NDMC Continues its Sovereign Domestic Sukuk Issuance Momentum in August/September 2024 with Two Auctions Raising SAR8,621.0mn (USD2,297.33mn) as Total Volume of Issuances in Reaches SAR48.84bn (US$13.015bn)Buoyed by the award in…
UAE Luxury Apartment Developer SOBHA Realty Successfully Closes USD230mn Tap Sukuk in September 2024 which will be Consolidated with its July 2023 Maiden 5-year US$300m Hybrid Wakala/Murabaha Sukuk to a…
BSF Completes Second Sukuk Offering in 2024 with SAR3bn (USD800mn) Additional Tier 1 Issuance in September 2024 Through a Private PlacementBanque Saudi Fransi (BSF), one of the largest providers of…
UAE Government Domestic Treasury T-Sukuk Auction in August Raises AED1.1bn (USD300mn) as Total Volume of Issuances for January-August Tops AED8.3bn (USD2.3bn) Due to Strong Demand Abu Dhabi – The dirham-denominated…
QIB Returns to the International Financial Market in September 2024 with Benchmark Senior Unsecured RegS US$750mn Sustainable Sukuk Wakala/Murabaha Offering Qatar Islamic Bank (QIB), the largest and oldest Islamic Bank…
Obituary – Wan Abdul Rahim Kamil Wan MuhammedWritten by Mushtak ParkerA Fond Farewell to IF Pioneer Wan Abdul Rahim Kamil 1949-2024Kuala Lumpur - The global Islamic finance community mourns the…
NDMC Continues its Sovereign Domestic Sukuk Issuance Momentum in July 2024 with SAR3.21bn (US$855.39mn) Offering as Aggregate Volume of Issuances Reach SAR40.2bn (US$10.7bn) in 2024 to DateThe National Debt Management…
Saudi Fintech Entity Emkan Finance Issues Second Sukuk in 2024 in August Through a Private Placement Followingits Benchmark SAR2.3bn (US$604.6mn) Senior Sukuk Mudaraba in FebruaryEmkan Finance, a leading Saudi fintech…
DIB/Mashreq-led Consortium Arranges Landmark US$3.25bn Hybrid Islamic/Conventional Sustainability-linked Financing Facility for GEMS Education to Part Fund a Leveraged Buyout A consortium of UAE-based banks, led by Dubai Islamic Bank (DIB)…
Islamic Banks Gear Up to Promising EV and Hybrid Car Market with Innovative Green Vehicle Finance and Charging Hubs in Support of Sustainability and Transition to Clean Energy Net Zero…