NEWS in BRIEF
IsDB Board Approves US$478 mn of New Development Financing in Four Member States to Fund Sustainable Development Projects in Key Sectors such as Energy, Education, Transport, and the SMEsRiyadh –…
IsDB Board Approves US$478 mn of New Development Financing in Four Member States to Fund Sustainable Development Projects in Key Sectors such as Energy, Education, Transport, and the SMEsRiyadh –…
IsDB Governors Target Greater Role in Sukuk Market and Deepening Islamic Capital Markets, Increased Concessional Funding, Greater International Partnerships and Intra-OIC Trade in the Next 50 YearsAs far as the…
Aldar Investment Properties Issues Second Benchmark US$500m Green Sukuk Wakala/Murabaha in May 2024 in Support of its Growth Agenda and Net Zero and Sustainability Commitments Abu Dhabi-based Aldar Investment Properties,…
Al Rajhi Bank Raises Aggregate US$2bn in Two Consecutive Sustainable Sukuk Wakala Transactions of US$1bn Each in March and May 2024 Al Rajhi Bank, the largest Islamic bank in the…
IsDB Starts its 2024 Issuance Calendar with a US$2bn SOFR Linked Public Sustainable Sukuk Wakala in May 2024 to Fund ESG Projects in Member States in Climate Action, Poverty Alleviation,…
Big Ticket Murabaha Syndications Increasingly Match Attractiveness and Demand of Sukuk as Fund-raising Instrument as NEOM Enters Market with Maiden SAR10bn (US$2.67bn) Transaction at End AprilThe tried and tested, and…
Publication of Saudi Arabia’s Ambitious Green Finance Framework Raises Prospects of Significant Increase in Islamic Green and ESG Sukuk and Murabaha Syndications Riyadh – The Saudi Ministry of Finance published…
Big Ticket Syndicated Murabaha Transactions Flourish in the GCC in March/April 2024 with Five Transactions Totalling US$1.33bn Successfully CompletedBig ticket Murabaha transactions including syndications flourished during the months of March…
Saudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues with Closure of Three-tranche SAR7.41bn (US$1.97bn) Sukuk in April 2024, as Aggregate for First Four Months 2024 Reaches SAR29.40bn (US$7.83bn) Through Four…
Malaysian ICM Consolidates its Resilience and Dominance of the Overall Capital Market in 2023 Accounting for 64% Market Share with a Total Size of RM2,426.77bn (US$507.91bn) and CAGR of 4.5%For…