KFH Capital Recognized as Best Fixed Income Firm in Kuwait
KFH Capital, the investment arm of Kuwait Finance House (KFH), is making a strong impact in Kuwait City’s financial sector. Recently named …
Sukuk
Moody’s Forecasts Global Sukuk Issuance to Exceed $200 Billion in 2024
KUALA LUMPUR – Global sukuk issuance is on track to surpass the US$200 billion mark in 2023, highlighting the continued growth and resilience of the …
Banque Saudi Fransi Raises $800M with Riyal-Denominated Sukuk Offering
In a strategic move that underscores its robust financial foresight, Banque Saudi Fransi (BSF) has completed a significant issuance under its …
Can the UK Become A Leading Western Hub for Islamic Finance?
The United Kingdom has long been recognized as a pivotal player in the global Islamic finance industry, serving as a significant Western hub for …
Albaraka Turk Launches MTN Sukuk Program with a Cap of $1 Billion
In a significant development for the Islamic finance sector, Albaraka Turk, a trailblazer in Türkiye’s Islamic banking landscape, has announced …
SECP Develops Alternate Shariah-Compliant Structure for Short-Term Sukuk Issuance
Islamabad — The Securities and Exchange Commission of Pakistan (SECP) is making significant strides in developing the country’s financial markets by …
PSX Set to Auction Rs. 100 Billion Sukuk on August 15
The Pakistan Stock Exchange (PSX) is preparing for a significant financial event with its 12th Sukuk Auction scheduled for August 15, 2024. This …
ESG Sukuk Issuance in the GCC Reaches $18.5 Billion by Mid-2024
The realm of sustainable finance has seen remarkable growth in recent years, with Environmental, Social, and Governance (ESG) sukuk emerging as a …
Global ESG Sukuk Market Grows Strongly in Early 2024; Fitch Forecasts Q3 Slowdown
The global ESG sukuk market has experienced substantial growth in the first half of 2024, with a remarkable 41% year-on-year increase, reaching an …
Maybank Leads RM4B Sukuk for Sarawak Petchem Plant
Maybank has announced its significant role in financing and providing hedging facilities for Sarawak Petchem’s first methanol production plant, …
Nigeria’s First Sukuk Bond of N100 Billion Set to Mature in September 2024
Nigeria’s first Sukuk bond, valued at N100 billion and issued on September 26, 2017, is set to mature on September 26, 2024. This milestone …
Samaiden Launches RM1.5b Sustainability Sukuk for Renewable Energy Growth
Kuala Lumpur. Samaiden Group Berhad has launched an impressive RM1.5 billion multi-currency Sustainability Sukuk Wakalah program to advance its …
Binghatti Sukuk Tap Achieves 420% Oversubscription
In a striking development in the finance sector, Dubai’s prominent real estate developer, Binghatti, has again made headlines with its recent …
UAE’s Debt Market Rises 11.8% to $281Bn in H1, 71.5% Dominated by US Dollars
The UAE’s debt market has demonstrated remarkable strength and expansion, growing by 11.8% to reach a substantial $281 billion in the first half …
Sukuk Issuance Reaches $91.9 Billion in H1 2024, Reports S&P
In the dynamic arena of Islamic finance, the sukuk market is witnessing substantial growth, with S&P Global Ratings projecting a positive outlook …
PSX Appoints Meezan Bank as First Market Maker for GOP Ijarah Sukuk
The Pakistan Stock Exchange (PSX) has taken a major step forward by inducting Meezan Bank as the first market maker for the Government of Pakistan …
Sharjah Islamic Bank Lists $500 Million Sukuk on Nasdaq Dubai
Nasdaq Dubai has proudly announced the listing of a $500 million Sukuk by Sharjah Islamic Bank (SIB), marking a significant milestone in the …
Muhammad Taqi Usmani Advocates for Innovative Sukuk Strategies
Sukuk’s transformative potential goes far beyond simply bridging budgetary deficits; it serves as a vital tool for funding development projects. …
IILM Reissues $940 Million in Short-Term Sukuk Across 3 Series
KUALA LUMPUR — In a significant move reflecting the strong demand and growing investor confidence in Islamic financial instruments, the International …
Oman’s EDO Sells Second Dollar Sukuk
State-owned Energy Development Oman (EDO) has successfully issued its second dollar sukuk, raising an impressive $750 million. This sukuk issuance was …
NDMC Concludes June Sukuk Issuance at SAR 4.4 Billion
The National Debt Management Center (NDMC) announced on June 25 the successful closure of its June 2024 issuance under the Saudi Arabian Government …
Fitch Assigns ‘BBB’ Rating to Indonesia’s Proposed USD Sukuk
In a significant update, Fitch Ratings has assigned a ‘BBB’ rating to Indonesia’s proposed USD Sukuk, issued through Perusahaan …
Oman Energy Development Announces 7-Year Sukuk Offering
State-owned Energy Development Oman (EDO) is gearing up for a major financial initiative with the launch of a U.S. dollar-denominated 7-year sukuk …
CBB’s Sukuk Al-Ijara Oversubscribed by 323%
MANAMA, (BNA): The Central Bank of Bahrain (CBB) has announced a remarkable achievement: the latest issuance of its short-term Islamic leasing bonds, …