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

Market Anticipation as UK Inches Towards Second Sovereign Sukuk Issuance as Tender for Syndication Banking Services closes in January 2020

Cagamas Berhad, the National: The UK inched closer towards issuing its second sovereign Sukuk in January 2020 when the UK Debt Management Office (DMO) of HM Treasury issued an invitation…

Continue ReadingMarket Anticipation as UK Inches Towards Second Sovereign Sukuk Issuance as Tender for Syndication Banking Services closes in January 2020