NEWS in BRIEF
The Republic of Philippine Finally Completes its Inaugural 5.5-year US$1bn Sukuk Wakala/Ijara/Tawarruq in December 2023 as it Targets More Issuances in the Future to Tap Investors from the GCCManila –…
Sovereign Domestic Sukuk – Saudi Arabia
Saudi NDMC Closes 2023 on a High Note with a Two-tranche SAR10.6bn (US$2.81bn) Sukuk as it Consolidates Domestic Sovereign Sukuk Issuance for 2024 with a Full Calendar of Monthly Auctions…
Bank Sukuk – First Abu Dhabi Bank US$800m Sukuk
UAE’s Largest Bank, First Abu Dhabi Bank (FAB), Kicks off International Sukuk Issuance Season with a Benchmark US$800m Sukuk Offering in Early January 2024 Every January, there is a scramble…
Bank Sukuk – Kuwait Finance House US$1bn Tier I Sukuk
KFH Returns to International Sukuk Market with US$1bn Tier I Sukuk in January 2024 The months of December 2023 and January 2024 have seen an unprecedented proliferation of Sukuk issuances…
Corporate Sukuk – SRC SAR3.5bn (US$930m) Sukuk
SRC Keeps Sukuk Issuance Momentum Going with Seventh and Eighth Mudaraba/Murabaha Fixed Rate Offerings in the Domestic Market Totalling SAR3.5bn (US$930m) The Saudi Real Estate Refinance Company (SRC), the Sharia’a…
Bank Sukuk – GIB KSA Debut SAR1.5bn (US$400m) Sukuk
New Entrant Gulf International Bank (GIB Saudi Arabia) Issues Maiden SAR1.5bn (US$400m) Tier II Sukuk to Finance its Ambitious Growth Strategy in Saudi Arabia especially in Infrastructure ProjectsThere is no…
Sovereign Wealth Funds – PIF Debut US$3.5bn Sukuk
Saudi Arabia’s Public Investment Fund Entry into International Sukuk Market with Maiden US$3.5bn Offering Set to be a Gamechanger for Primary Sukuk Origination in 2024When one of the world’s top…