Saudi wealth fund PIF set to issue sterling-denominated bonds
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...
Tag : Sukuk
Islamic Finance assets grew by 3.3% in 2023 in Qatar: Report
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...
We play a major role in enhancing Saudi’s real estate finance market: SRC
SRC seeks to promote the growth and stability of the real estate finance sector in Saudi Arabia...
COP28 to accelerate revolution in sustainable bond market
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...
Experts bat for ‘Scientific Approach’ to deal with sukuk risks
To expand industrial and green financing projects, participants also emphasized the importance of creating cooperation agreements with organizations that support and oversee sukuk...
UAE’s debt capital market projected to reach USD 300 billion by 2030: Fitch Ratings
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...
UAE likely to launch more local currency Sukuk: S&P
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...
Commercial Bank of Dubai raises USD 500 million through sale of green bonds
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...
UAE T-Sukuk to support Islamic finance ecosystem, investment options
The T-Sukuk will initially be issued with terms of 2, 3, or 5 years, with a 10-year sukuk following at a later time...
Islamic bonds see growth amid oil price surge
High oil prices are a key driver of this growth of Sukuk....