Read more about the article <strong>Saudi Investment Bank (SAIB) Closes Second Perpetual Sukuk Issuance – a SAR500m Offering – in 6 Months Raising a Total SAR2.5 bn (US$660m) Through Private Placement</strong>

Saudi Investment Bank (SAIB) Closes Second Perpetual Sukuk Issuance – a SAR500m Offering – in 6 Months Raising a Total SAR2.5 bn (US$660m) Through Private Placement

Sukuk issuance momentum in the Saudi Arabian banking sector continues in earnest underlining the fact that Sukuk issuance remains the preferred mode of fund raising, refinancing and Tier I capital…

Continue ReadingSaudi Investment Bank (SAIB) Closes Second Perpetual Sukuk Issuance – a SAR500m Offering – in 6 Months Raising a Total SAR2.5 bn (US$660m) Through Private Placement
Read more about the article Emirates Islamic Successfully Closes UAE’s First Local Currency AED1bn (AED272.3m) Sukuk as Dirham-denominated Debt Papers Flourish Among Bank Issuers

Emirates Islamic Successfully Closes UAE’s First Local Currency AED1bn (AED272.3m) Sukuk as Dirham-denominated Debt Papers Flourish Among Bank Issuers

Banks in the UAE seem to be turning to raising funds from issuing domestic debt instruments denominated in dirhams, as demand for local currency debt papers increase.In the last few…

Continue ReadingEmirates Islamic Successfully Closes UAE’s First Local Currency AED1bn (AED272.3m) Sukuk as Dirham-denominated Debt Papers Flourish Among Bank Issuers
Read more about the article <strong>DIB Continues its Sustainability Issuer Advantage in the UAE Market with US$1bn Sustainable Sukuk Issuance in February 2023 – the Second Such issuance in Two Months</strong>

DIB Continues its Sustainability Issuer Advantage in the UAE Market with US$1bn Sustainable Sukuk Issuance in February 2023 – the Second Such issuance in Two Months

Dubai Islamic Bank (DIB), one of the most prolific and regular issuers of Sukuk by a financial institution and the largest Islamic bank in the UAE in terms of assets,…

Continue ReadingDIB Continues its Sustainability Issuer Advantage in the UAE Market with US$1bn Sustainable Sukuk Issuance in February 2023 – the Second Such issuance in Two Months
Read more about the article <strong>Market Welcomes Egypt’s Entry into Global Sukuk Market with Maiden US$1.5bn Issuance in February 2023 with Robust Optimism Tempered with Subdued Caution</strong>

Market Welcomes Egypt’s Entry into Global Sukuk Market with Maiden US$1.5bn Issuance in February 2023 with Robust Optimism Tempered with Subdued Caution

After almost three years of deliberations, the Egyptian Government finally went to the international market in February 2023 successfully closing its maiden US dollar Sukuk issuance – a US$1.5 billion…

Continue ReadingMarket Welcomes Egypt’s Entry into Global Sukuk Market with Maiden US$1.5bn Issuance in February 2023 with Robust Optimism Tempered with Subdued Caution
Read more about the article <strong>Saudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues with First SAR3,465.6m (US$923.3m) Sukuk in 2023, on the Back of a Record US$32.53bn of Sovereign Sukuk Offerings in 2022</strong>

Saudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues with First SAR3,465.6m (US$923.3m) Sukuk in 2023, on the Back of a Record US$32.53bn of Sovereign Sukuk Offerings in 2022

These are exciting times for the issuance of sovereign domestic Sukuk. There is no doubt that the National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) is…

Continue ReadingSaudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues with First SAR3,465.6m (US$923.3m) Sukuk in 2023, on the Back of a Record US$32.53bn of Sovereign Sukuk Offerings in 2022
Read more about the article <strong>Saudi Arabia’s ACWA Power Launches Second Domestic SAR1.8bn (US$480m) Sukuk Offering in January 2023 to Finance its Rapidly Expanding Energy Transition Business</strong>

Saudi Arabia’s ACWA Power Launches Second Domestic SAR1.8bn (US$480m) Sukuk Offering in January 2023 to Finance its Rapidly Expanding Energy Transition Business

ACWA Power, in which the Saudi sovereign wealth fund, Public Investment Fund (PIF), has a 50% equity stake, returned to the Sukuk market on 10 January 2023 with the launch…

Continue ReadingSaudi Arabia’s ACWA Power Launches Second Domestic SAR1.8bn (US$480m) Sukuk Offering in January 2023 to Finance its Rapidly Expanding Energy Transition Business
Read more about the article <strong>First Abu Dhabi Bank (FAB) Kicks off International Sukuk Issuance with a Benchmark US$500m RegS Offering in January 2023 followed by a US$600m Bond, Raising an Aggregate US$1.1bn</strong>

First Abu Dhabi Bank (FAB) Kicks off International Sukuk Issuance with a Benchmark US$500m RegS Offering in January 2023 followed by a US$600m Bond, Raising an Aggregate US$1.1bn

Each January, there is a scramble as to which institution will be the first to issue a Sukuk in the international market in that respective year. Usually, it is a…

Continue ReadingFirst Abu Dhabi Bank (FAB) Kicks off International Sukuk Issuance with a Benchmark US$500m RegS Offering in January 2023 followed by a US$600m Bond, Raising an Aggregate US$1.1bn
Read more about the article <strong>Nigerian DMO Completes Fifth Road Infrastructure Ring-fenced Domestic Sovereign Sukuk Ijarah Raising ₦130bn (US$280m) Amidst Robust Investor Over-subscription</strong>

Nigerian DMO Completes Fifth Road Infrastructure Ring-fenced Domestic Sovereign Sukuk Ijarah Raising ₦130bn (US$280m) Amidst Robust Investor Over-subscription

The Federal Government of Nigeria (FGN) continued to build up a yield curve for its naira-denominated FGN Sovereign Domestic Sukuk with its fifth offering to date on 2 December 2022…

Continue ReadingNigerian DMO Completes Fifth Road Infrastructure Ring-fenced Domestic Sovereign Sukuk Ijarah Raising ₦130bn (US$280m) Amidst Robust Investor Over-subscription
Read more about the article <strong>Launch of Malaysian Islamic Digital Banks, Rize and AEON Digital, Will Capitalise on Prime Mover Advantage in a Potential US$10bn Market</strong>

Launch of Malaysian Islamic Digital Banks, Rize and AEON Digital, Will Capitalise on Prime Mover Advantage in a Potential US$10bn Market

Will 2023 be the year when the establishment of Islamic digital banks proliferates? The launch in Malaysia of two high profile Islamic digital banks over the last few weeks backed…

Continue ReadingLaunch of Malaysian Islamic Digital Banks, Rize and AEON Digital, Will Capitalise on Prime Mover Advantage in a Potential US$10bn Market