Read more about the article New digital banks and Fintech licences keep the digitisation momentum going in the Islamic financial sector in Saudi Arabia, Malaysia, Indonesia and Pakistan

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…

Continue ReadingNew digital banks and Fintech licences keep the digitisation momentum going in the Islamic financial sector in Saudi Arabia, Malaysia, Indonesia and Pakistan
Read more about the article Saudi NDMC Kicks off 2022 Domestic Sovereign Sukuk Issuance Programme with SAR2.833bn (US$755.09m) Offering in January Auction

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…

Continue ReadingSaudi NDMC Kicks off 2022 Domestic Sovereign Sukuk Issuance Programme with SAR2.833bn (US$755.09m) Offering in January Auction
Read more about the article Riyad Bank Latest Institution to Issue US$750m Perpetual Additional Tier 1 (AT1) Sukuk Linked to Sustainability

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…

Continue ReadingRiyad Bank Latest Institution to Issue US$750m Perpetual Additional Tier 1 (AT1) Sukuk Linked to Sustainability
Read more about the article 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

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…

Continue ReadingAl 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
Read more about the article Pakistan Government Returns to International Market with First Sovereign Issuance in 2022 Raising US$1bn Through a Sukuk Al-Ijarah Offering

Pakistan Government Returns to International Market with First Sovereign Issuance in 2022 Raising US$1bn Through a Sukuk Al-Ijarah Offering

The Government of Pakistan returned to the international market after an absence of four years with the first sovereign Sukuk issuance of 2022 with a US$1 billion Unsubordinated Reg. S…

Continue ReadingPakistan Government Returns to International Market with First Sovereign Issuance in 2022 Raising US$1bn Through a Sukuk Al-Ijarah Offering
Read more about the article DIB Continues its First Issuer Advantage in UAE Sukuk Market with Inaugural Benchmark US$750m Offering Priced with its Lowest-ever Credit Spread with no New Issue Premium

DIB Continues its First Issuer Advantage in UAE Sukuk Market with Inaugural Benchmark US$750m Offering Priced with its Lowest-ever Credit Spread with no New Issue Premium

Dubai Islamic Bank (DIB), one of the most prolific and regular issuers of Sukuk by a financial institution and the largest Islamic bank in the UAE in terms of assets,…

Continue ReadingDIB Continues its First Issuer Advantage in UAE Sukuk Market with Inaugural Benchmark US$750m Offering Priced with its Lowest-ever Credit Spread with no New Issue Premium
Read more about the article Saudi NDMC Completes 2022 Domestic Sovereign Sukuk Programme with 12th Consecutive Monthly Issuance in December as Annual Total Reaches SAR75bn (US$20bn)

Saudi NDMC Completes 2022 Domestic Sovereign Sukuk Programme with 12th Consecutive Monthly Issuance in December as Annual Total Reaches SAR75bn (US$20bn)

The National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) Saudi Arabia completed its 2021 Government Debt Borrowing Programme raising SAR125 billion (US$33.28 billion) in the process.…

Continue ReadingSaudi NDMC Completes 2022 Domestic Sovereign Sukuk Programme with 12th Consecutive Monthly Issuance in December as Annual Total Reaches SAR75bn (US$20bn)
Read more about the article Kuwait’s Warba Bank Returns to the International Financial Market with Third Sukuk Issuance – a US$250m Tier I Capital Offering in November 2021

Kuwait’s Warba Bank Returns to the International Financial Market with Third Sukuk Issuance – a US$250m Tier I Capital Offering in November 2021

Kuwaiti Islamic bank, Warba Bank, successfully closed its latest Sukuk offering – a US$250 million Perpetual Tier-1 Capital Mudaraba Sukuk - in November 2021. The certificates were issued by Warba…

Continue ReadingKuwait’s Warba Bank Returns to the International Financial Market with Third Sukuk Issuance – a US$250m Tier I Capital Offering in November 2021
Read more about the article Nigerian DMO Completes Fourth Road Infrastructure Ring-fenced Domestic Sovereign Sukuk Ijarah Raising N250bn (US$610m) Amidst Huge Investor Oversubscription

Nigerian DMO Completes Fourth Road Infrastructure Ring-fenced Domestic Sovereign Sukuk Ijarah Raising N250bn (US$610m) Amidst Huge Investor Oversubscription

The Federal Government of Nigeria (FGN) continued to build up a yield curve for its naira-denominated FGN Sovereign Domestic Sukuk with its fourth offering to date on 23 December 2021…

Continue ReadingNigerian DMO Completes Fourth Road Infrastructure Ring-fenced Domestic Sovereign Sukuk Ijarah Raising N250bn (US$610m) Amidst Huge Investor Oversubscription