NEWS in BRIEF

IsDB Board Approves US$176.05m of Development Finance in Four Member Countries in June 2021 Jeddah – The Board of Executive Directors of the Islamic Development Bank (IsDB) at its 341st…

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SRC Closes SAR4bn Sukuk Issuance in March to Acquire More Islamic Mortgages from the Market to Release Liquidity to Finance Kingdom’s Housing Stock and Ownership Demand and Objectives

The Sukuk market in Saudi Arabia continued its buoyancy in First Quarter 2021 with proactive regular participation by sovereign issuers such as the National Debt Management Centre of the Ministry…

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Riyad Bank Latest Saudi Banking Major to Boost Tier-II Capital with SAR3bn (US$800m) Sukuk Issuance

Saudi Arabia’s Riyad Bank is the latest Saudi bank to boost its capital through the issuance of Sukuk following on from the Tier 1 US$1.25 billion Mudaraba Sukuk issued in…

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NCB Returns to International Sukuk Market with Benchmark US$1.256bn Mudaraba Sukuk as Saudi Arabia Leads from the Front in Early 2021 Sukuk Issuances

Saudi Arabia’s National Commercial Bank (NCB) returned to the international market with a further Tier 1 US$1.25 billion Mudaraba Sukuk offering on 26 January 2021. The Sukuk certificates were issued…

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DDCAP Group™ (“DDCAP”) is proud to have been awarded Best CSR Programme – Financial Technology Provider and Best Islamic Fintech Solutions Provider at the 2020 MEA Finance Awards.

DDCAP Group™ (“DDCAP”) is privileged to have been awarded Best CSR Programme – Financial Technology Provider and Best Islamic Fintech Solutions Provider at the 2020 MEA Finance Awards. Stella Cox…

Continue Reading DDCAP Group™ (“DDCAP”) is proud to have been awarded Best CSR Programme – Financial Technology Provider and Best Islamic Fintech Solutions Provider at the 2020 MEA Finance Awards.

RFI Foundation Launches “Responsible Finance – Ethical & Islamic Finance: Meeting the Global Agenda” Report

In Jakarta on 14 November 2019 at the IFSB Summit, the RFI Foundation launched the “Responsible Finance – Ethical & Islamic Finance: Meeting the Global Agenda Report” which investigates similarities between…

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NEWS in BRIEF

IILM Issues US$500mn Sukuk in Two Tranches Kuala Lumpur – The International Islamic Liquidity Management Corporation (IILM) successfully issued on 10 April 2019 a total amount of US$500 million short-term…

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