Saudi NDMC Domestic Sovereign Sukuk Momentum Continues with Closure of SAR2.5bn (US$668.5m) Sukuk in June 2023, as Aggregate Issuance Tops SAR19.8bn (US$5.3bn) in the January-June period

The National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) successfully closed its sixth consecutive monthly domestic sovereign Sukuk issuance on 13th June 2023 raising an aggregate…

Continue ReadingSaudi NDMC Domestic Sovereign Sukuk Momentum Continues with Closure of SAR2.5bn (US$668.5m) Sukuk in June 2023, as Aggregate Issuance Tops SAR19.8bn (US$5.3bn) in the January-June period

Kuwait’s KIPCO Successfully Closes Maiden KD103.1m (US$336m) Hybrid Murabaha/Wakala Sukuk Issuance as More Corporate Issuers are Expected to Enter the Market

The Kuwait Projects Holding Company (KIPCO), one of Kuwait’s largest multi-sectoral investment companies, successfully completed its maiden Sukuk issuance of KD103.1 million (US$335.8 million) in June 2023. Kuwait is a…

Continue ReadingKuwait’s KIPCO Successfully Closes Maiden KD103.1m (US$336m) Hybrid Murabaha/Wakala Sukuk Issuance as More Corporate Issuers are Expected to Enter the Market

ADIB Returns to the International Market with its Latest Benchmark Basel III Compliant US$750m Additional Tier-one (AT1) Perpetual Mudarabah Sukuk

Abu Dhabi Islamic Bank (ADIB), one of the largest Islamic financial institutions in the UAE and the Gulf Cooperation Council (GCC) region, successfully returned to the international market in July…

Continue ReadingADIB Returns to the International Market with its Latest Benchmark Basel III Compliant US$750m Additional Tier-one (AT1) Perpetual Mudarabah Sukuk

Saudi PIF’s Regional Voluntary Carbon Market Company Completes “Biggest Ever Auction” of 2.2m Carbon Credits in June 2023 with Growing Islamic Investment Participation

The involvement of the Islamic financial industry in the carbon credit and pricing market continues with Saudi Arabia’s Regional Voluntary Carbon Market Company (RVCMC) emerging as the most proactive by…

Continue ReadingSaudi PIF’s Regional Voluntary Carbon Market Company Completes “Biggest Ever Auction” of 2.2m Carbon Credits in June 2023 with Growing Islamic Investment Participation

S&P Projects Strong Islamic Finance Assets Growth in Core Markets in 2023/24 and Good Prospects for Sustainability Sukuk Albeit from a Low Base as Market Size Tops US$3tr

The prospects for the global Islamic finance industry in 2023-2024 continue to be positive although growth dynamics continue to be concentrated in the key traditional markets. In its latest report…

Continue ReadingS&P Projects Strong Islamic Finance Assets Growth in Core Markets in 2023/24 and Good Prospects for Sustainability Sukuk Albeit from a Low Base as Market Size Tops US$3tr

Saudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues with Closure of SAR4,339.37m (US$1,157.1m) Sukuk in May 2023, Amid Strong Economic Fundamentals and Prospects of Additional Sukuk Offerings in 2023

The National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) successfully closed its fifth consecutive monthly domestic sovereign Sukuk issuance on 23rd May 2023 raising an aggregate SAR4,339.37…

Continue ReadingSaudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues with Closure of SAR4,339.37m (US$1,157.1m) Sukuk in May 2023, Amid Strong Economic Fundamentals and Prospects of Additional Sukuk Offerings in 2023

Bahrain’s Energy Investment Holding Company nogaholding Returns to International Sukuk Market with Benchmark US$750m Hybrid Sukuk Al Ijara/Murabaha Offering

The Oil and Gas Holding Company (nogaholding), the energy investment and development holding entity of the Government of Bahrain, successfully priced its latest Sukuk issuance – a benchmark US$750 million Senior…

Continue ReadingBahrain’s Energy Investment Holding Company nogaholding Returns to International Sukuk Market with Benchmark US$750m Hybrid Sukuk Al Ijara/Murabaha Offering

Banque Saudi Fransi Successfully Closes US$900m Wakalah- Murabaha Sukuk Issuance as Corporate and Bank Offerings Keep Market Resilience and Momentum Going in 2023

Further signs of the momentum and resilience of the Saudi corporate and bank Sukuk market is the US$900 million offering – a RegS senior unsecured Sukuk - in the international…

Continue ReadingBanque Saudi Fransi Successfully Closes US$900m Wakalah- Murabaha Sukuk Issuance as Corporate and Bank Offerings Keep Market Resilience and Momentum Going in 2023