Saudi NDMC Issues Fourth Consecutive Monthly Domestic Sukuk with SAR11.7bn(US$3.1bn) Offering in April as Total for First Four Months 2021 Tops Record SAR30.6bn (US$8.2bn)

The National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) issued its fourth consecutive monthly issuance of Riyal-denominated sovereign Sukuk with a two-tranche SAR11,713 million (US$3,123 million)…

Continue ReadingSaudi NDMC Issues Fourth Consecutive Monthly Domestic Sukuk with SAR11.7bn(US$3.1bn) Offering in April as Total for First Four Months 2021 Tops Record SAR30.6bn (US$8.2bn)

Malaysian SWF Khazanah Nasional Returns to International US Dollar Market with a Dual-Tranche US$1bn Sukuk Issuance After Absence of Five Years

No sooner had the Government of Malaysia’s pioneering maiden US$1.3 billion Sustainability Sukuk marked the market in April 2021, the country’s sovereign wealth fund (SWF), Khazanah Nasional Berhad launched its…

Continue ReadingMalaysian SWF Khazanah Nasional Returns to International US Dollar Market with a Dual-Tranche US$1bn Sukuk Issuance After Absence of Five Years

Malaysia’s Securities Commission Issues Tough New Corporate Governance Measures with Immediate Effect to Boost Board Policies, Composition, Effectiveness and to Address Sustainability Risks and Opportunities

With a motley of directives relating to ESG, SDG, Climate-related, Sustainability, Diversity and Corporate Governance emanating in recent times from the various gatekeepers of international finance and regulators, the Securities…

Continue ReadingMalaysia’s Securities Commission Issues Tough New Corporate Governance Measures with Immediate Effect to Boost Board Policies, Composition, Effectiveness and to Address Sustainability Risks and Opportunities

DIB Maintains its Perpetual Sukuk Issuance with US$500m Offering in April at Lowest Ever Pricing for a GCC Bank Additional Tier 1 Instrument

Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE in terms of assets and a prolific issuer of Sukuk, successfully priced its latest benchmark US$500 million Perpetual Non-Call…

Continue ReadingDIB Maintains its Perpetual Sukuk Issuance with US$500m Offering in April at Lowest Ever Pricing for a GCC Bank Additional Tier 1 Instrument

Malaysia’s Return to International Market with US$1.3bn Sukuk in April 2021 Set to Boost ESG/Sustainability Issuances by Sovereigns

After an absence of over four years the Government of Malaysia (GOM) returned to the international Sukuk market on 22 April 2021 with yet another first - this time with…

Continue ReadingMalaysia’s Return to International Market with US$1.3bn Sukuk in April 2021 Set to Boost ESG/Sustainability Issuances by Sovereigns

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 ReadingSaudi 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 ReadingICM 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…

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