IsDB Continues Proactive Sukuk Issuance Strategy of 2019 with Largest Ever Single Offering of US$2bn in February 2020

The Islamic Development Bank (IsDB), the multilateral development bank (MDB) of the OIC countries, successfully priced its largest Sukuk issuance ever, raising US$2 billion in 5-year Trust Certificates in March…

Continue ReadingIsDB Continues Proactive Sukuk Issuance Strategy of 2019 with Largest Ever Single Offering of US$2bn in February 2020

GFH Financial Succesfully Prices US$300m Sukuk Wakala/Tawarruq as Group Eyes More Realty Transactions in the US and UK

Bahrain-based GFH Financial Group, formerly Gulf Finance House, successfully priced a US$300 million Sukuk Wakala/Tawarruq on 22 January 2020. The Sukuk, which has a tenor of 5 years and matures…

Continue ReadingGFH Financial Succesfully Prices US$300m Sukuk Wakala/Tawarruq as Group Eyes More Realty Transactions in the US and UK

Saudi DMO Starts 2020 with a Two-Tranche SR6.72bn Sovereign Domestic Sukuk as 2019 Issuance Buoyancy Continues

The Debt Management Office (DMO) of the Saudi Ministry of Finance (MoF) started the year 2020 in a buoyant mood with a SR6.72 billion (US$1.79 billion) domestic Sukuk offering on…

Continue ReadingSaudi DMO Starts 2020 with a Two-Tranche SR6.72bn Sovereign Domestic Sukuk as 2019 Issuance Buoyancy Continues

QIB Successfully Prices Debut US$800m Formosa Sukuk as Qatari Banks Venture into more Exotic Markets to Raise Funds

Another sign that GCC Islamic banks are becoming more adventurous and mature in their fund-raising diversification strategies is the latest foray by Qatar Islamic Bank (QIB), the oldest and largest…

Continue ReadingQIB Successfully Prices Debut US$800m Formosa Sukuk as Qatari Banks Venture into more Exotic Markets to Raise Funds