NEWS in BRIEF
Malaysia’s Mortgage Securitiser Cagamas Raises RM945m in Second Monthly Hybrid Sukuk/Bond Issuance in First Two Months of 2021 to Fund Purchases of Housing and Commercial MortgagesKuala Lumpur – Cagamas Berhad,…
Saudi NDMC Issues Second Consecutive Monthly Domestic Sukuk with SAR3,160m (US$842.47m) Offering in February as Total for First Two Months 2021 Tops SAR11,216m (US$2,990.23m)
The National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) continued its consecutive monthly issuances of Riyal-denominated sovereign Sukuk with a two-tranche SAR3,160 million (US$842.47 million) offering…
‘Big Three’ Rating Agencies See Noticeable Increase in Islamic Finance Assets and Uptake in Africa in 2021 as South Africa Confirms Intention to Issue Debut Rand Sukuk
“Following a successful issuance in global capital markets in 2014, the National Treasury will issue a domestic rand-denominated Islamic Sukuk in 2021/22 to diversify funding sources and reach new investors,”…
Islamic Financial Institutions Launch Innovative Additional Measures in Mitigating COVID-19 Disruption Including Customer Debt Write-offs and Healthcare-related Investment Notes
Sometimes adversity brings out the best in society. The health, economic and social impact of COVID-19 has been painful for all countries. Governments have responded with rescue packages and with…
Turkish Treasury Raises US$1.2bn Through Local Sukuk Issuances in February 20321 as Participation Banking Assets Reach 7.1% Market Share
It seems that participation (Islamic) banking in Turkey is getting a second wind in terms of government policy and support which augurs well for the industry in the Middle East,…
Riyad Bank Latest Saudi Banking Major to Boost Tier-II Capital with SAR3bn (US$800m) Sukuk Issuance
Saudi Arabia’s Riyad Bank is the latest Saudi bank to boost its capital through the issuance of Sukuk following on from the Tier 1 US$1.25 billion Mudaraba Sukuk issued in…