Malaysia’s SC Launches SRI Roadmap for Capital Market to Create Ecosystem to Drive Sustainable Investments and Development

Malaysia’s commitment to develop the country into a world-class regional hub for Sustainable and Responsible Investment (SRI) took an important step forward on 25 November 2019 in Kuala Lumpur when…

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DIB Closes Second Benchmark US$750m Sukuk in 2019 on the Back of Strong Nine Months Financials as UAE Islamic Finance Market Share Tops 23 Per Cent

Dubai Islamic Bank (DIB), the oldest commercial Islamic bank in the world and a prolific repeat issuer of Sukuk, successfully issued its second Sukuk in the international market in 2019…

Continue ReadingDIB Closes Second Benchmark US$750m Sukuk in 2019 on the Back of Strong Nine Months Financials as UAE Islamic Finance Market Share Tops 23 Per Cent

IsDB Gives Green Finance and Sukuk a Major Market Making Boost With its Debut €1bn Green Sukuk With More Such Issuances in the Offing

Green Sukuk and Green finance received a major boost in November 2019 following the establishment of a Sustainable Finance Framework (SFF) by the Islamic Development Bank (IsDB) Group, and the…

Continue ReadingIsDB Gives Green Finance and Sukuk a Major Market Making Boost With its Debut €1bn Green Sukuk With More Such Issuances in the Offing

Malaysian Finance Minister Guan Eng Launches Islamic Economic Blueprint to Support Greater Linkages Between Islamic Finance and the Halal Economy with Further Tax Incentives for Sukuk Issuance and SRI Funds

Malaysian Finance Minister, Lim Guan Eng, in his National Budget 2020 speech to the Dewan Rakyat (the Parliament) on 11 October 2019, has followed his predecessors in tabling an ambitious…

Continue ReadingMalaysian Finance Minister Guan Eng Launches Islamic Economic Blueprint to Support Greater Linkages Between Islamic Finance and the Halal Economy with Further Tax Incentives for Sukuk Issuance and SRI Funds

Leading Saudi Property Developer Dar Al Arkan Issues US$600m Benchmark Sukuk Boosted by its Inclusion in the MSCI Emerging Markets Index

Dar Al Arkan Real Estate Development Company, the largest publicly listed Saudi Arabian residential property developer, successfully closed its latest benchmark Sukuk offering – a 5-Year US$600 million Regulation S…

Continue ReadingLeading Saudi Property Developer Dar Al Arkan Issues US$600m Benchmark Sukuk Boosted by its Inclusion in the MSCI Emerging Markets Index

IsDB Issues Second US$1.5bn Sukuk in International Market in September as Increased Central Bank Subscription Underlines MDB’s Credit Strength

The Islamic Development Bank (IsDB), the multilateral development bank (MDB) of the OIC countries, returned to the international market by successfully pricing a US$1.5 billion 5-year Trust Certificates (Sukuk) transaction…

Continue ReadingIsDB Issues Second US$1.5bn Sukuk in International Market in September as Increased Central Bank Subscription Underlines MDB’s Credit Strength

Malaysia Pushes Digital Economy and FinTech with a Variety of Incentives Some Linked to the Halal Economy While GCC and Indonesia Push Ahead in Their Own Way

The Malaysian Government and its two main financial regulators, Bank Negara Malaysia (BNM), the central bank, and the Securities Commission Malaysia (SC) continue their drive to push the digital economy,…

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Saudi Arabia Returns to International Market With $2.5bn Sukuk Consolidated by a Tenth Consecutive SR7.265 billion Domestic Issuance as October Volume Tops $4.44bn

True to the earlier announcement by Dr Fahd Al-Saif, Director General of the Debt Management Office (DMO) of the Saudi Ministry of Finance (MoF), that the Kingdom would issue a…

Continue ReadingSaudi Arabia Returns to International Market With $2.5bn Sukuk Consolidated by a Tenth Consecutive SR7.265 billion Domestic Issuance as October Volume Tops $4.44bn