Malaysian SWF Khazanah Subsidiary Issues Debut RM210m (US$50m) SRI Green Sukuk Wakalah to Finance Renewable Energy Projects that Contribute to Emission Reductions

Cenergi SEA Bhd, the sustainable and renewable energy subsidiary of Malaysian sovereign wealth fund, Khazanah Nasional Bhd, successfully issued its maiden ASEAN SRI Green Sukuk on 23 December 2021– a…

Continue ReadingMalaysian SWF Khazanah Subsidiary Issues Debut RM210m (US$50m) SRI Green Sukuk Wakalah to Finance Renewable Energy Projects that Contribute to Emission Reductions

Bank of England Boost to UK Islamic Finance Market as Pioneering Wakala-based Alternative Liquidity Facility Goes Live with the Acceptance of First Deposits from UK-based Islamic Banks

The Bank of England’s (BoE) much anticipated Alternative Liquidity Facility (ALF) went live on 2 December 2021 when it started taking deposits from participating UK-based Islamic banks and Islamic Banking…

Continue ReadingBank of England Boost to UK Islamic Finance Market as Pioneering Wakala-based Alternative Liquidity Facility Goes Live with the Acceptance of First Deposits from UK-based Islamic Banks

Saudi NDMC Taps International Market with US$2bn Sukuk and Closes Eleventh Consecutive Monthly Domestic Sukuk in November as Total for January-November 2021 Touches SAR75bn (US$20bn) Mark

The Saudi sovereign Sukuk market continued its buoyancy in October and November 2021 with several developments in both the domestic and international markets.The National Debt Management Centre (NDMC) of the…

Continue ReadingSaudi NDMC Taps International Market with US$2bn Sukuk and Closes Eleventh Consecutive Monthly Domestic Sukuk in November as Total for January-November 2021 Touches SAR75bn (US$20bn) Mark