The investment has received an institutional rating of (A-) from EuroRating and is being reviewed by Amanie Advisors to secure the Islamic Fatwa Press Release Seattle, United States: Pentavirate, a Seattle-based global investment firm, announces the issuance of a 5-year U.S. dollar denominated Sukuk of $100 million, backed by U.S. commercial real estate. The investment has received an […]
Stanley Widianto, Reuters News, Indonesia’s finance ministry made the announcement JAKARTA – Indonesia has raised 12 trillion rupiah ($790.51 million) in an Islamic bond auction, lower than the indicative target of 14 trillion rupiah, its finance ministry said on Tuesday. Incoming bids were 30.45 trillion rupiah. ($1 = 15,180.0000 rupiah) (Reporting by Stanley Widianto; Editing […]
By: Brinda Darasha, ZAWYA The Dubai Government’s Debt Management Office (DMO) also prepaid an additional $300 million of sukuk through an early redemption Dubai’s department of finance said it has redeemed $750 million worth of sukuk or Islamic bonds, issued on January 30, 2013. The Dubai Government’s Debt Management Office (DMO) also prepaid an additional $300 […]
CAIRO, 2023: Egypt succeeded in issuing its first-ever issuance of sovereign Islamic sukuk, as the subscription was oversubscribed more than 4 times, according to Minister of Finance, Mohamed Maait. The value of the issuance hit $1.5 billion, and the subscription on these sukuk amounted to about $6.1 billion. The issuance was priced at 11 percent, […]
As Islamic finance has been in Sri Lanka for 25 years, the stakeholders of the industry launched this week a publication to commemorate the milestone reached by the non-conventional baking system in the country. The book titled ‘25 Years of Islamic Finance in Sri Lanka’ is published by UEC International and UTO Edu Consult. The […]
Translator: Dewi Elvia Muthiariny, Editor:Laila Afifa TEMPO.CO, Jakarta – Indonesia’s Financial Services Authority (OJK) said the assets of the country’s Islamic finance, excluding sharia stocks, amounted to Rp2,375.84 trillion or US$151.03 billion as of December 2022. “The Indonesian sharia finance industry has the potential and development that are recognized internationally. We can see from the State of Global […]
RIYADH: Egypt’s first proposed sovereign $5 billion sukuk offering has been assigned a (P)B3 rating by Moody’s Investor Service, meaning it is considered speculative and subject to high credit risk. The categorization from the credit rating agency reflects the government’s issuer rating, according to a statement. The anticipated Trust Certificate Issuance Programme is issued by the Egyptian […]
Overall Nigerian banking sector outlook is ‘deteriorating’, says report Staff Writer, ZAWYA, 2023 Nigeria’s Islamic finance industry will hold its growth trajectory in 2023-2024, driven by the government’s sukuk issuances and policy push, Fitch Ratings said in a new report. The Central Bank of Nigeria has set the regulatory liquidity ratio for Islamic banks at 10%, […]
The International Islamic Trade Finance Corporation (ITFC) (http://www.ITFC-idb.org), a member of the Islamic Development Bank Group (IsDB), today signed a Euro 400 million 2023 Annual Plan with the Republic of Senegal, within the revised US$1.5 billion five-years Framework Agreement signed in 2021 to include new priority sectors. The Annual Plan reflects the longstanding cooperation between […]
A benchmark size issuance of fixed-rate long five-year sukuk under DIB’s $7.5 billion issuance programme will follow Yousef Saba, Reuters News February 2023 DUBAI – Dubai Islamic Bank has hired banks to arrange an issuance of U.S. dollar-denominated sustainable sukuk, or Islamic bonds, a bank document showed on Thursday. Bank ABC, Dubai Islamic Bank, Emirates NBD […]