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...
Tag : Sukuk
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...
Emaar’s 10-year sukuk to generate 3.9% annual return
The sukuk is part of Emaar’s $2 billion trust certificate issuance programme...
Emaar Properties to issue Islamic bonds; hires Standard Chartered
The bond issuance is a part of the company’s $2 bn debt raising programme...
Moody’s: Islamic Bond issuance to hit $130 bn in 2019
Total issuance in H1 2019 increases by 37% to $87 bn when compared to the same period last year...
DP World raising $1 bn bonds to buy Topaz Energy and Marine
Citi and Standard Chartered Bank will help DP World arrange a series of investors meetings ahead of the Islamic bond issue...
More firms turn to Islamic finance for development projects
“It is our experience that sukuk-based solutions are establishing themselves as an increasingly attractive alternative for the funding of infrastructure and development projects," says Zahid Aslam, managing director of Investment Banking at Dalma Capital Management Limited...
Sukuk spread its wings to Africa
Despite sukuk’s ongoing instability in GCC countries this year, there is a resurgence of interest across 18 African markets. What does this mean to the largely underbanked Muslim population in these markets?...
Coal-reliant countries embrace green finance
Poland and Indonesia seek environment-friendly advancements through green bond issuance...
Dubai Islamic Bank launches its five-year US$1bn sukuk
The issuance as part of the Bank’s US$5bn sukuk programme was subsequently priced at 3.625% profit rate...