Alinma’s new fund to distribute periodic income
Such an investment vehicle will be of interest to asset managers and investors managing or interested in savings programmes that also promote a savings culture in Saudi Arabia...
Tag : Sukuk
GFH Financial lists $300 mn Sukuk on Nasdaq Dubai for further expansion
The listing will give GFH a competitive advantage as it forays into the international debt capital markets...
First Abu Dhabi Bank sells sterling-denominated bonds worth $584 mn
FAB’s issuance becomes the Middle East’s largest sterling-denominated bond in ten years...
Maybank Islamic launches first overseas branch in Dubai
The bank’s Dubai branch will focus on wholesale banking which includes corporate financing, treasury, capital markets and trade finance...
Dar Al Arkan lists $600 mn sukuk on Nasdaq Dubai
The sukuk, which has a coupon rate of 6.75%, was oversubscribed by more than two-fold...
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...
China’s ICBC lists two bonds worth $1 bn on Nasdaq Dubai
Each bond is worth $500 million—and reflect the financial and economic relationship between Dubai and China...
Saudi Arabia’s Dar Al Arkan to raise $600 mn through sukuk
The sukuk offers an interest rate of 7% and is due on 2025...
Overtaking SE ASia: How can GCC lead the Sukuk market?
With concerted efforts from the governments and private sector the GCC can challenge Southeast Asia in Sukuk issuances...