Islamic bonds see growth amid oil price surge
High oil prices are a key driver of this growth of Sukuk....
CapBay nets $7 mn to grow its Shariah-compliant supply chain finance arm
The funding round was led by Kenanga Capital Islamic, a subsidiary of Kenanga Investment Bank...
UAE Islamic banks record 5% increase in assets in 2020: Central Bank
The investment represents around 19% of the total banking assets...
Indonesia lists three sukuk valued at $3 bn on NASDAQ Dubai to fund socio-economic development
The listing comes with a 10-year issuance of $1.25 bn and two issuances of $750 mm each, bringing Indonesia’s total...
Oil behemoth Aramco begins Islamic bond sale
The sukuk sale, which began on June 7th, is expected to conclude on June 17th...
Saudi Arabia’s Alkhabeer Capital announces its second round of subscriptions for REIT fund
The company announced that the subscription period will be extended for 15 more working days...
ADIB launches digital platform for corporates in Iraq to meet growing business demands
The bank wants to strengthen its presence in the Iraqi market by launching its digital platform titled ADIB Direct...
Global Islamic Finance to grow by 12% in 2021-22: S&P
The growth will be driven by increased sukuk issuance in key markets...
Malaysia’s Aeon Credit Service establishes RM2 bn sukuk programme
The programme will fund disbursements to customers and refinance existing loans...
Aldar lists $500 mn sukuk on the Abu Dhabi Exchange
The sukuk carries a coupon rate of 3.875 percent for a period of 10 years...
World’s first blockchain sukuk: BMT Bina Ummah raises $50K
BMT Bina used the SmartSukuk platform introduced by Blossom Finance to fund micro-SMEs and entrepreneurs...
DIFC records 45% growth in Islamic assets in Q2 2019
Islamic finance sector is growing at a rate of 1.5 times more than traditional finance...
Islamic financial assets grow over $2 tn globally: IMF
Almost 85% of these assets are from the banking sector...