NEWS in BRIEF
Saudi Arabia’s InoChem Signs SR825m Islamic Credit Facility with Alinma and Al Bilad Banks to Finance BOO Soda Ash Complex Jeddah - Saudi Arabia’s InoChem, in which Sahara Petrochemicals Company…
Murabaha Syndications Flourish as a Complement to Sukuk as a Diversified Source of Financing in Both Traditional and New Markets
December 2019 saw a flourish of syndicated Murabaha financing and Islamic credit facilities, which has always complemented Sukuk issuance, especially in the Middle East and Malaysian markets but also for…
Saudi DMO Sovereign Domestic Sukuk Tops US$18.6bn for the Year 2019 as Kingdom Closes 12th Consecutive Issuance in December
The Debt Management Office (DMO) of the Saudi Ministry of Finance continued its domestic Saudi riyal denominated Sukuk issuance in December 2019 with its latest offering of a four tranche…
Bank Negara Malaysia Consults Industry on Licensing Framework for Digital Banks Through Detailed Exposure Draft with Five Licenses Set for FH2020
Bank Negara Malaysia (BNM), the central bank, closed 2019 with a potentially important FinTech consultation paper for the financial services industry on 27 December 2019 - an Exposure Draft on…
Bidaya Closes Fourth Sukuk Fuelled by its New SR1bn Programme as Demand for Islamic Mortgages Increase in Saudi Arabia
Bidaya Home Finance (BHF), the Riyadh-based Islamic mortgage finance company, successfully issued its latest Sukuk, a SR300 million 2 year offering under its recently established SR1.0 billion Sukuk programme, which…
Malaysian Mortgage Corporation (Cagamas) Finishes 2019 Strongly with Spate of Sukuk Issuances Totalling RM1.8bn
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…