Saudi MoF Sustains Monthly Domestic Sukuk Issuance in November as Overall Volume Rises to Over SAR85bn (US$22.64bn) for the First Eleven Months of 2020

The National Debt Management Center (NDMC) of the Saudi Ministry of Finance (MoF) continued with its monthly domestic sovereign Sukuk issuance in November 2020 with a two-tranche offering totalling SAR794.5…

Continue ReadingSaudi MoF Sustains Monthly Domestic Sukuk Issuance in November as Overall Volume Rises to Over SAR85bn (US$22.64bn) for the First Eleven Months of 2020

Oman Sovereign Domestic Sukuk Issuance Gathers Pace with Two Offerings in November 2020 Totalling OMR233m Including a Sukuk Targeted to Retail Investors

The Government of Oman represented by the Ministry of Finance (MoF) returned to the market in November 2020 with two Omani Rial Sukuk issuances – one an institutional and the…

Continue ReadingOman Sovereign Domestic Sukuk Issuance Gathers Pace with Two Offerings in November 2020 Totalling OMR233m Including a Sukuk Targeted to Retail Investors

KIB Returns to International Market After an Absence of More than 12 Months with a US$300m Subordinated Tier II Sukuk Wakalah Issuance

Kuwait International Bank (KIB), formerly the Kuwait Real Estate Bank which converted into a fully Sharia’a-compliant institution, returned to the Sukuk market on 22 November 2020 after an absence of…

Continue ReadingKIB Returns to International Market After an Absence of More than 12 Months with a US$300m Subordinated Tier II Sukuk Wakalah Issuance

Malaysia’s Mortgage Securitiser Cagamas Keeps Sukuk Issuance Momentum Going with Flurry of Offerings in November 2020 totalling RM2.5bn

Cagamas Berhad, the National Mortgage Corporation of Malaysia, one of the most prolific issuers of Sukuk, continued its debt paper issuance on 23 November 2020 with a combined 2-tranche offering…

Continue ReadingMalaysia’s Mortgage Securitiser Cagamas Keeps Sukuk Issuance Momentum Going with Flurry of Offerings in November 2020 totalling RM2.5bn

Stella Cox CBE was privileged to participate in the two part webinar ‘‘Millennials, ESG and their impact on Islamic Finance’ hosted by Kestrl and Samak Ethical Finance Ltd. – 10th November 2020

Stella Cox CBE was privileged to participate in the two part webinar ‘‘Millennials, ESG and their impact on Islamic Finance’ hosted by Kestrl and Samak Ethical Finance Ltd.Samak Ethical Finance…

Continue ReadingStella Cox CBE was privileged to participate in the two part webinar ‘‘Millennials, ESG and their impact on Islamic Finance’ hosted by Kestrl and Samak Ethical Finance Ltd. – 10th November 2020

IsDB and ICIEC Launch US$2bn Trade and Investment Guarantee Facility to Support Private Sector Recovery from COVID-19 Disruption

One of the unfortunate consequences of the economic impact of the COVID-19 pandemic is the severe disruption of private sector trade and commercial business, including that of small-and-medium-sized enterprises (SMEs),…

Continue ReadingIsDB and ICIEC Launch US$2bn Trade and Investment Guarantee Facility to Support Private Sector Recovery from COVID-19 Disruption

Saudi Government Sustains Monthly Domestic Sukuk Issuance in October as Overall Volume Rises to SAR84,243.5 million (US$22,462.13 million) for the First Ten Months of 2020

The National Debt Management Center (NDMC) of the Saudi Ministry of Finance (MoF) continued with its monthly domestic sovereign Sukuk issuance in October 2020 with a two-tranche offering totalling SAR270…

Continue ReadingSaudi Government Sustains Monthly Domestic Sukuk Issuance in October as Overall Volume Rises to SAR84,243.5 million (US$22,462.13 million) for the First Ten Months of 2020

ICD Returns to Market after Absence of Four Years with a Benchmark US$600m Sukuk to Help Member Countries’ Private Sector Recover from COVID-19 Impact

The Islamic Corporation for the Development of the Private Sector (ICD), the private sector funding arm of the Islamic Development Bank (IsDB) Group, successfully issued its latest Sukuk offering in…

Continue ReadingICD Returns to Market after Absence of Four Years with a Benchmark US$600m Sukuk to Help Member Countries’ Private Sector Recover from COVID-19 Impact