NEWS in BRIEF
Trade Electronic Intermediation Leader DDCAP Group Accorded Malaysia Digital (MD) Status by Minister of Digital Malaysia as UK Investments in the Country’s Digitalisation Ecosystem GrowsKuala Lumpur – The DDCAP Group…
Sovereign Domestic Sukuk – Saudi Arabia
Saudi NDMC Raises a Staggering SAR67.40bn (US$17.97bn) in the Saudi Riyal-denominated Market Through Two Sukuk Transactions in the Last Two Weeks of May 2024 as Sukuk Gathers Greater Momentum Given…
Exclusive Deepdive – Malaysia Changing IF Policy Playbook
Malaysian PM Anwar Ibrahim Proposes Wide-ranging Reforms and Initiatives in New Sukuk Structures, Islamic Trade and Social Finance to Promote Inclusive and Sustainable Growth, Good Governance to Restore Confidence and…
Treasury Sukuk – UAE AED1.1bn T-Sukuk
UAE Government Domestic Treasury T-Sukuk Auction in May Raises AED1.1bn (US$300mn) as Total Volume of Issuances for 2024 to Date Reaches AED6.1bn (US$1.7bn) Buoyed by Strong Investor Demand The dirham-denominated…
Bank Sukuk – Emirates Islamic US$750mn Sustainability Sukuk
Emirates Islamic Returns to International Sukuk Market in May 2024 with Maiden 5-Year US$750mn Sustainability Sukuk as Momentum of Such Offerings Gathers PaceEmirates Islamic, one of the leading Islamic financial…
Sovereign Sukuk – Saudi Arabia US$5bn Sukuk
Robust Demand for Saudi Arabia’s A-Rated US$5bn Sovereign Sukuk Underlines Kingdom’s Pre-eminence as a Public Debt Sukuk IssuerThe National Debt Management Centre (NDMC) of the Saudi Ministry of Finance successfully…
NEWS in BRIEF
IsDB Board Approves US$478 mn of New Development Financing in Four Member States to Fund Sustainable Development Projects in Key Sectors such as Energy, Education, Transport, and the SMEsRiyadh –…
Riyadh Declaration – IsDB Contemplates the Next 50 Years
IsDB Governors Target Greater Role in Sukuk Market and Deepening Islamic Capital Markets, Increased Concessional Funding, Greater International Partnerships and Intra-OIC Trade in the Next 50 YearsAs far as the…
Corporate Sukuk – Aldar US$500m Green Sukuk Wakala
Aldar Investment Properties Issues Second Benchmark US$500m Green Sukuk Wakala/Murabaha in May 2024 in Support of its Growth Agenda and Net Zero and Sustainability Commitments Abu Dhabi-based Aldar Investment Properties,…
Bank Sukuk – Al Rajhi Bank US$2bn Sukuk Issuances
Al Rajhi Bank Raises Aggregate US$2bn in Two Consecutive Sustainable Sukuk Wakala Transactions of US$1bn Each in March and May 2024 Al Rajhi Bank, the largest Islamic bank in the…