Read more about the article Saudi Government Raises SAR35.65bn (US$9.5bn) via new Issuance and Refinancing in July 2020 Through Six Sukuk Istithmar Tranches Under Two Separate Issuance Programmes

Saudi Government Raises SAR35.65bn (US$9.5bn) via new Issuance and Refinancing in July 2020 Through Six Sukuk Istithmar Tranches Under Two Separate Issuance Programmes

Saudi Arabia’s reliance on domestic sovereign Sukuk issuance as part of its public debt strategy increased sharply with The National Debt Management Center (NDMC) of the Ministry of Finance (MoF)…

Continue ReadingSaudi Government Raises SAR35.65bn (US$9.5bn) via new Issuance and Refinancing in July 2020 Through Six Sukuk Istithmar Tranches Under Two Separate Issuance Programmes
Read more about the article Securities Commission Malaysia Consults on Digital Asset Wallet Framework as it’s Shariah Advisory Council in a Landmark Resolution Approves Trading of Digital Assets

Securities Commission Malaysia Consults on Digital Asset Wallet Framework as it’s Shariah Advisory Council in a Landmark Resolution Approves Trading of Digital Assets

The rapid evolution of FinTech is forcing regulators to keep up with developments so that they and their constituents – corporate and retail customers – do not get left behind…

Continue ReadingSecurities Commission Malaysia Consults on Digital Asset Wallet Framework as it’s Shariah Advisory Council in a Landmark Resolution Approves Trading of Digital Assets
Read more about the article Public Debt Sukuk Issuances Hold Key to Market Growth in COVID-19 Affected 2020 as Primary Sukuk Issuances Reached a Record US$146bn in 2019

Public Debt Sukuk Issuances Hold Key to Market Growth in COVID-19 Affected 2020 as Primary Sukuk Issuances Reached a Record US$146bn in 2019

While the year 2019 was a record year for primary Sukuk issuance, the year 2020 seems to be cautiously holding its own despite the economic and health impact of COVID-19…

Continue ReadingPublic Debt Sukuk Issuances Hold Key to Market Growth in COVID-19 Affected 2020 as Primary Sukuk Issuances Reached a Record US$146bn in 2019
Read more about the article UK Government on Track for Second Sukuk Issuance “in the Near Future” as HM Treasury Sees Growing Role for IF in Post-Brexit and COVID-19 Recovery Dispensation

UK Government on Track for Second Sukuk Issuance “in the Near Future” as HM Treasury Sees Growing Role for IF in Post-Brexit and COVID-19 Recovery Dispensation

The UK Government remains committed to issuing a second sovereign Sukuk “in the near future” confirmed an HM Treasury spokesperson in an interview with Mushtak Parker. “Last year the Government…

Continue ReadingUK Government on Track for Second Sukuk Issuance “in the Near Future” as HM Treasury Sees Growing Role for IF in Post-Brexit and COVID-19 Recovery Dispensation
Read more about the article London cements its position as a global hub for Islamic finance as UK Government and UKIFC lead Inaugural Taskforce on Islamic Finance and UN’s SDGs

London cements its position as a global hub for Islamic finance as UK Government and UKIFC lead Inaugural Taskforce on Islamic Finance and UN’s SDGs

The Islamic Finance Council UK (UKIFC) in partnership with the UK Government, convened the inaugural Islamic Finance & UN Sustainable Development Goals (SDGs) Taskforce through a virtual meeting in early…

Continue ReadingLondon cements its position as a global hub for Islamic finance as UK Government and UKIFC lead Inaugural Taskforce on Islamic Finance and UN’s SDGs
Read more about the article Industry Mourns the Passing of Islamic Banking Pioneer Hajj Saeed bin Ahmed Al Lootah, Founder of Dubai Islamic Bank, the Oldest Islamic Commercial Bank, at the Age of 97

Industry Mourns the Passing of Islamic Banking Pioneer Hajj Saeed bin Ahmed Al Lootah, Founder of Dubai Islamic Bank, the Oldest Islamic Commercial Bank, at the Age of 97

The Islamic finance industry lost another of its contemporary pioneers, Hajj Saeed bin Ahmed Al Lootah, the founder and Chairman for many years of Dubai Islamic Bank (DIB), the oldest…

Continue ReadingIndustry Mourns the Passing of Islamic Banking Pioneer Hajj Saeed bin Ahmed Al Lootah, Founder of Dubai Islamic Bank, the Oldest Islamic Commercial Bank, at the Age of 97
Read more about the article DP World Upsizes Latest Perpetual Sukuk Mudaraba Issuance to US$1.5bn Following Robust Demand from International Investors

DP World Upsizes Latest Perpetual Sukuk Mudaraba Issuance to US$1.5bn Following Robust Demand from International Investors

DP World, the Dubai-based global port operator and logistics group, launched its latest Sukuk offering on 24 June 2020 – a U.S.$1.5 billion Reset Subordinated Perpetual Certificates issuance.The Sukuk Mudaraba…

Continue ReadingDP World Upsizes Latest Perpetual Sukuk Mudaraba Issuance to US$1.5bn Following Robust Demand from International Investors
Read more about the article Saudi Sovereign Domestic Sukuk Issuance Reaches US$12.42bn in First Half 2020 as NDMC raises US$2.25bn in June with a Three-Tranche Sukuk

Saudi Sovereign Domestic Sukuk Issuance Reaches US$12.42bn in First Half 2020 as NDMC raises US$2.25bn in June with a Three-Tranche Sukuk

Saudi Arabia’s reliance on domestic sovereign Sukuk issuance as part of its public debt strategy continued in June 2020 with The National Debt Management Center (NDMC) of the Ministry of…

Continue ReadingSaudi Sovereign Domestic Sukuk Issuance Reaches US$12.42bn in First Half 2020 as NDMC raises US$2.25bn in June with a Three-Tranche Sukuk
Read more about the article DIB Raises US$1.3bn Through Two Sukuk Offerings in June 2020 to Finance Customers and Clients During Covid-19 Economic Recovery Phase

DIB Raises US$1.3bn Through Two Sukuk Offerings in June 2020 to Finance Customers and Clients During Covid-19 Economic Recovery Phase

It seems that issuers are seeking flight to quality and safety as sovereigns, multilaterals, banks and corporates in the Middle East, South East Asia and Africa are turning to domestic…

Continue ReadingDIB Raises US$1.3bn Through Two Sukuk Offerings in June 2020 to Finance Customers and Clients During Covid-19 Economic Recovery Phase