KFH’s Maiden Benchmark US$750m Sukuk Mudaraba Finally Marks Entry of Industry Pioneer as June 2021 Sees Major Developments in the International Sukuk Market

Kuwait Finance House (KFH), one of the oldest commercial Islamic banks in the world, issued its debut Sukuk – a 5.5 year Perpetual non-callable benchmark US$750 million ATI Mudaraba Sukuk…

Continue ReadingKFH’s Maiden Benchmark US$750m Sukuk Mudaraba Finally Marks Entry of Industry Pioneer as June 2021 Sees Major Developments in the International Sukuk Market

Saudi Aramco’s Debut US$6bn International Sukuk in June 2021 a Major Boost for Investors as Offering Attracts Largest Ever Order Book in Sukuk Issuance History

As the world’s largest integrated oil and gas company, the Saudi Arabian Oil Company (Saudi Aramco) does not do fixed-income issuances in modest measures. On 17 June 2021, the company…

Continue ReadingSaudi Aramco’s Debut US$6bn International Sukuk in June 2021 a Major Boost for Investors as Offering Attracts Largest Ever Order Book in Sukuk Issuance History

Saudi NDMC Issues Fifth Consecutive Monthly Domestic Sukuk with SAR3.53 billion (US$941.26 million) Offering in May as Total for First Five Months 2021 Tops Record SAR34.13bn (US$9.1bn)

The National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) issued its fifth consecutive monthly issuance of Riyal-denominated sovereign Sukuk with a two-tranche SAR3.53 billion (US$941.26 million)…

Continue ReadingSaudi NDMC Issues Fifth Consecutive Monthly Domestic Sukuk with SAR3.53 billion (US$941.26 million) Offering in May as Total for First Five Months 2021 Tops Record SAR34.13bn (US$9.1bn)

IsDB Targets Agri-business Sector Development in African Member Countries with US$3.5bn Investment and Co-financing Arrangements with BADEA and IFAD

The Jeddah-based Islamic Development Bank (IsDB), the multilateral development bank (MDB) of the Muslim world, is targeting food security, agriculture, and climate action in its African member countries, who have…

Continue ReadingIsDB Targets Agri-business Sector Development in African Member Countries with US$3.5bn Investment and Co-financing Arrangements with BADEA and IFAD

Malaysia’s 34.2% Islamic Banking Market Share Edges Towards 50% Parity with Conventional Sector by 2030 as Sector Reinforces its Resilience and Relevance during COVID-19 Pandemic

Malaysia’s Islamic banking and Takaful industry continues its steady march towards the stated goal of the Malaysian government to achieve parity with the conventional sector in terms of 50% market…

Continue ReadingMalaysia’s 34.2% Islamic Banking Market Share Edges Towards 50% Parity with Conventional Sector by 2030 as Sector Reinforces its Resilience and Relevance during COVID-19 Pandemic

IsDB Notches Up Another Sukuk First With a Maiden US$400m Secured Overnight Financing Rate (SOFR)-linked Offering Through a Private Placement

There is no doubt that the Islamic Development Bank (IsDB) is having a good year as far as its fixed income (Sukuk) issuance strategy is concerned. But it is in…

Continue ReadingIsDB Notches Up Another Sukuk First With a Maiden US$400m Secured Overnight Financing Rate (SOFR)-linked Offering Through a Private Placement

Indonesia Notches up Another First With Latest Three-tranche US$3bn Sukuk Offering Including the First 30-Year Green Sukuk in the World

For a regular annual 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 in…

Continue ReadingIndonesia Notches up Another First With Latest Three-tranche US$3bn Sukuk Offering Including the First 30-Year Green Sukuk in the World

Saudi NDMC Issues Fourth Consecutive Monthly Domestic Sukuk with SAR11.7bn(US$3.1bn) Offering in April as Total for First Four Months 2021 Tops Record SAR30.6bn (US$8.2bn)

The National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) issued its fourth consecutive monthly issuance of Riyal-denominated sovereign Sukuk with a two-tranche SAR11,713 million (US$3,123 million)…

Continue ReadingSaudi NDMC Issues Fourth Consecutive Monthly Domestic Sukuk with SAR11.7bn(US$3.1bn) Offering in April as Total for First Four Months 2021 Tops Record SAR30.6bn (US$8.2bn)