Malaysia’s Cagamas Berhad Defies Global Growth Challenges and Trade Tension Sentiments with Three Competitively-priced Sukuk Issuances in August to Support Mortgage Market

Cagamas Berhad, the National Mortgage Corporation of Malaysia, one of the most prolific issuers of Sukuk, continues to play a major role in Sukuk issuance and in the Islamic mortgage…

Continue ReadingMalaysia’s Cagamas Berhad Defies Global Growth Challenges and Trade Tension Sentiments with Three Competitively-priced Sukuk Issuances in August to Support Mortgage Market

Saudi DMO Maintains Domestic Sovereign Sukuk Issuance Momentum with Eighth Consecutive Offering as 2019 Offerings to Date Reach US$13 billion in a Changing Issuance Architecture

The Debt Management Office (DMO) of the Saudi Ministry of Finance, continued its proactive on-going monthly domestic sovereign Sukuk issuance in August 2019 with a three-tranche riyal-denominated offering totaling SR2.261…

Continue ReadingSaudi DMO Maintains Domestic Sovereign Sukuk Issuance Momentum with Eighth Consecutive Offering as 2019 Offerings to Date Reach US$13 billion in a Changing Issuance Architecture

Turkey’s Domestic Sukuk Issuances Maintain Traction as Ankara Issues its Latest Offering of TL846.5m Sukuk Al Ijarah Despite Continuing Global Trade Tensions and Domestic Economic Woes

The Turkish Ministry of Treasury and Finance successfully issued its latest offering of domestic Sukuk – a TR846.5 million (US$148.12) issuance of Lease Certificates (Sukuk Al Ijarah) on 21 August…

Continue ReadingTurkey’s Domestic Sukuk Issuances Maintain Traction as Ankara Issues its Latest Offering of TL846.5m Sukuk Al Ijarah Despite Continuing Global Trade Tensions and Domestic Economic Woes

Bank Negara Malaysia Plans Next Great Leap Forward for E-Payments as Russia’s Sberbank Pioneers PayZakat Start-up and Dubai’s Addenda Blockchain Platform Targets Takaful and Insuretech Firms

The fit between Islamic finance and the wider global ESG/SRI, FinTech and Digitisation sectors continues at a measured pace, with a recognized and on-going need for the further development of…

Continue ReadingBank Negara Malaysia Plans Next Great Leap Forward for E-Payments as Russia’s Sberbank Pioneers PayZakat Start-up and Dubai’s Addenda Blockchain Platform Targets Takaful and Insuretech Firms

Dubai’s The First Group Closes US$135m Sukuk Al Ijarah as Two More GCC Corporates Get Approval for Imminent Benchmark Issuances

Dubai-based The First Group (TFG), the integrated global property developer and hospitality specialists, successfully closed a five-year US$135 million Sukuk Al Ijarah in August 2019. The Sukuk certificates mature on…

Continue ReadingDubai’s The First Group Closes US$135m Sukuk Al Ijarah as Two More GCC Corporates Get Approval for Imminent Benchmark Issuances