NEWS in BRIEF
International Finance Corporation Extends Maiden US$50m Murabaha Financing Facility to ADIB Egypt to On-lend to Local MSMEs, Corporates and to Fund Islamic Mortgages in Egypt Cairo – The International Finance…
International Finance Corporation Extends Maiden US$50m Murabaha Financing Facility to ADIB Egypt to On-lend to Local MSMEs, Corporates and to Fund Islamic Mortgages in Egypt Cairo – The International Finance…
Saudi NDMC Domestic Sovereign Sukuk Momentum Continues with Closure of SAR6.1bn (US$668.5m) of Sukuk Issuances in July and August 2023, as Aggregate Issuance Tops a Staggering US$22.5bn in the January-August…
First Abu Dhabi Bank Revives Green Sukuk Issuance with Maiden AED1.3bn (US$350m) Offering in July 2023 Green Sukuk issuance continues to gain traction in the international market albeit the volume…
The GCC’s Largest Integrated Dairy and Food Producer and Exporter Almarai Company Returns to International Market with Benchmark US$750m Senior Murabaha/Ijarah Sukuk The Saudi-based Almarai Company, the largest integrated dairy…
Saudi Residential Property Developer Dar Al Arkan (DAAR) Taps International Sukuk Market with Benchmark US$600m Sukuk Offering in July 2023 The Dar Al Arkan Real Estate Development Company (DAAR), the…
Türkiye Treasury Consolidates Fixed Rate Sukuk Al-Ijarah Issuances Through Three Transactions in July and August 2023 in the Domestic and International Markets Raising an Aggregate US$1.31bn on the Back of…
Securities Commission Malaysia (SC) Launches FIKRA ACE Platform to Enhance the Islamic Capital Market Ecosystem by Facilitating the Development of Islamic Fintech Through a Structured Approach Kuala Lumpur – The…
The National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) successfully closed its sixth consecutive monthly domestic sovereign Sukuk issuance on 13th June 2023 raising an aggregate…
The Kuwait Projects Holding Company (KIPCO), one of Kuwait’s largest multi-sectoral investment companies, successfully completed its maiden Sukuk issuance of KD103.1 million (US$335.8 million) in June 2023. Kuwait is a…
Abu Dhabi Islamic Bank (ADIB), one of the largest Islamic financial institutions in the UAE and the Gulf Cooperation Council (GCC) region, successfully returned to the international market in July…