Sovereign Domestic Sukuk Proliferate as an Important Part of Covid-19 Mitigation Financing Packages with Turkey, Indonesia and Pakistan Leading the Way

It is not only Saudi Arabia that is turning to domestic sovereign Sukuk issuances as part of a diversified public debt raising strategy in an effort to mitigate the twin…

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IsDB Disburses US$1.255bn in Emergency Financing in April to Help Combat Health and Socio-economic Impact of COVID-19 in Member Countries

Following the approval in March 2020 by the Board of Executive Directors of the Islamic Development Bank (IsDB), the multilateral development bank (MDB) of the 57 OIC countries, of an…

Continue ReadingIsDB Disburses US$1.255bn in Emergency Financing in April to Help Combat Health and Socio-economic Impact of COVID-19 in Member Countries

IsDB Launches Comprehensive US$2bn Plus Financing Package to Help Combat the Health and Socio-economic Impact of COVID-19 in Member Countries

The Islamic Development Bank (IsDB), the multilateral development bank (MDB) of the OIC countries, has embarked on a comprehensive strategy to help combat the global threat caused by the novel…

Continue ReadingIsDB Launches Comprehensive US$2bn Plus Financing Package to Help Combat the Health and Socio-economic Impact of COVID-19 in Member Countries

GCC Digital Payments and Wallets Solutions Flourish with Four New Licenses in Saudi Arabia, as Three States Move to Further Enhance Their FinTech Ecosystems

Digital and online payment solutions continue to flourish in the Gulf Cooperation Council (GCC) countries with The Saudi Arabian Monetary Authority (SAMA) licensing two digital wallet companies, Bayan Payments (Bayanpay)…

Continue ReadingGCC Digital Payments and Wallets Solutions Flourish with Four New Licenses in Saudi Arabia, as Three States Move to Further Enhance Their FinTech Ecosystems

Saudi DMO Continues Sovereign Domestic Issuance with SR4.496bn Sukuk in February Amid Fast-Changing Global Economy due to Impact of Coronavirus and Falling Oil Prices

The Debt Management Office (DMO) of the Saudi Ministry of Finance (MoF) continued its proactive domestic sovereign Sukuk issuance in February 2020 when it issued its second offering – a…

Continue ReadingSaudi DMO Continues Sovereign Domestic Issuance with SR4.496bn Sukuk in February Amid Fast-Changing Global Economy due to Impact of Coronavirus and Falling Oil Prices

Saudi Realty Developer Dar Al Arkan Closes its Tenth International Sukuk with Latest US$400 Million Issuance

Dar Al Arkan Real Estate Development Company, the leading and largest publicly listed Saudi Arabian residential property developer, successfully closed its latest Sukuk offering – a 7-Year US$400 million (SR1.5…

Continue ReadingSaudi Realty Developer Dar Al Arkan Closes its Tenth International Sukuk with Latest US$400 Million Issuance

Saudi Arabia’s Riyad Bank Successfully Prices GCC’s Largest Tier II Offering with US$1.5bn Sukuk Driven by Strong Investor Demand

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…

Continue ReadingSaudi Arabia’s Riyad Bank Successfully Prices GCC’s Largest Tier II Offering with US$1.5bn Sukuk Driven by Strong Investor Demand

IsDB Continues Proactive Sukuk Issuance Strategy of 2019 with Largest Ever Single Offering of US$2bn in February 2020

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…

Continue ReadingIsDB Continues Proactive Sukuk Issuance Strategy of 2019 with Largest Ever Single Offering of US$2bn in February 2020