One of the signs that the Malaysian economy is in recovery mode is the surfeit of Sukuk issuances by top Malaysian corporates in November 2021.Malaysian electricity utility giant Tenaga Nasional…
Pakistan has emerged as a growing market for Islamic financing facilities accessed by the federal and state governments, state agencies, local corporates and financial institutions. During 2021 there have been…
Malaysia’s Agrobank (Bank Pertanian Malaysia Berhad) successfully closed its debut Sukuk on 18 October 2021 – a RM500 million (US$118.98 million) Sukuk Wakalah Bi Al-Istithmar. Agrobank is a Development Financial…
Emirates Islamic Bank (EIB), one of the leading Islamic financial institutions in the UAE, successfully closed the issuance of its latest Sukuk offering - a benchmark US$500 million 5-year Sukuk…
NEWS in BRIEFIsDB Board Approves US$130m Total New Financing for Sustainable Development Projects in Four Member Countries in September 2021Jeddah - The Board of Executive Directors of the Islamic Development…
Saudi NDMC Issues Ninth and Tenth Consecutive Monthly Domestic Sukuk in September and October as Total for January-October 2021 Touches SAR75bn (US$20bn) Mark The National Debt Management Centre (NDMC) of…
Islamic Digital Finance Revolution in the OIC Countries Continues in a Fragmented Way with Advances in CBDCs, Digital Payments Including ‘Buy Now Pay Later’ Platforms, and ESG Offerings The digital…
Malaysia’s New Capital Market Master Plan Targets Major Progress in Inclusivity, Sustainability and Stakeholder Participation Led by its Pioneering Islamic Capital Market The Securities Commission Malaysia (SC) launched the country’s…
IsDB Keeps Sukuk Momentum Going with Third Issuance in 2021 Bringing its Total for Jan-Oct 2021 to US$4.6bn The Islamic Development Bank (IsDB), the multilateral development bank (MDB) of the…
IF Industry Gears up for LIBOR Cessation with Alternative Reference Rates with BNM, IsDB and IIFM Leading the Transition Central banks and regulatory authorities the world over are preparing for…