News in Brief
IsDB Approves US$337.63m for a Number of Development Projects in the Transport, Agriculture, and Human Capital Development Sectors in Three West African Member Countries Jeddah - The Board of Executive…
Saudi NDMC Kicks off 2022 Domestic Sovereign Sukuk Issuance Programme with SAR2.833bn (US$755.09m) Offering in January Auction
The National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) Saudi Arabia kicked off its 2022 Saudi Riyal-denominated Sukuk Issuance Programme with a two-tranche offering totalling SAR2.833…
Riyad Bank Latest Institution to Issue US$750m Perpetual Additional Tier 1 (AT1) Sukuk Linked to Sustainability
Sukuk issuances linked to Sustainability, ESG, SRI and Green Finance continue to gain momentum in the global Islamic capital market, albeit the pace of issuances could be even more urgent…
Al Rajhi Bank Upsizes Sukuk Issuance to SAR6.5bn (US$1.74bn) Following Huge Market Demand as Sukuk Issuance in Saudi Arabia Makes a Buoyant Start to 2022
The Sukuk market in 2022 has started with a big bang continuing where it had left off in a record 2021 with US$252.3 billion of primary issuances, according to Fitch…
Pakistan Government Returns to International Market with First Sovereign Issuance in 2022 Raising US$1bn Through a Sukuk Al-Ijarah Offering
The Government of Pakistan returned to the international market after an absence of four years with the first sovereign Sukuk issuance of 2022 with a US$1 billion Unsubordinated Reg. S…
DIB Continues its First Issuer Advantage in UAE Sukuk Market with Inaugural Benchmark US$750m Offering Priced with its Lowest-ever Credit Spread with no New Issue Premium
Dubai Islamic Bank (DIB), one of the most prolific and regular issuers of Sukuk by a financial institution and the largest Islamic bank in the UAE in terms of assets,…