Read more about the article Alrajhi Bank Raises SAR10bn (US$2.66bn) Through its Second Perpetual Tier 1 Tawarruq/Mudaraba Riyal-denominated Sukuk to Date in 2022

Alrajhi Bank Raises SAR10bn (US$2.66bn) Through its Second Perpetual Tier 1 Tawarruq/Mudaraba Riyal-denominated Sukuk to Date in 2022

Saudi Arabia’s Alrajhi Bank, the largest Islamic bank in the world in terms of assets, successfully completed its second Saudi riyal denominated Sukuk offering in 2022 when it raised SAR10…

Continue ReadingAlrajhi Bank Raises SAR10bn (US$2.66bn) Through its Second Perpetual Tier 1 Tawarruq/Mudaraba Riyal-denominated Sukuk to Date in 2022
Read more about the article IsDB Keeps International Sukuk Momentum Going with Second Public Sukuk Issuance in 2022 Raising US$1bn as Investors Chase Quality AAA-rated Papers

IsDB Keeps International Sukuk Momentum Going with Second Public Sukuk Issuance in 2022 Raising US$1bn as Investors Chase Quality AAA-rated Papers

The Islamic Development Bank (IsDB), the multilateral development bank (MDB) of the 57-member OIC (Organisation of Islamic Cooperation) countries, successfully priced its second public Sukuk issuance of 2022 when it…

Continue ReadingIsDB Keeps International Sukuk Momentum Going with Second Public Sukuk Issuance in 2022 Raising US$1bn as Investors Chase Quality AAA-rated Papers
Read more about the article Saudi Ministry of Finance Returns to International Sukuk Market With its First Issuance in 2022 Through a US$2.5bn 6-Year Transaction

Saudi Ministry of Finance Returns to International Sukuk Market With its First Issuance in 2022 Through a US$2.5bn 6-Year Transaction

Saudi Arabia returned to the international Sukuk market in October 2022 with its first US dollar-denominated issuance of the year. The National Debt Management Centre (NDMC) of the Saudi Ministry…

Continue ReadingSaudi Ministry of Finance Returns to International Sukuk Market With its First Issuance in 2022 Through a US$2.5bn 6-Year Transaction
Read more about the article Nascent Islamic Voluntary Carbon Market Takes Off in the Wake of COP27 with Two Innovative Transactions Aimed at Funding High-quality Voluntary Carbon Offsets

Nascent Islamic Voluntary Carbon Market Takes Off in the Wake of COP27 with Two Innovative Transactions Aimed at Funding High-quality Voluntary Carbon Offsets

Whether it is because COP27 recently convened in Egypt and COP28 is scheduled to be hosted by Abu Dhabi/UAE in 2023, both Member States of the Islamic Development Bank (IsDB),…

Continue ReadingNascent Islamic Voluntary Carbon Market Takes Off in the Wake of COP27 with Two Innovative Transactions Aimed at Funding High-quality Voluntary Carbon Offsets
Read more about the article Saudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues in August and September Bringing the Aggregate Issuances in the First Nine Months of 2022 to SAR64,484.82m (US$17,162.78m)

Saudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues in August and September Bringing the Aggregate Issuances in the First Nine Months of 2022 to SAR64,484.82m (US$17,162.78m)

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 August and September Bringing the Aggregate Issuances in the First Nine Months of 2022 to SAR64,484.82m (US$17,162.78m)
Read more about the article Global Sukuk Market Maintains its Issuance Resilience Despite Difficult Economic and Market Conditions Led by Malaysia, Saudi Arabia and Indonesia

Global Sukuk Market Maintains its Issuance Resilience Despite Difficult Economic and Market Conditions Led by Malaysia, Saudi Arabia and Indonesia

Despite the difficult prevailing global economic and geopolitical conditions and the rise in commodity prices especially oil, gas and palm oil, the global Sukuk market has shown its resilience by…

Continue ReadingGlobal Sukuk Market Maintains its Issuance Resilience Despite Difficult Economic and Market Conditions Led by Malaysia, Saudi Arabia and Indonesia
Read more about the article SNB Successfully Closes Latest Sukuk Offering – a SAR3.3bn Perpetual Additional Tier 1 Sukuk

SNB Successfully Closes Latest Sukuk Offering – a SAR3.3bn Perpetual Additional Tier 1 Sukuk

The Saudi National Bank (SNB) (formerly National Commercial Bank (NCB) the largest bank in the Kingdom in terms of assets, returned to the international market with a Saudi-Riyal denominated Additional…

Continue ReadingSNB Successfully Closes Latest Sukuk Offering – a SAR3.3bn Perpetual Additional Tier 1 Sukuk
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