NEWS in BRIEF

Contact Financial Holding Issues its Second EGP2.5bn (US$159.22m) Mudaraba Sukuk as Egypt Gears up to Issue its Maiden Sovereign SukukCairo – Corporate Sukuk issuances from Egypt, hitherto absent from the…

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Saudi NDMC Issues Seventh Consecutive Monthly Domestic Sukuk in July as Total for January-July 2021 Tops Record SAR44.6bn (US$14.1bn)

The National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) issued its seventh consecutive monthly issuance of Riyal-denominated sovereign Sukuk with a two-tranche SAR10.412 billion (US$2,772.62 million)…

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Digital Banks Gaining Momentum as Saudi Arabia and UK Licence Three Digital Banks and Malaysia Plans to Issue Five Such Licences by First Quarter 2022

The launching of Digital Banks (DBs) in traditional Islamic finance markets is fast gaining momentum especially in the two largest such markets, namely Saudi Arabia and Malaysia, signifying that digitisation…

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Malaysia’s SME Bank Issues Debut RM500m (US$118.0m) Sustainability Sukuk Wakalah to Help SMEs Transition to a Green Economy

Sustainability Sukuk issuances continues to gain momentum in member countries of the Islamic Development Bank (IsDB) Group to help agencies, banks and companies transition to a Green Circular Economy in…

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Emaar Properties Returns to International Sukuk Market with Latest Benchmark US$500m Issuance as UAE Real Estate Market Starts to Gain Momentum

Dubai-based international property developer, Emaar Properties, returned to the Sukuk market after a hiatus of two years to successfully close its latest offering, a Reg S US$500 million benchmark Sukuk…

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Government of Sharjah Returns to International Sukuk Market with Benchmark US$750m Murabaha/Ijara Sukuk

The Government of Sharjah, through its Finance Department, returned to the international Sukuk market with a benchmark Reg S 10-year US$750 million Sukuk Murabaha/Ijara issuance on 13 July 2021 maturing…

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