Malaysia’s Innovative ‘People’s’ Sukuk Prihatin Aims to Connect Citizens Contribution to COVID-19 Economic Recovery

It is unusual for a sovereign issuer to issue debt papers in the name of patriotism and nationalism. But then the COVID-19 pandemic has unleashed unusual circumstances and demands on…

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Government of Dubai Returns to International Sukuk Market with a US$1bn COVID-19 Mitigation Issuance

The twin effects of the COVID-19 pandemic and the sharp decline in crude oil prices has impacted the fiscal and growth challenges in the Gulf Cooperation Council (GCC) countries. The…

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Saudi Electricity Company hires banks to arrange investor call for potential green sukuk – Published by Salaam Gateway – 9th September 2020

Saudi Electricity Company has hired banks to arrange an investor call for a potential debut international green sukuk, according to a document from one of the banks seen by Salaam…

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SABB Issues SAR5bn Tier II Sukuk as Kingdom’s Independent Securities Clearing Centre Company (Muqassa) Gears to Start Operations at end August 2020

The Saudi British Bank (SABB) is the latest Saudi bank to raise funds from the market through a Sukuk issuance. SABB, in a disclosure to the Saudi Stock Exchange (Tadawul),…

Continue ReadingSABB Issues SAR5bn Tier II Sukuk as Kingdom’s Independent Securities Clearing Centre Company (Muqassa) Gears to Start Operations at end August 2020

Saudi Government Raises SAR35.65bn (US$9.5bn) via new Issuance and Refinancing in July 2020 Through Six Sukuk Istithmar Tranches Under Two Separate Issuance Programmes

Saudi Arabia’s reliance on domestic sovereign Sukuk issuance as part of its public debt strategy increased sharply with The National Debt Management Center (NDMC) of the Ministry of Finance (MoF)…

Continue ReadingSaudi Government Raises SAR35.65bn (US$9.5bn) via new Issuance and Refinancing in July 2020 Through Six Sukuk Istithmar Tranches Under Two Separate Issuance Programmes

Securities Commission Malaysia Consults on Digital Asset Wallet Framework as it’s Shariah Advisory Council in a Landmark Resolution Approves Trading of Digital Assets

The rapid evolution of FinTech is forcing regulators to keep up with developments so that they and their constituents – corporate and retail customers – do not get left behind…

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Public Debt Sukuk Issuances Hold Key to Market Growth in COVID-19 Affected 2020 as Primary Sukuk Issuances Reached a Record US$146bn in 2019

While the year 2019 was a record year for primary Sukuk issuance, the year 2020 seems to be cautiously holding its own despite the economic and health impact of COVID-19…

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UK Government on Track for Second Sukuk Issuance “in the Near Future” as HM Treasury Sees Growing Role for IF in Post-Brexit and COVID-19 Recovery Dispensation

The UK Government remains committed to issuing a second sovereign Sukuk “in the near future” confirmed an HM Treasury spokesperson in an interview with Mushtak Parker. “Last year the Government…

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