Read more about the article <strong>Saudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues with Closure of Two-tranche SAR3,465.56m (US$923.25m) Sukuk in February 2023, as Aggregate for First Two Months Reach SAR7,123.1m (US$1,897.9m)</strong>

Saudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues with Closure of Two-tranche SAR3,465.56m (US$923.25m) Sukuk in February 2023, as Aggregate for First Two Months Reach SAR7,123.1m (US$1,897.9m)

The National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) successfully closed its second consecutive monthly domestic sovereign Sukuk issuance on 15 February 2023 raising an aggregate…

Continue ReadingSaudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues with Closure of Two-tranche SAR3,465.56m (US$923.25m) Sukuk in February 2023, as Aggregate for First Two Months Reach SAR7,123.1m (US$1,897.9m)
Read more about the article <strong>Saudi Investment Bank (SAIB) Closes Second Perpetual Sukuk Issuance – a SAR500m Offering – in 6 Months Raising a Total SAR2.5 bn (US$660m) Through Private Placement</strong>

Saudi Investment Bank (SAIB) Closes Second Perpetual Sukuk Issuance – a SAR500m Offering – in 6 Months Raising a Total SAR2.5 bn (US$660m) Through Private Placement

Sukuk issuance momentum in the Saudi Arabian banking sector continues in earnest underlining the fact that Sukuk issuance remains the preferred mode of fund raising, refinancing and Tier I capital…

Continue ReadingSaudi Investment Bank (SAIB) Closes Second Perpetual Sukuk Issuance – a SAR500m Offering – in 6 Months Raising a Total SAR2.5 bn (US$660m) Through Private Placement
Read more about the article Emirates Islamic Successfully Closes UAE’s First Local Currency AED1bn (AED272.3m) Sukuk as Dirham-denominated Debt Papers Flourish Among Bank Issuers

Emirates Islamic Successfully Closes UAE’s First Local Currency AED1bn (AED272.3m) Sukuk as Dirham-denominated Debt Papers Flourish Among Bank Issuers

Banks in the UAE seem to be turning to raising funds from issuing domestic debt instruments denominated in dirhams, as demand for local currency debt papers increase.In the last few…

Continue ReadingEmirates Islamic Successfully Closes UAE’s First Local Currency AED1bn (AED272.3m) Sukuk as Dirham-denominated Debt Papers Flourish Among Bank Issuers
Read more about the article <strong>DIB Continues its Sustainability Issuer Advantage in the UAE Market with US$1bn Sustainable Sukuk Issuance in February 2023 – the Second Such issuance in Two Months</strong>

DIB Continues its Sustainability Issuer Advantage in the UAE Market with US$1bn Sustainable Sukuk Issuance in February 2023 – the Second Such issuance in Two Months

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,…

Continue ReadingDIB Continues its Sustainability Issuer Advantage in the UAE Market with US$1bn Sustainable Sukuk Issuance in February 2023 – the Second Such issuance in Two Months
Read more about the article <strong>Market Welcomes Egypt’s Entry into Global Sukuk Market with Maiden US$1.5bn Issuance in February 2023 with Robust Optimism Tempered with Subdued Caution</strong>

Market Welcomes Egypt’s Entry into Global Sukuk Market with Maiden US$1.5bn Issuance in February 2023 with Robust Optimism Tempered with Subdued Caution

After almost three years of deliberations, the Egyptian Government finally went to the international market in February 2023 successfully closing its maiden US dollar Sukuk issuance – a US$1.5 billion…

Continue ReadingMarket Welcomes Egypt’s Entry into Global Sukuk Market with Maiden US$1.5bn Issuance in February 2023 with Robust Optimism Tempered with Subdued Caution