Debutante State-owned Issuer Omantel Finally Closes its Maiden Benchmark US$500m Sukuk in January 2024 After Short Delay Last October as Global Sukuk Market Set to Flourish Substantially in 2024Debutante issuer,…
Abu Dhabi’s ESIC Successfully Issues Second Benchmark Senior Unsecured US$700m Wakala/Murabaha Sukuk After an Absence of Five Years from the US Dollar MarketAfter an absence of almost five years, Emirates…
QIIB Returns to International Sukuk Market in January 2024 with Benchmark US$500m Offering as Sustainability Sukuk Continues to Gain Market Momentum Qatar International Islamic Bank (QIIB), a regular issuer of…
SEC Successfully Closes Second Big Ticket Dual Tranche Sukuk in the US Dollar Market in Less Than a Year Saudi Electricity Company (SEC), the Kingdom’s power generation utility, returned to…
The Republic of Philippine Finally Completes its Inaugural 5.5-year US$1bn Sukuk Wakala/Ijara/Tawarruq in December 2023 as it Targets More Issuances in the Future to Tap Investors from the GCCManila –…
Saudi NDMC Closes 2023 on a High Note with a Two-tranche SAR10.6bn (US$2.81bn) Sukuk as it Consolidates Domestic Sovereign Sukuk Issuance for 2024 with a Full Calendar of Monthly Auctions…
UAE’s Largest Bank, First Abu Dhabi Bank (FAB), Kicks off International Sukuk Issuance Season with a Benchmark US$800m Sukuk Offering in Early January 2024 Every January, there is a scramble…
KFH Returns to International Sukuk Market with US$1bn Tier I Sukuk in January 2024 The months of December 2023 and January 2024 have seen an unprecedented proliferation of Sukuk issuances…
SRC Keeps Sukuk Issuance Momentum Going with Seventh and Eighth Mudaraba/Murabaha Fixed Rate Offerings in the Domestic Market Totalling SAR3.5bn (US$930m) The Saudi Real Estate Refinance Company (SRC), the Sharia’a…
New Entrant Gulf International Bank (GIB Saudi Arabia) Issues Maiden SAR1.5bn (US$400m) Tier II Sukuk to Finance its Ambitious Growth Strategy in Saudi Arabia especially in Infrastructure ProjectsThere is no…