Read more about the article Saudi NDMC Issues Second Consecutive Monthly Domestic Sukuk with SAR3,160m (US$842.47m) Offering in February as Total for First Two Months 2021 Tops SAR11,216m (US$2,990.23m)

Saudi NDMC Issues Second Consecutive Monthly Domestic Sukuk with SAR3,160m (US$842.47m) Offering in February as Total for First Two Months 2021 Tops SAR11,216m (US$2,990.23m)

The National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) continued its consecutive monthly issuances of Riyal-denominated sovereign Sukuk with a two-tranche SAR3,160 million (US$842.47 million) offering…

Continue ReadingSaudi NDMC Issues Second Consecutive Monthly Domestic Sukuk with SAR3,160m (US$842.47m) Offering in February as Total for First Two Months 2021 Tops SAR11,216m (US$2,990.23m)
Read more about the article ‘Big Three’ Rating Agencies See Noticeable Increase in Islamic Finance Assets and Uptake in Africa in 2021 as South Africa Confirms Intention to Issue Debut Rand Sukuk

‘Big Three’ Rating Agencies See Noticeable Increase in Islamic Finance Assets and Uptake in Africa in 2021 as South Africa Confirms Intention to Issue Debut Rand Sukuk

“Following a successful issuance in global capital markets in 2014, the National Treasury will issue a domestic rand-denominated Islamic Sukuk in 2021/22 to diversify funding sources and reach new investors,”…

Continue Reading‘Big Three’ Rating Agencies See Noticeable Increase in Islamic Finance Assets and Uptake in Africa in 2021 as South Africa Confirms Intention to Issue Debut Rand Sukuk
Read more about the article Islamic Financial Institutions Launch Innovative Additional Measures in Mitigating COVID-19 Disruption Including Customer Debt Write-offs and Healthcare-related Investment Notes

Islamic Financial Institutions Launch Innovative Additional Measures in Mitigating COVID-19 Disruption Including Customer Debt Write-offs and Healthcare-related Investment Notes

Sometimes adversity brings out the best in society. The health, economic and social impact of COVID-19 has been painful for all countries. Governments have responded with rescue packages and with…

Continue ReadingIslamic Financial Institutions Launch Innovative Additional Measures in Mitigating COVID-19 Disruption Including Customer Debt Write-offs and Healthcare-related Investment Notes
Read more about the article Turkish Treasury Raises US$1.2bn Through Local Sukuk Issuances in February 20321 as Participation Banking Assets Reach 7.1% Market Share

Turkish Treasury Raises US$1.2bn Through Local Sukuk Issuances in February 20321 as Participation Banking Assets Reach 7.1% Market Share

It seems that participation (Islamic) banking in Turkey is getting a second wind in terms of government policy and support which augurs well for the industry in the Middle East,…

Continue ReadingTurkish Treasury Raises US$1.2bn Through Local Sukuk Issuances in February 20321 as Participation Banking Assets Reach 7.1% Market Share
Read more about the article NEWS in BRIEF

NEWS in BRIEF

Malaysia’s Mortgage Securitiser Cagamas Starts 2021 with Four-Tranche RM710m (US$176.2m) Hybrid Sukuk/Bond Offerings to Fund Purchases of Housing and Commercial MortgagesKuala Lumpur – Cagamas Berhad, the National Mortgage Corporation of…

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Read more about the article Saudi NDMC Starts 2021 with SAR2,955m (US$788.85m) Domestic Sukuk in January Following on From a Record SAR85bn (US$22.64bn) Domestic Sukuk Issuance Programme in 2020

Saudi NDMC Starts 2021 with SAR2,955m (US$788.85m) Domestic Sukuk in January Following on From a Record SAR85bn (US$22.64bn) Domestic Sukuk Issuance Programme in 2020

The sustainability of and commitment to using domestic Sukuk as a public debt finance instrument was reinforced in January 2021 when the National Debt Management Centre (NDMC) of the Saudi…

Continue ReadingSaudi NDMC Starts 2021 with SAR2,955m (US$788.85m) Domestic Sukuk in January Following on From a Record SAR85bn (US$22.64bn) Domestic Sukuk Issuance Programme in 2020
Read more about the article Bangladesh Joins Sovereign Issuers with Maiden BDT8,000 Crore (US$944m) Infrastructure-linked Sukuk Ijara Issuance

Bangladesh Joins Sovereign Issuers with Maiden BDT8,000 Crore (US$944m) Infrastructure-linked Sukuk Ijara Issuance

Bangladesh became the latest country to issue a debut sovereign Sukuk when the Debt Management Department (DMD) of Bangladesh Bank, the central bank, issued a BDT8,000 crore Sukuk Ijara through…

Continue ReadingBangladesh Joins Sovereign Issuers with Maiden BDT8,000 Crore (US$944m) Infrastructure-linked Sukuk Ijara Issuance
Read more about the article Central Bank of Bahrain Licences First Sharia’a-compliant Cryptocurrency Exchange – Coin-MENA – as its First Digital Assets Footprint in the GCC

Central Bank of Bahrain Licences First Sharia’a-compliant Cryptocurrency Exchange – Coin-MENA – as its First Digital Assets Footprint in the GCC

Another sign that digital asset and exchanges are slowly getting traction in the Islamic finance space is the recent issuance of a licence by the Central Bank of Bahrain (CBB)…

Continue ReadingCentral Bank of Bahrain Licences First Sharia’a-compliant Cryptocurrency Exchange – Coin-MENA – as its First Digital Assets Footprint in the GCC
Read more about the article SC Expands Malaysia’s SRI Sukuk and Bond Grant Scheme to Encourage Capital Market Fund Raising for Sustainable Development

SC Expands Malaysia’s SRI Sukuk and Bond Grant Scheme to Encourage Capital Market Fund Raising for Sustainable Development

Another sign of the Malaysian government pushing the sustainability, ESG and socially responsible investments (SRI) agenda is the decision in January 2021 of the Securities Commission Malaysia (SC) to expand…

Continue ReadingSC Expands Malaysia’s SRI Sukuk and Bond Grant Scheme to Encourage Capital Market Fund Raising for Sustainable Development