DDCAP’s Sharia’a Compliant Automated Trade and Post Trade Services Platform, ETHOSTerminal™, Gains Market Traction as Fintech and Digitalisation Solutions Bring Transactional Flexibility and Additional Integration Functionality to IF Clients

Global trade has been more resilient during the COVID-19 pandemic than during the 2008-09 global financial crisis. According to the World Trade Organisation (WTO) in its latest World Trade Report…

Continue ReadingDDCAP’s Sharia’a Compliant Automated Trade and Post Trade Services Platform, ETHOSTerminal™, Gains Market Traction as Fintech and Digitalisation Solutions Bring Transactional Flexibility and Additional Integration Functionality to IF Clients

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…

Continue ReadingSaudi 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)

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…

Continue ReadingKuwait’s Boubyan Bank Returns to International Market with a Benchmark US$500m Senior Unsecured Wakala/Murabaha Sukuk Issuance in March 2022  

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…

Continue ReadingFirst 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

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,…

Continue ReadingGulf Finance House Real Estate Entity Infracorp Issues Debut US$900m Green Mudaraba Sukuk to Accelerate Sustainable Infrastructure Development Growth Across MENA and South Asia

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…

Continue ReadingBank Negara Malaysia Launches Landmark Malaysia Islamic Overnight Rate (MYOR-i), the World’s First Islamic Benchmark Reference Rate

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…

Continue ReadingSaudi 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

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…

Continue ReadingNigeria 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