NEWS in BRIEF
NDMC Launches May and June 2025 Rounds of Saudi Arabian Government Guaranteed SAH Retail Savings Sukuk at a Profit Rate of 4.76% and 4.66% Riyadh – Saudi Arabia’s National Debt…
Sovereign Domestic Sukuk – Saudi Arabia
NDMC Sustains Saudi Riyal Sovereign Sukuk Issuance in June 2025 with a 5-Tranche Offering Totalling SAR2.36bn (USD628mn) and Bringing the Aggregate Issuance for the FH 2025 to SAR19,581.1bn (USD5,221.2mn)The National…
Sovereign Domestic Sukuk – UAE Treasury T-Sukuk
UAE Government Domestic Treasury T-Sukuk Momentum Continues in 2025 with Successful Auction on 24 June Raising an Aggregate AED1.1bn (USD300mn) with a Subscription Orderbook of AED6.21bn (USD1.69bn)The dirham-denominated Islamic Treasury…
Real Estate Development – DAAR SAR2.812bn (USD750mn) Sukuk
Leading Saudi Residential Property Developer Dar Al Arkan (DAAR) Taps International Sukuk Investor Market with Latest Benchmark SAR2.812bn (US$750m) Sukuk Ijara/Murabaha Issue in June 2025 Amid Robust DemandSaudi Arabia’s leading…
Bank Sukuk – Warba Bank Perpetual AT1 USD250mn Sukuk Mudaraba
Kuwait’s Warba Bank Forays into International Market with Latest Perpetual Additional Tier 1 Capital USD250mn Sukuk Mudaraba Offering to Boost its Capital Under Basel III Compliant Capital Requirements Kuwait’s part-state-owned…
Bank Sukuk – QIB USD750mn Sukuk Wakala/Murabaha
Qatar Islamic Bank (QIB) Successfully Closes Second Benchmark USD750mn Sukuk Wakala/Murabaha in Nine Months at Tightest Profit Rate for a GCC Bank Originated Senior Unsecured 5-Year Issuance in 2025 Qatar…
Supranationals – IsDB USD1.20bn SOFR-linked Benchmark Sukuk
IsDB Closes Second SOFR-linked Public Sukuk Issuance in 2025 with a USD1.2bn Sukuk Wakala Amid Volatile International Market Conditions The Islamic Development Bank (IsDB), the multilateral development bank (MDB) of…
Sovereigns – Kingdom of Bahrain US1.75bn Sukuk Ijara/Murabaha
Kingdom of Bahrain Returns to the International Debt Market with a USD1.75bn Sukuk Ijara/Murabaha and a USD750mn Conventional Bond in May 2025 to Support its General Budgetary Requirements The Kingdom…
Sovereigns – Government of Egypt USD1bn Sukuk Ijara
Government of Egypt Returns to International Financial Market After an Absence of 2.5 Years with a Privately Placed USD1bn Sukuk Issuance Entirely Underwritten by KFH Despite Difficult Global Market ConditionsIt’s…
Sovereign Sukuk – Türkiye USD2.5bn Sukuk Al-Ijara
Türkiye Consolidates its Position as a Regular Issuer of Sukuk with Third US Dollar Transaction in Seven Months Through a USD2.5bn 5-Year Sukuk-Al-Ijara Offering in the International Financial Market in…