Read more about the article London cements its position as a global hub for Islamic finance as UK Government and UKIFC lead Inaugural Taskforce on Islamic Finance and UN’s SDGs

London cements its position as a global hub for Islamic finance as UK Government and UKIFC lead Inaugural Taskforce on Islamic Finance and UN’s SDGs

The Islamic Finance Council UK (UKIFC) in partnership with the UK Government, convened the inaugural Islamic Finance & UN Sustainable Development Goals (SDGs) Taskforce through a virtual meeting in early…

Continue ReadingLondon cements its position as a global hub for Islamic finance as UK Government and UKIFC lead Inaugural Taskforce on Islamic Finance and UN’s SDGs
Read more about the article Industry Mourns the Passing of Islamic Banking Pioneer Hajj Saeed bin Ahmed Al Lootah, Founder of Dubai Islamic Bank, the Oldest Islamic Commercial Bank, at the Age of 97

Industry Mourns the Passing of Islamic Banking Pioneer Hajj Saeed bin Ahmed Al Lootah, Founder of Dubai Islamic Bank, the Oldest Islamic Commercial Bank, at the Age of 97

The Islamic finance industry lost another of its contemporary pioneers, Hajj Saeed bin Ahmed Al Lootah, the founder and Chairman for many years of Dubai Islamic Bank (DIB), the oldest…

Continue ReadingIndustry Mourns the Passing of Islamic Banking Pioneer Hajj Saeed bin Ahmed Al Lootah, Founder of Dubai Islamic Bank, the Oldest Islamic Commercial Bank, at the Age of 97
Read more about the article DP World Upsizes Latest Perpetual Sukuk Mudaraba Issuance to US$1.5bn Following Robust Demand from International Investors

DP World Upsizes Latest Perpetual Sukuk Mudaraba Issuance to US$1.5bn Following Robust Demand from International Investors

DP World, the Dubai-based global port operator and logistics group, launched its latest Sukuk offering on 24 June 2020 – a U.S.$1.5 billion Reset Subordinated Perpetual Certificates issuance.The Sukuk Mudaraba…

Continue ReadingDP World Upsizes Latest Perpetual Sukuk Mudaraba Issuance to US$1.5bn Following Robust Demand from International Investors
Read more about the article Saudi Sovereign Domestic Sukuk Issuance Reaches US$12.42bn in First Half 2020 as NDMC raises US$2.25bn in June with a Three-Tranche Sukuk

Saudi Sovereign Domestic Sukuk Issuance Reaches US$12.42bn in First Half 2020 as NDMC raises US$2.25bn in June with a Three-Tranche Sukuk

Saudi Arabia’s reliance on domestic sovereign Sukuk issuance as part of its public debt strategy continued in June 2020 with The National Debt Management Center (NDMC) of the Ministry of…

Continue ReadingSaudi Sovereign Domestic Sukuk Issuance Reaches US$12.42bn in First Half 2020 as NDMC raises US$2.25bn in June with a Three-Tranche Sukuk
Read more about the article DIB Raises US$1.3bn Through Two Sukuk Offerings in June 2020 to Finance Customers and Clients During Covid-19 Economic Recovery Phase

DIB Raises US$1.3bn Through Two Sukuk Offerings in June 2020 to Finance Customers and Clients During Covid-19 Economic Recovery Phase

It seems that issuers are seeking flight to quality and safety as sovereigns, multilaterals, banks and corporates in the Middle East, South East Asia and Africa are turning to domestic…

Continue ReadingDIB Raises US$1.3bn Through Two Sukuk Offerings in June 2020 to Finance Customers and Clients During Covid-19 Economic Recovery Phase
Read more about the article Indonesia Returns to Market with US$2.5bn Triple-Tranche Sukuk Wakala including a Third US$750m Global Green Sukuk

Indonesia Returns to Market with US$2.5bn Triple-Tranche Sukuk Wakala including a Third US$750m Global Green Sukuk

The Government of Indonesia returned to the global Sukuk market on 17 June 2020 through the issuance of a three-tranche US$2.5 billion Sukuk Wakala in the international market in 144A/…

Continue ReadingIndonesia Returns to Market with US$2.5bn Triple-Tranche Sukuk Wakala including a Third US$750m Global Green Sukuk
Read more about the article IsDB Issues Debut US$1.5bn Sustainability Sukuk Specifically to Fight Aftermath of Covid-19 in Member Countries

IsDB Issues Debut US$1.5bn Sustainability Sukuk Specifically to Fight Aftermath of Covid-19 in Member Countries

The Islamic Development Bank (IsDB), the multilateral development bank (MDB) of the OIC (Organisation of Islamic Cooperation) countries, has consolidated its financing “to tackle the aftermath of the COVID-19 pandemic…

Continue ReadingIsDB Issues Debut US$1.5bn Sustainability Sukuk Specifically to Fight Aftermath of Covid-19 in Member Countries