Read more about the article DP World Upsizes Latest Perpetual Sukuk Mudaraba Issuance to US$1.5bn Following Robust Demand from International Investors

DP World Upsizes Latest Perpetual Sukuk Mudaraba Issuance to US$1.5bn Following Robust Demand from International Investors

DP World, the Dubai-based global port operator and logistics group, launched its latest Sukuk offering on 24 June 2020 – a U.S.$1.5 billion Reset Subordinated Perpetual Certificates issuance.The Sukuk Mudaraba…

Continue ReadingDP World Upsizes Latest Perpetual Sukuk Mudaraba Issuance to US$1.5bn Following Robust Demand from International Investors
Read more about the article Saudi Sovereign Domestic Sukuk Issuance Reaches US$12.42bn in First Half 2020 as NDMC raises US$2.25bn in June with a Three-Tranche Sukuk

Saudi Sovereign Domestic Sukuk Issuance Reaches US$12.42bn in First Half 2020 as NDMC raises US$2.25bn in June with a Three-Tranche Sukuk

Saudi Arabia’s reliance on domestic sovereign Sukuk issuance as part of its public debt strategy continued in June 2020 with The National Debt Management Center (NDMC) of the Ministry of…

Continue ReadingSaudi Sovereign Domestic Sukuk Issuance Reaches US$12.42bn in First Half 2020 as NDMC raises US$2.25bn in June with a Three-Tranche Sukuk
Read more about the article DIB Raises US$1.3bn Through Two Sukuk Offerings in June 2020 to Finance Customers and Clients During Covid-19 Economic Recovery Phase

DIB Raises US$1.3bn Through Two Sukuk Offerings in June 2020 to Finance Customers and Clients During Covid-19 Economic Recovery Phase

It seems that issuers are seeking flight to quality and safety as sovereigns, multilaterals, banks and corporates in the Middle East, South East Asia and Africa are turning to domestic…

Continue ReadingDIB Raises US$1.3bn Through Two Sukuk Offerings in June 2020 to Finance Customers and Clients During Covid-19 Economic Recovery Phase
Read more about the article Indonesia Returns to Market with US$2.5bn Triple-Tranche Sukuk Wakala including a Third US$750m Global Green Sukuk

Indonesia Returns to Market with US$2.5bn Triple-Tranche Sukuk Wakala including a Third US$750m Global Green Sukuk

The Government of Indonesia returned to the global Sukuk market on 17 June 2020 through the issuance of a three-tranche US$2.5 billion Sukuk Wakala in the international market in 144A/…

Continue ReadingIndonesia Returns to Market with US$2.5bn Triple-Tranche Sukuk Wakala including a Third US$750m Global Green Sukuk
Read more about the article IsDB Issues Debut US$1.5bn Sustainability Sukuk Specifically to Fight Aftermath of Covid-19 in Member Countries

IsDB Issues Debut US$1.5bn Sustainability Sukuk Specifically to Fight Aftermath of Covid-19 in Member Countries

The Islamic Development Bank (IsDB), the multilateral development bank (MDB) of the OIC (Organisation of Islamic Cooperation) countries, has consolidated its financing “to tackle the aftermath of the COVID-19 pandemic…

Continue ReadingIsDB Issues Debut US$1.5bn Sustainability Sukuk Specifically to Fight Aftermath of Covid-19 in Member Countries
Read more about the article Islamic Banking Pioneer Sheikh Saleh Kamel Dies Leaving an Influential Legacy – Obituary written by Mushtak Parker

Islamic Banking Pioneer Sheikh Saleh Kamel Dies Leaving an Influential Legacy – Obituary written by Mushtak Parker

The death of Sheikh Saleh Abdullah Kamel, the 79-year-old Chairman of Dallah Albaraka Group (DAG), on 18 May 2020 in Jeddah sees the end of an era of one of the…

Continue ReadingIslamic Banking Pioneer Sheikh Saleh Kamel Dies Leaving an Influential Legacy – Obituary written by Mushtak Parker
Read more about the article Saudi NDMC Keeps Sovereign Domestic Sukuk Issuance Momentum Going in May with US$1.53bn Issuance Bringing Total Raised in January-May 2020 to US$10.13bn

Saudi NDMC Keeps Sovereign Domestic Sukuk Issuance Momentum Going in May with US$1.53bn Issuance Bringing Total Raised in January-May 2020 to US$10.13bn

The National Debt Management Center (NDMC) of the Saudi Ministry of Finance (MoF) continued its proactive domestic sovereign Sukuk issuance in May when it issued its fifth consecutive monthly Sukuk…

Continue ReadingSaudi NDMC Keeps Sovereign Domestic Sukuk Issuance Momentum Going in May with US$1.53bn Issuance Bringing Total Raised in January-May 2020 to US$10.13bn
Read more about the article Turkish Treasury Raises US$2.68bn in Various Sukuk Ijara Auctions in May as Ankara Continues to Mitigate the Covid-19 Impact on the Economy

Turkish Treasury Raises US$2.68bn in Various Sukuk Ijara Auctions in May as Ankara Continues to Mitigate the Covid-19 Impact on the Economy

The government of Turkey increased its use of the Sukuk (lease certificate) market in May 2020 to raise much-needed funds in the wake of the continuing impact of the Covid-19…

Continue ReadingTurkish Treasury Raises US$2.68bn in Various Sukuk Ijara Auctions in May as Ankara Continues to Mitigate the Covid-19 Impact on the Economy