One year on: The coalition of signatory banks and stakeholder endorsers share progress implementing the UN Principles for Responsible Banking

Exactly one year ago, on 22 September 2019, more than 130 banks in the presence of the UN Secretary General signed the first-ever global sustainability framework for the banking industry:…

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Saudi Government Domestic Sukuk Issuance Rises to SAR48,083.5m (US$12,820.04m) in First Eight Months of 2020

True to its Sukuk issuance calendar for 2020, the National Debt Management Center (NDMC) of the Saudi Ministry of Finance (MoF) continued with its monthly domestic sovereign Sukuk issuance in…

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An Interview with Stella Cox CBE – Moving Towards Sustainability and Adopting Purposeful Technologies: How Can Businesses Adapt to the New Landscape? – Published by IslamicMarkets.com

SMEs may face challenges of scale but, as the backbone of economies, they are well positioned to show the way forward in sustainable and responsible practices. COVID-19 has unveiled the…

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NEWS in BRIEF

Bank Consortium Arranges US$2bn Debut Hybrid Murabaha/Conventional Financing Facility for EgyptDubai – A consortium of banks have arranged a US$2 billion hybrid Conventional and Islamic Syndicated Term Facility for the…

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Turkish Treasury Raises US$7.82bn Through Domestic and International Sukuk Al Ijarah Issuances from January to August 2020

The Turkish Treasury & Finance Ministry, beleaguered by the country’s deteriorating fiscal and macro-economic fundamentals on the back of the impact of COVID-19, continued to tap the domestic Sukuk and…

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Malaysia’s Innovative ‘People’s’ Sukuk Prihatin Aims to Connect Citizens Contribution to COVID-19 Economic Recovery

It is unusual for a sovereign issuer to issue debt papers in the name of patriotism and nationalism. But then the COVID-19 pandemic has unleashed unusual circumstances and demands on…

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Government of Dubai Returns to International Sukuk Market with a US$1bn COVID-19 Mitigation Issuance

The twin effects of the COVID-19 pandemic and the sharp decline in crude oil prices has impacted the fiscal and growth challenges in the Gulf Cooperation Council (GCC) countries. The…

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