Turkey’s Domestic Sukuk Issuances Maintain Traction as Ankara Issues its Latest Offering of TL846.5m Sukuk Al Ijarah Despite Continuing Global Trade Tensions and Domestic Economic Woes

The Turkish Ministry of Treasury and Finance successfully issued its latest offering of domestic Sukuk – a TR846.5 million (US$148.12) issuance of Lease Certificates (Sukuk Al Ijarah) on 21 August…

Continue ReadingTurkey’s Domestic Sukuk Issuances Maintain Traction as Ankara Issues its Latest Offering of TL846.5m Sukuk Al Ijarah Despite Continuing Global Trade Tensions and Domestic Economic Woes

Bank Negara Malaysia Plans Next Great Leap Forward for E-Payments as Russia’s Sberbank Pioneers PayZakat Start-up and Dubai’s Addenda Blockchain Platform Targets Takaful and Insuretech Firms

The fit between Islamic finance and the wider global ESG/SRI, FinTech and Digitisation sectors continues at a measured pace, with a recognized and on-going need for the further development of…

Continue ReadingBank Negara Malaysia Plans Next Great Leap Forward for E-Payments as Russia’s Sberbank Pioneers PayZakat Start-up and Dubai’s Addenda Blockchain Platform Targets Takaful and Insuretech Firms

Dubai’s The First Group Closes US$135m Sukuk Al Ijarah as Two More GCC Corporates Get Approval for Imminent Benchmark Issuances

Dubai-based The First Group (TFG), the integrated global property developer and hospitality specialists, successfully closed a five-year US$135 million Sukuk Al Ijarah in August 2019. The Sukuk certificates mature on…

Continue ReadingDubai’s The First Group Closes US$135m Sukuk Al Ijarah as Two More GCC Corporates Get Approval for Imminent Benchmark Issuances

Saudi Retail Food Giant Savola Group Closes SR1bn Sukuk with an ‘Exchangeable Consideration’ in an Increasingly Difficult Consumer Market

Saudi Arabia’s Savola Group, one of the leading food retail and edible oil companies in the MENAT (Middle East, North Africa and Turkey) region, successfully closed its latest Sukuk offering…

Continue ReadingSaudi Retail Food Giant Savola Group Closes SR1bn Sukuk with an ‘Exchangeable Consideration’ in an Increasingly Difficult Consumer Market

Saudi DMO Maintains Domestic Sovereign Sukuk Issuance Momentum with Seventh Consecutive Offering as 2019 Offerings to Date Reach US$12 billion

The Debt Management Office (DMO) of the Saudi Ministry of Finance continued its on-going monthly domestic sovereign Sukuk issuance in July 2019 with a three-tranche riyal-denominated offering totaling SR5.216 billion…

Continue ReadingSaudi DMO Maintains Domestic Sovereign Sukuk Issuance Momentum with Seventh Consecutive Offering as 2019 Offerings to Date Reach US$12 billion

DP World Raises US$1.3bn through Sukuk and Tap Bond to Fund its Acquisitions and Ambitious Expansion Strategy

The Debt Management Office (DMO) of the Saudi Ministry of Finance continued its on-going monthly domestic sovereign Sukuk issuance in July 2019 with a three-tranche riyal-denominated offering totaling SR5.216 billion…

Continue ReadingDP World Raises US$1.3bn through Sukuk and Tap Bond to Fund its Acquisitions and Ambitious Expansion Strategy

Abu Dhabi Regulator Issues Framework for Robo-Advisers in Investment and Finance While Malaysia Prepares the Ecosystem for Digitisation and FinTech Inclusion in the Waqf Sector

Abu Dhabi Regulator Issues Framework for Robo-Advisers in Investment and Finance While Malaysia Prepares the Ecosystem for Digitisation and FinTech Inclusion in the Waqf SectorThe connectivity between Islamic finance and…

Continue ReadingAbu Dhabi Regulator Issues Framework for Robo-Advisers in Investment and Finance While Malaysia Prepares the Ecosystem for Digitisation and FinTech Inclusion in the Waqf Sector

UK Preparing to Launch Second Sterling-denominated Sukuk to Further Consolidate Britain as the Western Hub for Islamic Finance in a Post-Brexit Dispensation

UK Preparing to Launch Second Sterling-denominated Sukuk to Further Consolidate Britain as the Western Hub for Islamic Finance in a Post-Brexit DispensationBrexit or No Brexit, the UK’s Islamic finance proposition…

Continue ReadingUK Preparing to Launch Second Sterling-denominated Sukuk to Further Consolidate Britain as the Western Hub for Islamic Finance in a Post-Brexit Dispensation

Sheikh Mansour’s ESIC Maiden $600m Benchmark Sukuk is 6.2 times Oversubscribed as Investor Appetite for International Issuances Remain Unsated

Emirates Strategic Investments Company (ESIC), the Abu Dhabi-based multi-sector diversified holding company wholly-owned by Sheikh Mansour Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs of Abu Dhabi,…

Continue ReadingSheikh Mansour’s ESIC Maiden $600m Benchmark Sukuk is 6.2 times Oversubscribed as Investor Appetite for International Issuances Remain Unsated