NEWS in BRIEF

Malaysia’s Mortgage Securitiser Cagamas Starts 2021 with Four-Tranche RM710m (US$176.2m) Hybrid Sukuk/Bond Offerings to Fund Purchases of Housing and Commercial MortgagesKuala Lumpur – Cagamas Berhad, the National Mortgage Corporation of…

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Saudi NDMC Starts 2021 with SAR2,955m (US$788.85m) Domestic Sukuk in January Following on From a Record SAR85bn (US$22.64bn) Domestic Sukuk Issuance Programme in 2020

The sustainability of and commitment to using domestic Sukuk as a public debt finance instrument was reinforced in January 2021 when the National Debt Management Centre (NDMC) of the Saudi…

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Bangladesh Joins Sovereign Issuers with Maiden BDT8,000 Crore (US$944m) Infrastructure-linked Sukuk Ijara Issuance

Bangladesh became the latest country to issue a debut sovereign Sukuk when the Debt Management Department (DMD) of Bangladesh Bank, the central bank, issued a BDT8,000 crore Sukuk Ijara through…

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Central Bank of Bahrain Licences First Sharia’a-compliant Cryptocurrency Exchange – Coin-MENA – as its First Digital Assets Footprint in the GCC

Another sign that digital asset and exchanges are slowly getting traction in the Islamic finance space is the recent issuance of a licence by the Central Bank of Bahrain (CBB)…

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SC Expands Malaysia’s SRI Sukuk and Bond Grant Scheme to Encourage Capital Market Fund Raising for Sustainable Development

Another sign of the Malaysian government pushing the sustainability, ESG and socially responsible investments (SRI) agenda is the decision in January 2021 of the Securities Commission Malaysia (SC) to expand…

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NCB Returns to International Sukuk Market with Benchmark US$1.256bn Mudaraba Sukuk as Saudi Arabia Leads from the Front in Early 2021 Sukuk Issuances

Saudi Arabia’s National Commercial Bank (NCB) returned to the international market with a further Tier 1 US$1.25 billion Mudaraba Sukuk offering on 26 January 2021. The Sukuk certificates were issued…

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NEWS in BRIEF

Malaysia’s Mortgage Securitiser Cagamas Closes Final Sukuk Issuance for 2020 Bringing Total Combined Issuances for the Year to RM11.7bnKuala Lumpur – Cagamas Berhad, the National Mortgage Corporation of Malaysia, one…

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Saudi NDMC Completes Record SAR85bn (US$22.64bn) Domestic Sukuk Issuance Programme in 2020

The National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) completed its domestic sovereign Sukuk issuance programme for 2020 in December.In an unusual statement, the MoF confirmed…

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ITFC Launches Standalone LC Confirmation Facility to Support Private Sector and SMEs to Boost Intra-Islamic Trade as Egypt Signs US$1.1bn Trade Finance Programme with Corporation

The International Islamic Trade Finance Corporation (ITFC), the trade fund of the Islamic Development Bank (IsDB) Group, continues to consolidate its financing activities in Africa and with the private sector…

Continue Reading ITFC Launches Standalone LC Confirmation Facility to Support Private Sector and SMEs to Boost Intra-Islamic Trade as Egypt Signs US$1.1bn Trade Finance Programme with Corporation