Saudi Fintech Entity Emkan Finance Issues Second Sukuk in 2024 in August Through a Private Placement Followingits Benchmark SAR2.3bn (US$604.6mn) Senior Sukuk Mudaraba in FebruaryEmkan Finance, a leading Saudi fintech…

DIB/Mashreq-led Consortium Arranges Landmark US$3.25bn Hybrid Islamic/Conventional Sustainability-linked Financing Facility for GEMS Education to Part Fund a Leveraged Buyout A consortium of UAE-based banks, led by Dubai Islamic Bank (DIB)…

Islamic Banks Gear Up to Promising EV and Hybrid Car Market with Innovative Green Vehicle Finance and Charging Hubs in Support of Sustainability and Transition to Clean Energy Net Zero…

Saudi NDMC Issues Sixth Round of its Popular Government Guaranteed SAH Retail Savings Sukuk to Bolster Financial Inclusion and to Encourage Savings Among Citizens The Saudi Ministry of Finance, through…

QIIB Returns to Global Market in July with US$250mn Tap Sukuk Offering Boosting Original Issuance to US$750mn as Sustainability Sukuk Continues to Gain Market Momentum Qatar International Islamic Bank (QIIB),…

IsDB Board Allocates US$368.98mn of New Financing for Sustainable Development Projects in Türkiye, Turkmenistan, and Suriname Targeting Education, Power Transmission and Oncology SectorsJeddah – The Board of Executive Directors of…

NDMC Continues its Sovereign Saudi Riyal Sukuk Issuance Momentum in July 2024 with Latest SAR4.414bn (US$1.176bn) Transaction as Primary Dealer Network is Expanded to Ten Local, and Five International Financial…

Kuwait’s Warba Bank Successfully Closed its Debut US$500mn Sustainability Sukuk Wakalah/Murabaha in July 2024 – the First Sustainable Sukuk to be Offered Out of Kuwait.Kuwait’s Warba Bank closed its latest…

Sharjah Islamic Bank Returns to Global Market After an Absence of 4 Years with Benchmark US$500mn Sukuk Ijara/Murabaha IssuanceSharjah Islamic Bank (SIB), one of the first mover banks to issue…