NEWS in BRIEF
ITFC and ISFD Launch US$150m Trade Finance Support Programme for IsDB’s Least Developed Member Countries (LDMCs) Affected by the COVID-19 and the Food Security Crises Jeddah – The International Islamic…
Saudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues with First SAR3,465.6m (US$923.3m) Sukuk in 2023, on the Back of a Record US$32.53bn of Sovereign Sukuk Offerings in 2022
These are exciting times for the issuance of sovereign domestic Sukuk. There is no doubt that the National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) is…
Saudi Arabia’s ACWA Power Launches Second Domestic SAR1.8bn (US$480m) Sukuk Offering in January 2023 to Finance its Rapidly Expanding Energy Transition Business
ACWA Power, in which the Saudi sovereign wealth fund, Public Investment Fund (PIF), has a 50% equity stake, returned to the Sukuk market on 10 January 2023 with the launch…
First Abu Dhabi Bank (FAB) Kicks off International Sukuk Issuance with a Benchmark US$500m RegS Offering in January 2023 followed by a US$600m Bond, Raising an Aggregate US$1.1bn
Each January, there is a scramble as to which institution will be the first to issue a Sukuk in the international market in that respective year. Usually, it is a…
Nigerian DMO Completes Fifth Road Infrastructure Ring-fenced Domestic Sovereign Sukuk Ijarah Raising ₦130bn (US$280m) Amidst Robust Investor Over-subscription
The Federal Government of Nigeria (FGN) continued to build up a yield curve for its naira-denominated FGN Sovereign Domestic Sukuk with its fifth offering to date on 2 December 2022…
Launch of Malaysian Islamic Digital Banks, Rize and AEON Digital, Will Capitalise on Prime Mover Advantage in a Potential US$10bn Market
Will 2023 be the year when the establishment of Islamic digital banks proliferates? The launch in Malaysia of two high profile Islamic digital banks over the last few weeks backed…