GFH Financial Succesfully Prices US$300m Sukuk Wakala/Tawarruq as Group Eyes More Realty Transactions in the US and UK

Bahrain-based GFH Financial Group, formerly Gulf Finance House, successfully priced a US$300 million Sukuk Wakala/Tawarruq on 22 January 2020. The Sukuk, which has a tenor of 5 years and matures…

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Saudi DMO Starts 2020 with a Two-Tranche SR6.72bn Sovereign Domestic Sukuk as 2019 Issuance Buoyancy Continues

The Debt Management Office (DMO) of the Saudi Ministry of Finance (MoF) started the year 2020 in a buoyant mood with a SR6.72 billion (US$1.79 billion) domestic Sukuk offering on…

Continue ReadingSaudi DMO Starts 2020 with a Two-Tranche SR6.72bn Sovereign Domestic Sukuk as 2019 Issuance Buoyancy Continues

QIB Successfully Prices Debut US$800m Formosa Sukuk as Qatari Banks Venture into more Exotic Markets to Raise Funds

Another sign that GCC Islamic banks are becoming more adventurous and mature in their fund-raising diversification strategies is the latest foray by Qatar Islamic Bank (QIB), the oldest and largest…

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Market Anticipation as UK Inches Towards Second Sovereign Sukuk Issuance as Tender for Syndication Banking Services closes in January 2020

Cagamas Berhad, the National: The UK inched closer towards issuing its second sovereign Sukuk in January 2020 when the UK Debt Management Office (DMO) of HM Treasury issued an invitation…

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DDCAP Group™ celebrates its one year anniversary of the DDGI Limited Representative Office in Kuala Lumpur and formally launches the Executive Summary of its Case Study on Corporate Responsibility and Sustainability.

On the evening of Tuesday, 21 January, DDCAP Group hosted a reception at the Traders Hotel in Kuala Lumpur to mark the one year anniversary of the DDGI Limited Representative…

Continue ReadingDDCAP Group™ celebrates its one year anniversary of the DDGI Limited Representative Office in Kuala Lumpur and formally launches the Executive Summary of its Case Study on Corporate Responsibility and Sustainability.

Murabaha Syndications Flourish as a Complement to Sukuk as a Diversified Source of Financing in Both Traditional and New Markets

December 2019 saw a flourish of syndicated Murabaha financing and Islamic credit facilities, which has always complemented Sukuk issuance, especially in the Middle East and Malaysian markets but also for…

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Saudi DMO Sovereign Domestic Sukuk Tops US$18.6bn for the Year 2019 as Kingdom Closes 12th Consecutive Issuance in December

The Debt Management Office (DMO) of the Saudi Ministry of Finance continued its domestic Saudi riyal denominated Sukuk issuance in December 2019 with its latest offering of a four tranche…

Continue ReadingSaudi DMO Sovereign Domestic Sukuk Tops US$18.6bn for the Year 2019 as Kingdom Closes 12th Consecutive Issuance in December