Read more about the article <strong>Saudi Arabia’s ACWA Power Launches Second Domestic SAR1.8bn (US$480m) Sukuk Offering in January 2023 to Finance its Rapidly Expanding Energy Transition Business</strong>

Saudi Arabia’s ACWA Power Launches Second Domestic SAR1.8bn (US$480m) Sukuk Offering in January 2023 to Finance its Rapidly Expanding Energy Transition Business

ACWA Power, in which the Saudi sovereign wealth fund, Public Investment Fund (PIF), has a 50% equity stake, returned to the Sukuk market on 10 January 2023 with the launch…

Continue ReadingSaudi Arabia’s ACWA Power Launches Second Domestic SAR1.8bn (US$480m) Sukuk Offering in January 2023 to Finance its Rapidly Expanding Energy Transition Business
Read more about the article <strong>First Abu Dhabi Bank (FAB) Kicks off International Sukuk Issuance with a Benchmark US$500m RegS Offering in January 2023 followed by a US$600m Bond, Raising an Aggregate US$1.1bn</strong>

First Abu Dhabi Bank (FAB) Kicks off International Sukuk Issuance with a Benchmark US$500m RegS Offering in January 2023 followed by a US$600m Bond, Raising an Aggregate US$1.1bn

Each January, there is a scramble as to which institution will be the first to issue a Sukuk in the international market in that respective year. Usually, it is a…

Continue ReadingFirst Abu Dhabi Bank (FAB) Kicks off International Sukuk Issuance with a Benchmark US$500m RegS Offering in January 2023 followed by a US$600m Bond, Raising an Aggregate US$1.1bn
Read more about the article <strong>Nigerian DMO Completes Fifth Road Infrastructure Ring-fenced Domestic Sovereign Sukuk Ijarah Raising ₦130bn (US$280m) Amidst Robust Investor Over-subscription</strong>

Nigerian DMO Completes Fifth Road Infrastructure Ring-fenced Domestic Sovereign Sukuk Ijarah Raising ₦130bn (US$280m) Amidst Robust Investor Over-subscription

The Federal Government of Nigeria (FGN) continued to build up a yield curve for its naira-denominated FGN Sovereign Domestic Sukuk with its fifth offering to date on 2 December 2022…

Continue ReadingNigerian DMO Completes Fifth Road Infrastructure Ring-fenced Domestic Sovereign Sukuk Ijarah Raising ₦130bn (US$280m) Amidst Robust Investor Over-subscription
Read more about the article <strong>Launch of Malaysian Islamic Digital Banks, Rize and AEON Digital, Will Capitalise on Prime Mover Advantage in a Potential US$10bn Market</strong>

Launch of Malaysian Islamic Digital Banks, Rize and AEON Digital, Will Capitalise on Prime Mover Advantage in a Potential US$10bn Market

Will 2023 be the year when the establishment of Islamic digital banks proliferates? The launch in Malaysia of two high profile Islamic digital banks over the last few weeks backed…

Continue ReadingLaunch of Malaysian Islamic Digital Banks, Rize and AEON Digital, Will Capitalise on Prime Mover Advantage in a Potential US$10bn Market
Read more about the article NEWS in BRIEF

NEWS in BRIEF

Strong Demand for Malaysian Government RM4.5bn (US$990m) MGII Lestari Sustainability Sukuk “Reflects Investors’ Confidence in the Country’s Resilient Economic Performance and IF leadership” Kuala Lumpur – Despite rising uncertainties over…

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Read more about the article Saudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues in October Bringing the Aggregate Issuances in the First Ten Months of 2022 to SAR65,184.82m (US$17,344.38m)

Saudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues in October Bringing the Aggregate Issuances in the First Ten Months of 2022 to SAR65,184.82m (US$17,344.38m)

The National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) continued its 2022 Saudi Riyal-denominated Sukuk Issuance Programme on schedule with a three-tranche auction completed on 22…

Continue ReadingSaudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues in October Bringing the Aggregate Issuances in the First Ten Months of 2022 to SAR65,184.82m (US$17,344.38m)
Read more about the article Alrajhi Bank Raises SAR10bn (US$2.66bn) Through its Second Perpetual Tier 1 Tawarruq/Mudaraba Riyal-denominated Sukuk to Date in 2022

Alrajhi Bank Raises SAR10bn (US$2.66bn) Through its Second Perpetual Tier 1 Tawarruq/Mudaraba Riyal-denominated Sukuk to Date in 2022

Saudi Arabia’s Alrajhi Bank, the largest Islamic bank in the world in terms of assets, successfully completed its second Saudi riyal denominated Sukuk offering in 2022 when it raised SAR10…

Continue ReadingAlrajhi Bank Raises SAR10bn (US$2.66bn) Through its Second Perpetual Tier 1 Tawarruq/Mudaraba Riyal-denominated Sukuk to Date in 2022
Read more about the article IsDB Keeps International Sukuk Momentum Going with Second Public Sukuk Issuance in 2022 Raising US$1bn as Investors Chase Quality AAA-rated Papers

IsDB Keeps International Sukuk Momentum Going with Second Public Sukuk Issuance in 2022 Raising US$1bn 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 second public Sukuk issuance of 2022 when it…

Continue ReadingIsDB Keeps International Sukuk Momentum Going with Second Public Sukuk Issuance in 2022 Raising US$1bn as Investors Chase Quality AAA-rated Papers
Read more about the article Saudi Ministry of Finance Returns to International Sukuk Market With its First Issuance in 2022 Through a US$2.5bn 6-Year Transaction

Saudi Ministry of Finance Returns to International Sukuk Market With its First Issuance in 2022 Through a US$2.5bn 6-Year Transaction

Saudi Arabia returned to the international Sukuk market in October 2022 with its first US dollar-denominated issuance of the year. The National Debt Management Centre (NDMC) of the Saudi Ministry…

Continue ReadingSaudi Ministry of Finance Returns to International Sukuk Market With its First Issuance in 2022 Through a US$2.5bn 6-Year Transaction
Read more about the article Nascent Islamic Voluntary Carbon Market Takes Off in the Wake of COP27 with Two Innovative Transactions Aimed at Funding High-quality Voluntary Carbon Offsets

Nascent Islamic Voluntary Carbon Market Takes Off in the Wake of COP27 with Two Innovative Transactions Aimed at Funding High-quality Voluntary Carbon Offsets

Whether it is because COP27 recently convened in Egypt and COP28 is scheduled to be hosted by Abu Dhabi/UAE in 2023, both Member States of the Islamic Development Bank (IsDB),…

Continue ReadingNascent Islamic Voluntary Carbon Market Takes Off in the Wake of COP27 with Two Innovative Transactions Aimed at Funding High-quality Voluntary Carbon Offsets