Sukuk Archives - International Finance

S&P, FTSE reports bring cheers for UAE as Islamic Finance witnesses further growth

IFM CorrespondentNovember 5, 2024

by IFM CorrespondentNovember 5, 2024

Dr. Mohamed Damak stated that S&P expects the Islamic Finance sector to grow at a high single-digit rate through 2024 and 2025, fuelled by financing needs in key countries...

Banking Featured

Saudi banks’ credit profiles remain strong amid high oil prices

IFM CorrespondentJuly 3, 2024

by IFM CorrespondentJuly 3, 2024

Saudi Islamic banks have a strong position in the banking industry thanks to their larger retail franchises, which enable them to offer superior asset quality, reduced funding costs, and higher margins...

Featured Wealth Management

Saudi wealth fund PIF set to issue sterling-denominated bonds

IFM CorrespondentJune 21, 2024June 22, 2024

by IFM CorrespondentJune 21, 2024June 22, 2024

Official data from Saudi Arabia shows that the private sector non-oil growth was stable in May, with the Purchasing Managers’ Index slightly decreasing to 56.4 from 57 in April...

Featured Islamic Finance

Islamic Finance assets grew by 3.3% in 2023 in Qatar: Report

IFM CorrespondentJune 18, 2024June 17, 2024

by IFM CorrespondentJune 18, 2024June 17, 2024

The aforementioned will make it possible to forecast the future of Islamic Finance and direct it in a way that will support its goals of social sustainability and development...

Exclusive Featured Real Estate

We play a major role in enhancing Saudi’s real estate finance market: SRC

IFM CorrespondentApril 8, 2024

by IFM CorrespondentApril 8, 2024

SRC seeks to promote the growth and stability of the real estate finance sector in Saudi Arabia...

Energy Featured

COP28 to accelerate revolution in sustainable bond market

IFM CorrespondentNovember 22, 2023

by IFM CorrespondentNovember 22, 2023

Given that 51% of sustainable issuances in the Gulf region take the form of bonds, there is a strong expectation that they will benefit significantly from the heightened awareness being cultivated by COP28...

Featured Islamic Finance

Experts bat for ‘Scientific Approach’ to deal with sukuk risks

IFM CorrespondentOctober 12, 2023October 11, 2023

by IFM CorrespondentOctober 12, 2023October 11, 2023

To expand industrial and green financing projects, participants also emphasized the importance of creating cooperation agreements with organizations that support and oversee sukuk...

Featured Markets

UAE’s debt capital market projected to reach USD 300 billion by 2030: Fitch Ratings

IFM CorrespondentSeptember 19, 2023September 18, 2023

by IFM CorrespondentSeptember 19, 2023September 18, 2023

Fitch Ratings observed that its forecast for UAE's DCM market is backed by the fact that banks are important debt investors and are demonstrating decent liquidity as well as solid deposit growth...

Currency Featured

UAE likely to launch more local currency Sukuk: S&P

IFM CorrespondentJuly 20, 2023

by IFM CorrespondentJuly 20, 2023

The local dirham-denominated Islamic bond market is still in its infancy, so local players are still raising funds by issuing dollar and other foreign currency-denominated Sukuk...

Banking Featured

Commercial Bank of Dubai raises USD 500 million through sale of green bonds

IFM CorrespondentJune 19, 2023

by IFM CorrespondentJune 19, 2023

Commercial Bank of Dubai, listed on the Dubai Financial Market, owns a 20% stake in the Investment Corporation of Dubai, the main investment arm of the Government of Dubai...