NEWS in BRIEF
Obituary – Wan Abdul Rahim Kamil Wan MuhammedWritten by Mushtak ParkerA Fond Farewell to IF Pioneer Wan Abdul Rahim Kamil 1949-2024Kuala Lumpur - The global Islamic finance community mourns the…
Sovereign Domestic Sukuk – Saudi Arabia
NDMC Continues its Sovereign Domestic Sukuk Issuance Momentum in July 2024 with SAR3.21bn (US$855.39mn) Offering as Aggregate Volume of Issuances Reach SAR40.2bn (US$10.7bn) in 2024 to DateThe National Debt Management…
Corporate Sukuk – Emkan Finance Sukuk Mudaraba
Saudi Fintech Entity Emkan Finance Issues Second Sukuk in 2024 in August Through a Private Placement Followingits Benchmark SAR2.3bn (US$604.6mn) Senior Sukuk Mudaraba in FebruaryEmkan Finance, a leading Saudi fintech…
Education Financing – DIB/Mashreq US$3.25bn Facility
DIB/Mashreq-led Consortium Arranges Landmark US$3.25bn Hybrid Islamic/Conventional Sustainability-linked Financing Facility for GEMS Education to Part Fund a Leveraged Buyout A consortium of UAE-based banks, led by Dubai Islamic Bank (DIB)…
Financing Electric Cars & Transport – Evolving IF Playbook
Islamic Banks Gear Up to Promising EV and Hybrid Car Market with Innovative Green Vehicle Finance and Charging Hubs in Support of Sustainability and Transition to Clean Energy Net Zero…
Sovereign Sukuk – Saudi Arabia’s SAH Retail Savings Sukuk
Saudi NDMC Issues Sixth Round of its Popular Government Guaranteed SAH Retail Savings Sukuk to Bolster Financial Inclusion and to Encourage Savings Among Citizens The Saudi Ministry of Finance, through…
Bank Sukuk – QIIB US$250mn Sustainability Oryx Sukuk
QIIB Returns to Global Market in July with US$250mn Tap Sukuk Offering Boosting Original Issuance to US$750mn as Sustainability Sukuk Continues to Gain Market Momentum Qatar International Islamic Bank (QIIB),…