News in Brief
IsDB and IFRC in Discussions to Issue a Sukuk to Support Fund to end choleraJeddah - The Islamic Development Bank (IsDB) and the International Federation of Red Cross and Red…
Sharjah Islamic Bank Returns to Market With Debut Benchmark ATI Capital Boosting Mudaraba Sukuk With Lowest Yield in the Region since 2015
Sharjah Islamic Bank (SIB) returned to the market with its latest benchmark Sukuk issuance in the international market at the end of June 2019. The US$500 million 5.00% Perpetual Mudaraba…
Saudi DMO Maintains Domestic Sovereign Sukuk Issuance Momentum with Sixth Consecutive Offering as FH2019 Offerings Surge to US$11 billion
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 Proliferate with SR12.133 Billion of Deals in Saudi Arabia in June 2019 Alone
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…