Read more about the article Saudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues in August and September Bringing the Aggregate Issuances in the First Nine Months of 2022 to SAR64,484.82m (US$17,162.78m)

Saudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues in August and September Bringing the Aggregate Issuances in the First Nine Months of 2022 to SAR64,484.82m (US$17,162.78m)

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 two…

Continue ReadingSaudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues in August and September Bringing the Aggregate Issuances in the First Nine Months of 2022 to SAR64,484.82m (US$17,162.78m)
Read more about the article Global Sukuk Market Maintains its Issuance Resilience Despite Difficult Economic and Market Conditions Led by Malaysia, Saudi Arabia and Indonesia

Global Sukuk Market Maintains its Issuance Resilience Despite Difficult Economic and Market Conditions Led by Malaysia, Saudi Arabia and Indonesia

Despite the difficult prevailing global economic and geopolitical conditions and the rise in commodity prices especially oil, gas and palm oil, the global Sukuk market has shown its resilience by…

Continue ReadingGlobal Sukuk Market Maintains its Issuance Resilience Despite Difficult Economic and Market Conditions Led by Malaysia, Saudi Arabia and Indonesia
Read more about the article SNB Successfully Closes Latest Sukuk Offering – a SAR3.3bn Perpetual Additional Tier 1 Sukuk

SNB Successfully Closes Latest Sukuk Offering – a SAR3.3bn Perpetual Additional Tier 1 Sukuk

The Saudi National Bank (SNB) (formerly National Commercial Bank (NCB) the largest bank in the Kingdom in terms of assets, returned to the international market with a Saudi-Riyal denominated Additional…

Continue ReadingSNB Successfully Closes Latest Sukuk Offering – a SAR3.3bn Perpetual Additional Tier 1 Sukuk
Read more about the article Saudi Central Bank Pushes Ahead with FinTech Facilitation in Saudi Banking and Payments Sector with Issuance of Four New Licences and Six New Sandbox Permits as Electronic Payments Exceed Cash for the First Time

Saudi Central Bank Pushes Ahead with FinTech Facilitation in Saudi Banking and Payments Sector with Issuance of Four New Licences and Six New Sandbox Permits as Electronic Payments Exceed Cash for the First Time

Further signs of the proliferation of FinTech in the Saudi financial and payments sector are the licensing of several more such companies in August and September 2022 by the Saudi…

Continue ReadingSaudi Central Bank Pushes Ahead with FinTech Facilitation in Saudi Banking and Payments Sector with Issuance of Four New Licences and Six New Sandbox Permits as Electronic Payments Exceed Cash for the First Time
Read more about the article Saudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues in June and July 2022 with Two Auctions Raising an Aggregate SAR8,372m (US$2,228.32m) and Bringing Total Issuances in January-July 2022 to SAR85,893.82m (US$22,861.78m)

Saudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues in June and July 2022 with Two Auctions Raising an Aggregate SAR8,372m (US$2,228.32m) and Bringing Total Issuances in January-July 2022 to SAR85,893.82m (US$22,861.78m)

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 two…

Continue ReadingSaudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues in June and July 2022 with Two Auctions Raising an Aggregate SAR8,372m (US$2,228.32m) and Bringing Total Issuances in January-July 2022 to SAR85,893.82m (US$22,861.78m)
Read more about the article Resilient Malaysian Islamic Banking Sector Continues its Growth Trajectory in 2021 and Beyond with Banking Sector Market Share Reaching 32% and Islamic Financing 43%

Resilient Malaysian Islamic Banking Sector Continues its Growth Trajectory in 2021 and Beyond with Banking Sector Market Share Reaching 32% and Islamic Financing 43%

By all the financial metrics, the Malaysian Islamic banking sector continued to show remarkable resilience in 2021 despite the difficult local and global market and geopolitical conditions.Never mind the fact…

Continue ReadingResilient Malaysian Islamic Banking Sector Continues its Growth Trajectory in 2021 and Beyond with Banking Sector Market Share Reaching 32% and Islamic Financing 43%
Read more about the article IsDB Boards Approve US$10.54bn New Food Security Response Programme Package to Support Ongoing Food Crisis and Future Food Security in Member States

IsDB Boards Approve US$10.54bn New Food Security Response Programme Package to Support Ongoing Food Crisis and Future Food Security in Member States

The Board of Executive Directors of the Islamic Development Bank (IsDB), the Islamic Solidarity Fund for Development (ISFD), and the Islamic Corporation for the Insurance of Investment and Export Credit…

Continue ReadingIsDB Boards Approve US$10.54bn New Food Security Response Programme Package to Support Ongoing Food Crisis and Future Food Security in Member States