NEWS in BRIEF
Turkish Treasury Keeps Domestic Sovereign Sukuk Al Ijarah Auctions Momentum Going in March and April 2022 with Aggregate Volume Reaching TRY34,057.9m (US$2,321.2m) in Q1 2022Ankara – Sovereign domestic currency lease…
Saudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues in April 2022 with a Two-Tranche SAR9.98bn (US$2.7bn) Issuance Bringing Aggregate Issuances in Q1 2022 to SAR36.36bn (US$9.69bn)
The National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) Saudi Arabia continued its consecutive monthly Sukuk issuance under its Saudi Riyal-denominated Sukuk Issuance Programme with a…
Kuwait’s Boubyan Bank Returns to International Market with a Benchmark US$500m Senior Unsecured Wakala/Murabaha Sukuk Issuance in March 2022
Kuwaiti Islamic bank, Boubyan Bank, returned to the international market with a benchmark US$500 million Senior Unsecured Wakala/Murabaha Sukuk issuance in March 2022.In a disclosure to Boursa Kuwait (the Kuwait…
First Abu Dhabi Bank Closes its Latest US$500m Sukuk at the Tightest Spread Ever Achieved by the Bank or any Other MENA Bank on a Public Fixed Rate Bond or Sukuk
First Abu Dhabi Bank (FAB), the UAE’s largest bank in terms of assets, issued its first public debt transaction in 2022 with a benchmark US$500 million fixed rate Sukuk issuance…
Gulf Finance House Real Estate Entity Infracorp Issues Debut US$900m Green Mudaraba Sukuk to Accelerate Sustainable Infrastructure Development Growth Across MENA and South Asia
Sustainability and Green Sukuk continue to feature in the issuance landscape, albeit at a steady but slow pace, with the debut benchmark US$900 million Green Sukuk Mudaraba by Manama-based Infracorp,…
Bank Negara Malaysia Launches Landmark Malaysia Islamic Overnight Rate (MYOR-i), the World’s First Islamic Benchmark Reference Rate
Bank Negara Malaysia Launches Landmark Malaysia Islamic Overnight Rate (MYOR-i), the World’s First Islamic Benchmark Reference Rate Bank Negara Malaysia (BNM) launched the landmark Malaysia Islamic Overnight Rate (MYOR-i) on 25…
DDCAP Group™ supports Boubyan Bank, Kuwait to complete its Digital Deal Automation Project
Press Release - 31 March 2022 DDCAP Group™ supports Boubyan Bank, Kuwaitto complete its Digital Deal Automation Project Location: Kuwait City, London Through the application of our award-winning Sharia’a compliant…
News in Brief
Turkish Treasury conducts three domestic Sovereign Sukuk Al Ijarah auctions in January and February 2022 of CPI indexed lease certificates, fixed rate lease certificates and gold-backed lease certificates Ankara –…
Saudi NDMC domestic Sovereign Sukuk issuance momentum continues in February and March 2022 with an aggregate SAR23.6bn (US$6.3bn) of regular offerings and SAR26.2bn (US$6.98bn) through a standalone Sukuk to unify sovereign domestic issuances
The National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) Saudi Arabia issued its second and third consecutive monthly Sukuk issuance under its Saudi Riyal-denominated Sukuk Issuance…
Nigeria scales up its Sukuk issuance policy and capacities with a debut infrastructure linked issuance by the Federal Capital Territory and an international issuance edging closer
The Federal Government of Nigeria (FGN) is enhancing its Sukuk issuance policy and seems to be edging towards issuing its first offering in the international market in addition to more…