The Debt Management Office (DMO) of the Saudi Ministry of Finance continued its on-going monthly domestic sovereign Sukuk issuance in June with a three-tranche riyal-denominated offering totaling SR2,744 million (US$730…
Murabaha syndications and transactions flourished during June 2019 with a spate of deals concluded in Saudi Arabia, Malaysia, Turkey and the UAE. The funds raised were used to finance a…
In an important new initiative, Bank Negara Malaysia (BNM) has introduced mandatory testing and disclosure of sustainability of coverage for investment-linked products (sustainability test) by insurers and Takaful operators, effective…
The Turkish Ministry of Treasury & Finance continues to tap the domestic and international markets with issuances of lease certificates (Sukuk Ijarah) to fund government budgetary requirements as part of…
Stella Cox CBE chaired the panel discussion entitled ‘Getting blended finance models right’ which took place at an event hosted at White and Case London on 17th June 2019.This followed…
Lawrence Oliver, Director, Deputy CEO was delighted to be invited to moderate a session on Digitization of Financial Documentation and Products at the IIFM Awareness Seminar on Islamic Finance held…
Saudi Arabia Plans to Issue up to US$5bn in International Sukuk in Q3 2019 says DMO Chief Riyadh – Saudi Arabia will issue between US$3 billion to US$5 billion in…
Kuwait International Bank Issues Debut Sukuk as More Kuwaiti Entities Line up to Enter MarketKuwait International Bank (KIB) successfully priced a US$300 million AT1 Perpetual Tier 1 Capital Basel III…
Saudi DMO Maintains Domestic Sovereign Sukuk Issuance Momentum with Fifth Consecutive Offering as Tadawul Reduces Minimum Denomination of Domestic Government Debt InstrumentsThe Debt Management Office (DMO) of the Saudi Ministry…
Souqa FinTech PayHalal and Halal Pesa Make Important Initial Inroads into the Islamic Payment Service Provider (PSP) SectorA crucial aspect of the financial services system is payments processing and the…