IFN Service Provider of the year 2021 for Best Interbroker For Islamic Transactions – 13th October 2021

DDCAP is delighted to have been awarded Best Interbroker in the IFN 2021 Service Provider Awards. In formally announcing this accolade on 12th October 2021, IFN commented that ‘for the…

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NEWS in BRIEF

Islamic Development Bank Group Approves Additional US$1.2bn in Funding Commitments at its 2021 Annual Meetings in Tashkent in September 2021 to Support Post-pandemic Economic Recovery among its Member Countries.Tashkent -…

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Saudi NDMC Issues Eighth Consecutive Monthly Domestic Sukuk in August as Total for January-August 2021 passes SAR59.55bn (US$15.87bn)

The National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) issued its eighth consecutive monthly issuance of Riyal-denominated sovereign Sukuk with a three-tranche SAR11,358.615 million (US$3,028.18 million)…

Continue Reading Saudi NDMC Issues Eighth Consecutive Monthly Domestic Sukuk in August as Total for January-August 2021 passes SAR59.55bn (US$15.87bn)

Uzbekistan Leverages IsDB Development Funding Partnership as Template for Other Countries as Tashkent Closes in on Introducing New Legal and Regulatory Framework to Facilitate Islamic Finance

It certainly helps when you host the Annual Meetings of the Islamic Development Bank (IsDB) Group and you are in the middle of an ambitious economic and socio-political reform agenda.…

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Robust Investor Demand Allows AUB Bahrain to Upsize Benchmark Fixed Rate US$600m Senior Sukuk as Global Issuance in 2021 Heads for Another Record Year

It is not only sovereign Sukuk issues that are keeping the momentum of Sukuk issuance in 2021, but also, multilateral, corporate and bank offerings, which thus far strongly point to…

Continue Reading Robust Investor Demand Allows AUB Bahrain to Upsize Benchmark Fixed Rate US$600m Senior Sukuk as Global Issuance in 2021 Heads for Another Record Year

BNM Joins BIS and Three Peer Central Banks to Test the Use of Central Bank Digital Currencies for International Settlements

BNM Joins BIS and Three Peer Central Banks to Test the Use of Central Bank Digital Currencies for International SettlementsBank Negara Malaysia (BNM), together with three other prominent banking regulatory…

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After Record Total Offerings of US$205bn in 2020, Global Sukuk Issuances Set to Maintain its Buoyancy in 2021

The resilience of Sukuk issuance especially during times of crisis such as the ongoing COVID-19 pandemic, now well into its second year, continues in 2021 with total gross short and…

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Kuveyt Turk Returns to International Market with Turkey’s First-ever US$350m Sustainable Tier II Sukuk as Market Share of Islamic Finance Sector Edges Towards Eight Percent

Kuveyt Türk Katilim Bankasi (KTKB), the Turkish subsidiary of Kuwait Finance House and one of the largest participation banks in terms of assets, returned to the international Sukuk market in…

Continue Reading Kuveyt Turk Returns to International Market with Turkey’s First-ever US$350m Sustainable Tier II Sukuk as Market Share of Islamic Finance Sector Edges Towards Eight Percent