Saudi Arabia’s Riyad Bank successfully issued its latest offering – a Tier II US$1.5 billion Sukuk on 18 February 2020. The Sukuk was issued under Riyad Bank’s US$3 billion Trust…
The Islamic Development Bank (IsDB), the multilateral development bank (MDB) of the OIC countries, successfully priced its largest Sukuk issuance ever, raising US$2 billion in 5-year Trust Certificates in March…
ICIEC-led Promoters Launch Co-Guarantee Platform for Africa (CGPA) to Increase the Volume of Insurance and Guarantee Solutions for Project Sponsors and their Bankers Jeddah – Shariah-compliant export credit and investment…
Bahrain-based GFH Financial Group, formerly Gulf Finance House, successfully priced a US$300 million Sukuk Wakala/Tawarruq on 22 January 2020. The Sukuk, which has a tenor of 5 years and matures…
The Debt Management Office (DMO) of the Saudi Ministry of Finance (MoF) started the year 2020 in a buoyant mood with a SR6.72 billion (US$1.79 billion) domestic Sukuk offering on…
Kuwait’s Boubyan Bank is the latest GCC financial institution to issue a Sukuk at the start of 2020. In a disclosure to Boursa Kuwait, Adel Abdul Wahab Al Majed, the…
Another sign that GCC Islamic banks are becoming more adventurous and mature in their fund-raising diversification strategies is the latest foray by Qatar Islamic Bank (QIB), the oldest and largest…
Cagamas Berhad, the National: The UK inched closer towards issuing its second sovereign Sukuk in January 2020 when the UK Debt Management Office (DMO) of HM Treasury issued an invitation…
Saudi Arabia’s InoChem Signs SR825m Islamic Credit Facility with Alinma and Al Bilad Banks to Finance BOO Soda Ash Complex Jeddah - Saudi Arabia’s InoChem, in which Sahara Petrochemicals Company…
December 2019 saw a flourish of syndicated Murabaha financing and Islamic credit facilities, which has always complemented Sukuk issuance, especially in the Middle East and Malaysian markets but also for…