sukuk

Saudi Arabia’s National Debt Management Center has completed its riyal-denominated sukuk issuance for August at SR6.018 billion ($1.60 billion), representing an 87.22 percent rise compared to July. The figure was the third highest this…
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Nasdaq Dubai has listed $500 million in sustainable trust certificates issued by Kuwait’s Warba Bank, marking a significant advancement in the region’s financial sector. The issuance, the first of its kind in Kuwait under Warba Bank’s…
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Saudi Arabia has launched the sixth round of its subscription-based savings product, Sah, for August, offering an appealing return of 5.48 percent. This initiative, which began on Aug. 4 and will continue until Aug. 6, aims to bolster…
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Saudi Arabia emerged as the top issuer in the Gulf Cooperation Council bond market during the first half of 2024, raising $37 billion through 44 issuances, according to recent data. The Markaz GCC Bonds and Sukuk Market Report indicated…
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Global sukuk issuances reached $91.9 billion in the first half of 2024, marking a marginal year-on-year increase of 0.87 percent, driven by issuers from Saudi Arabia and the UAE. According to the latest report from S&P Global,…
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Regulations implemented by the Saudi Central Bank from 2020 until the end of the first half of this year have enhanced Islamic banks’ transparency and Shariah governance, an analysis revealed. According to a report by Fitch Ratings,…
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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…
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Saudi Arabia has completed its riyal-denominated sukuk issuance for June at SR4.4 billion ($1.17 billion), according to the National Debt Management Center. The Kingdom issued sukuk amounting to SR3.23 billion in May, while it was SR7.39…
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Saudi Arabia has opened its fifth round of the subscription-based savings product, Sah, for June, offering a 5.55 percent return, encouraging financial stability and growth among citizens. The Shariah-compliant, government-backed sukuk…
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Qatar has issued green bonds in two tranches totaling $2.5 billion, according to official data. Citing a release from the International Financing Review, Reuters reported that the operation is the Gulf state’s first external debt…
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