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SAUDI SUKUK BONDS
US dollar Islamic bonds: What is it? As world's biggest oil company Aramco plans to raise $3-$4 billion for Sukuk that follows Shariah principlesSaudi Aramco during its earnings call in August said it planned to continue borrowing, adding that the company's balance sheet gearing was ...
Saudi Arabia issues nearly $9.6 billion local sukuk after early redemptionsThe government of Saudi Arabi has issued new local currency Islamic bonds worth around 35.9 billion riyals ($9.57 billion) after buying bac...
Pakistan raises $1 bn through Islamic bond at record interest to keep forex reserves afloatPakistan has raised a whopping USD 1 billion loan through the Sukuk bond at a record 7.95 per cent interest rate, the highest cost that the...
Saudi Aramco raises $6 billion with debut sukukThe debt issuance, which will help fund a $75 billion dividend commitment that will mostly go to the government, comprises tranches of thre...
Saudi Aramco seen raising $3 bn-4 bn with dollar sukuk: SourcesThe debt issuance, which will at least partly fund a large dividend that mostly goes to the government, will comprise tranches of three, fi...
Saudi Aramco mandates banks for inaugural dollar sukukThe banks will arrange fixed income investor calls starting on Monday, the document from one of the banks showed. An issuance of sukuk in t...
Saudi Arabia's SRC gets 'A' Fitch rating before planned bonds, Al Arabiya reportsSRC plans to issue up to $1 billion in sukuk, or Islamic bonds, before the end of the year, its director of treasury and global capital mar...
Saudi's NCB looks to bolster Tier 1 with dollar sukuk: DocumentNCB, majority owned directly and indirectly by the Saudi government, hired Citi, Emirates NBD Capital, Goldman Sachs International, JPMorga...
Dubai Aerospace Enterprise sells $750 million in five and a quarter years sukukDAE had given initial price guidance of around 4.375% for the Islamic bonds earlier on Thursday, according to a separate document also from...
Kuwait International Bank sells $300 million sukuk: DocumentGulf issuers have turned to international debt markets to plug finances hit by weak oil prices and the COVID-19 pandemic, with 2020 issues ...
Qatar Islamic Bank sells $750 million in sukukThe deal comes amid a barrage of bond sales from the Gulf, as issuers seek to shore up their finances that have been dented by cheap oil an...
Arab National Bank hires banks for dollar sukuk, document shows"The amount and terms of offer of the sukuk will be determined subject to the market conditions," ANB said in the filing.
- Asian growth attracts Shariah banks from Gulf
Al Salam Bank BSC, Bahrain’s fastest-growing lender by revenue in the past year, plans to invest $500 million of Islamic funds in Asia, joi...
- Islamic scholars toughen rules on sale of bonds
Religious scholars are imposing tougher rules on the sale of Islamic bonds to investors after stating that most of the securities may not f...
- SEBI okay may see Islamic funds enter Indian realty
Booming Islamic finance is likely to acquire assets in India through Islamic Real Estate Investment Trusts.
- Islamic bond fatwas surge on million-dollar scholars
Sheikh Nizam Yaquby is the gatekeeper to the $1 trillion market for managing Muslim wealth. Yaquby, who lives in Bahrain, says he's on advi...
- Middle East oil money to flow into Indian markets
Corporate India will have a new set of deep-pocket investors eyeing investments in both equity as well as debt in India.