NEWS in BRIEF
NEWS in BRIEFIsDB Board Approves Substantial USD3bn of Comprehensive New Financing for 17 Member Countries Covering 20 Projects with a Focus on Francophone Markets and Euro-denominated FundingJeddah – In one…
Bank Sukuk – Riyad Bank USD750mn AT1 Sustainable Sukuk
Riyad Bank Returns to the International Market in September with a Repeat Perpetual USD750mn AT1 Capital Sustainable Mudaraba Sukuk as Such Offerings Flourish Among Islamic Banks in 2024Riyad Bank is…
Sovereign Domestic Sukuk – Saudi Arabia
NDMC Continues its Sovereign Domestic Sukuk Issuance Momentum in October 2024 through a 5-Tranche Auction Raising SAR7.83bn (USD2.1bn) as Volume of Issuances Reaches a Staggering SAR64.50bn (US$15.12bn) in the First…
Bank Sukuk – Dukhan Bank USD800mn Maiden Sukuk
New Entrant Qatar’s Dukhan Bank Joins Major GCC Islamic Banks in the International Financial Market with Debut USD800mn Sukuk Wakala/Murabaha Issuance to Boost Balance Sheet ActivitiesThe entry of the newish…
Sovereign Sukuk – Emirate of Sharjah USD750mn Sukuk
Government of Sharjah Returns to International Sukuk Market with Benchmark US$750m Murabaha/Ijara Sukuk in October 2024 Amid Strong Demand from InvestorsThe Government of Sharjah, through its Finance Department, returned to…
Sovereign Domestic Sukuk – UAE Treasury T-Sukuk
UAE Government Domestic Treasury T-Sukuk Momentum Continues with Auctions in September and October Raising an Aggregate AED2.2bn (USD600mn) as Total Volume of Issuances for January-October 2024 Tops AED10.5bn (US$2.85bn) Due…
Bank Sukuk – QIIB USD300mn AT1 Capital Sukuk
QIIB Returns to the International Financial Market in September with its Third Offering in 2024 of a USD300mn AT1 Capital Sukuk Bringing the Total Volume to USD1.05bnQatar International Islamic Bank…
Bank Sukuk – DIB USD500mn Benchmark Additional Tier 1 Sukuk
Dubai Islamic Bank (DIB) Closes Second Sukuk Transaction of 2024, a USD500mn Benchmark Perpetual AT1 Sukuk Mudarabah at the Lowest Yield by an EM Bank Since 2022If accolades are to…
Multilaterals – IsDB USD1.25bn SOFR Sustainability Sukuk
IsDB Closes its Second SOFR-linked Public Sukuk Issuance in 2024 with Hybrid USD1.25bn Sukuk Wakala/Murabaha/Mudarabah IssueThe Islamic Development Bank (IsDB), the multilateral development bank (MDB) of the 57-member OIC (Organisation…
Corporate Sukuk – Saudi Aramco USD3bn Sukuk
World’s Largest Oil Exporter Saudi Aramco Returns to the Global Sukuk Market in October 2024 After a 3-year Absence with a USD3bn Market Issuance Fillip to Re-establish its Sukuk Yield…