NEWS in BRIEF

Kuveyt Turk Boosts Lease Financing Portfolio to TL6.5bn in Q1 2021 as Prospects for Sector Increases Following Agreement with Leading Industrial Group Istanbul – In an effort to further boost…

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Saudi NDMC Issues Fifth Consecutive Monthly Domestic Sukuk with SAR3.53 billion (US$941.26 million) Offering in May as Total for First Five Months 2021 Tops Record SAR34.13bn (US$9.1bn)

The National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) issued its fifth consecutive monthly issuance of Riyal-denominated sovereign Sukuk with a two-tranche SAR3.53 billion (US$941.26 million)…

Continue Reading Saudi NDMC Issues Fifth Consecutive Monthly Domestic Sukuk with SAR3.53 billion (US$941.26 million) Offering in May as Total for First Five Months 2021 Tops Record SAR34.13bn (US$9.1bn)

IsDB Targets Agri-business Sector Development in African Member Countries with US$3.5bn Investment and Co-financing Arrangements with BADEA and IFAD

The Jeddah-based Islamic Development Bank (IsDB), the multilateral development bank (MDB) of the Muslim world, is targeting food security, agriculture, and climate action in its African member countries, who have…

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Malaysia’s 34.2% Islamic Banking Market Share Edges Towards 50% Parity with Conventional Sector by 2030 as Sector Reinforces its Resilience and Relevance during COVID-19 Pandemic

Malaysia’s Islamic banking and Takaful industry continues its steady march towards the stated goal of the Malaysian government to achieve parity with the conventional sector in terms of 50% market…

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IsDB Notches Up Another Sukuk First With a Maiden US$400m Secured Overnight Financing Rate (SOFR)-linked Offering Through a Private Placement

There is no doubt that the Islamic Development Bank (IsDB) is having a good year as far as its fixed income (Sukuk) issuance strategy is concerned. But it is in…

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Indonesia Notches up Another First With Latest Three-tranche US$3bn Sukuk Offering Including the First 30-Year Green Sukuk in the World

For a regular annual issuer of sovereign Sukuk, the Government of Indonesia is adept at notching up global firsts in its issuance programme and strategy. This is particularly so in…

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REPORT ANNOUNCEMENT – ISLAMIC FINANCE AND THE PRINCIPLES FOR RESPONSIBLE BANKING – 10th June 2021

Pioneering Islamic Finance and Principles for Responsible Banking Report Launched at Global Ethical Finance Summit UK – 10th June 2021, The Islamic Finance Council UK (UKIFC), in partnership with Malaysia…

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