance in February 2024 After an Absence of 4 YearsAfter an absence of almost four years, the Islamic…
Dubai Islamic Bank (DIB) Issues Third Consecutive Annual US$1bn Sustainability Sukuk in March 2024 Priced at the Lowest Ever Credit Spread Achieved by the BankIf accolades are to be awarded…