Read more about the article Saudi Central Bank Pushes Ahead with FinTech Facilitation in Saudi Banking and Payments Sector with Issuance of Four New Licences and Six New Sandbox Permits as Electronic Payments Exceed Cash for the First Time

Saudi Central Bank Pushes Ahead with FinTech Facilitation in Saudi Banking and Payments Sector with Issuance of Four New Licences and Six New Sandbox Permits as Electronic Payments Exceed Cash for the First Time

Further signs of the proliferation of FinTech in the Saudi financial and payments sector are the licensing of several more such companies in August and September 2022 by the Saudi…

Continue ReadingSaudi Central Bank Pushes Ahead with FinTech Facilitation in Saudi Banking and Payments Sector with Issuance of Four New Licences and Six New Sandbox Permits as Electronic Payments Exceed Cash for the First Time
Read more about the article Saudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues in June and July 2022 with Two Auctions Raising an Aggregate SAR8,372m (US$2,228.32m) and Bringing Total Issuances in January-July 2022 to SAR85,893.82m (US$22,861.78m)

Saudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues in June and July 2022 with Two Auctions Raising an Aggregate SAR8,372m (US$2,228.32m) and Bringing Total Issuances in January-July 2022 to SAR85,893.82m (US$22,861.78m)

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 two…

Continue ReadingSaudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues in June and July 2022 with Two Auctions Raising an Aggregate SAR8,372m (US$2,228.32m) and Bringing Total Issuances in January-July 2022 to SAR85,893.82m (US$22,861.78m)
Read more about the article Resilient Malaysian Islamic Banking Sector Continues its Growth Trajectory in 2021 and Beyond with Banking Sector Market Share Reaching 32% and Islamic Financing 43%

Resilient Malaysian Islamic Banking Sector Continues its Growth Trajectory in 2021 and Beyond with Banking Sector Market Share Reaching 32% and Islamic Financing 43%

By all the financial metrics, the Malaysian Islamic banking sector continued to show remarkable resilience in 2021 despite the difficult local and global market and geopolitical conditions.Never mind the fact…

Continue ReadingResilient Malaysian Islamic Banking Sector Continues its Growth Trajectory in 2021 and Beyond with Banking Sector Market Share Reaching 32% and Islamic Financing 43%
Read more about the article IsDB Boards Approve US$10.54bn New Food Security Response Programme Package to Support Ongoing Food Crisis and Future Food Security in Member States

IsDB Boards Approve US$10.54bn New Food Security Response Programme Package to Support Ongoing Food Crisis and Future Food Security in Member States

The Board of Executive Directors of the Islamic Development Bank (IsDB), the Islamic Solidarity Fund for Development (ISFD), and the Islamic Corporation for the Insurance of Investment and Export Credit…

Continue ReadingIsDB Boards Approve US$10.54bn New Food Security Response Programme Package to Support Ongoing Food Crisis and Future Food Security in Member States
Read more about the article Bahri and SAIB Return to Sukuk Market with Two Offerings in June/July 2022 Raising an Aggregate SAR5.9bn (US$1.57bn)

Bahri and SAIB Return to Sukuk Market with Two Offerings in June/July 2022 Raising an Aggregate SAR5.9bn (US$1.57bn)

Sukuk issuance momentum in the Saudi Arabian corporate sector continued in June and July 2022, despite the Eid and Hajj break in early July, underlining the fact that Sukuk issuance…

Continue ReadingBahri and SAIB Return to Sukuk Market with Two Offerings in June/July 2022 Raising an Aggregate SAR5.9bn (US$1.57bn)
Read more about the article Sovereign Indonesia Issues its Largest-ever Regular Annual International Sukuk Wakalah with a Two Tranche US$3.25bn Offering Including a US$1.5bn Green Sukuk

Sovereign Indonesia Issues its Largest-ever Regular Annual International Sukuk Wakalah with a Two Tranche US$3.25bn Offering Including a US$1.5bn Green Sukuk

For a regular annual proactive issuer of sovereign Sukuk, the Government of Indonesia is adept at notching up global firsts in its issuance programme and strategy. This is particularly so…

Continue ReadingSovereign Indonesia Issues its Largest-ever Regular Annual International Sukuk Wakalah with a Two Tranche US$3.25bn Offering Including a US$1.5bn Green Sukuk
Read more about the article Saudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues in April and May 2022 with Two Auctions Raising an Aggregate SAR24.94bn (US$6.65bn) and Bringing Aggregate Issuances in January-May 2022 to SAR51,321.42m (US$13,684.55m)

Saudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues in April and May 2022 with Two Auctions Raising an Aggregate SAR24.94bn (US$6.65bn) and Bringing Aggregate Issuances in January-May 2022 to SAR51,321.42m (US$13,684.55m)

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 two…

Continue ReadingSaudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues in April and May 2022 with Two Auctions Raising an Aggregate SAR24.94bn (US$6.65bn) and Bringing Aggregate Issuances in January-May 2022 to SAR51,321.42m (US$13,684.55m)