NEWS in BRIEF

SHUAA Capital Arranges US$50m ‘First-of-its-Kind’ Structured Sukuk for ESG Technology-enabled Agribusiness PHSF Dubai – UAE-based asset management company, SHUAA Capital, arranged a US$50 million Structured Sukuk on 15 March 2021…

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Saudi NDMC Issues Third Consecutive Monthly Domestic Sukuk with SAR7.7bn (US$2.05bn) Offering in March as Total for First Three Months 2021 Tops Record SAR18.22bn (US$5.04bn)

The National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) issued its third consecutive monthly issuances of Riyal-denominated sovereign Sukuk with a two-tranche SAR7,673.80 million (US$2,046.11 million)…

Continue Reading Saudi NDMC Issues Third Consecutive Monthly Domestic Sukuk with SAR7.7bn (US$2.05bn) Offering in March as Total for First Three Months 2021 Tops Record SAR18.22bn (US$5.04bn)

ICM Continues its Resilience and Dominance in RM3.4 Trillion Malaysian Capital Market Despite Impact of COVID-19 in 2020 Surpassing RM2.3 Trillion with 66% Market Share

Despite the impact of COVID-19, the Malaysian capital market showed its resilience by registering an overall 7% growth in 2020 compared with 3% in 2019. According to the 2020 Annual…

Continue Reading ICM Continues its Resilience and Dominance in RM3.4 Trillion Malaysian Capital Market Despite Impact of COVID-19 in 2020 Surpassing RM2.3 Trillion with 66% Market Share

IsDB Issues Largest Ever US$2.5bn Sustainability Sukuk as Part of its Wide-ranging Response to COVID-19 Economic Recovery in Member Countries

The Islamic Development Bank (IsDB), the multilateral development bank (MDB) of the OIC (Organisation of Islamic Cooperation) countries, successfully priced its first public debt issuance in 2021 – a US$2.5…

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HM Treasury Takes Market by Surprise with Quick Turnaround of UK’s Second Sovereign STG500m Sukuk Issuance at a “Good Price for the Taxpayer”

HM Treasury marched to market the UK’s second sovereign Sukuk – a 5-year benchmark STG500 million Sukuk Ijara on 25 March 2021, following an absence of 7 years from the…

Continue Reading HM Treasury Takes Market by Surprise with Quick Turnaround of UK’s Second Sovereign STG500m Sukuk Issuance at a “Good Price for the Taxpayer”

NEWS in BRIEF

Malaysia’s Mortgage Securitiser Cagamas Raises RM945m in Second Monthly Hybrid Sukuk/Bond Issuance in First Two Months of 2021 to Fund Purchases of Housing and Commercial MortgagesKuala Lumpur – Cagamas Berhad,…

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Saudi NDMC Issues Second Consecutive Monthly Domestic Sukuk with SAR3,160m (US$842.47m) Offering in February as Total for First Two Months 2021 Tops SAR11,216m (US$2,990.23m)

The National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) continued its consecutive monthly issuances of Riyal-denominated sovereign Sukuk with a two-tranche SAR3,160 million (US$842.47 million) offering…

Continue Reading Saudi NDMC Issues Second Consecutive Monthly Domestic Sukuk with SAR3,160m (US$842.47m) Offering in February as Total for First Two Months 2021 Tops SAR11,216m (US$2,990.23m)

‘Big Three’ Rating Agencies See Noticeable Increase in Islamic Finance Assets and Uptake in Africa in 2021 as South Africa Confirms Intention to Issue Debut Rand Sukuk

“Following a successful issuance in global capital markets in 2014, the National Treasury will issue a domestic rand-denominated Islamic Sukuk in 2021/22 to diversify funding sources and reach new investors,”…

Continue Reading ‘Big Three’ Rating Agencies See Noticeable Increase in Islamic Finance Assets and Uptake in Africa in 2021 as South Africa Confirms Intention to Issue Debut Rand Sukuk

Islamic Financial Institutions Launch Innovative Additional Measures in Mitigating COVID-19 Disruption Including Customer Debt Write-offs and Healthcare-related Investment Notes

Sometimes adversity brings out the best in society. The health, economic and social impact of COVID-19 has been painful for all countries. Governments have responded with rescue packages and with…

Continue Reading Islamic Financial Institutions Launch Innovative Additional Measures in Mitigating COVID-19 Disruption Including Customer Debt Write-offs and Healthcare-related Investment Notes