Browsing Tag

Islamic bonds

MENA sukuk market surges 48% to $6.2bn: Bloomberg data

Sukuk issuance across the Middle East and North Africa surged 48 percent to $6.2 billion in the first half of 2024, driven by green and social projects, a new analysis showed. Growth in the Islamic bonds sector has been primarily driven…
Read More...

Business

Saudi Arabia closes April sukuk issuance at $1.97bn

Saudi Arabia has completed its riyal-denominated sukuk issuance for April at SR7.39 billion ($1.97 billion), representing a rise of 66.44 percent compared to the previous month. The National Debt Management Center revealed that the…
Read More...

Business

PIF eyes $3.5bn in debut sale of dollar-denominated sukuk

Saudi Arabia’s Public Investment Fund is set to raise $3.5 billion in its first sale of dollar-denominated Shariah-compliant sukuk, said an official statement issued on Thursday. The wealth fund is offering the Islamic bonds with tenors…
Read More...