Islamic banking
The Middle East still accounts for 69.9 percent of Fitch-rated sukuk, followed by Asia at 21.6 percent
Competitive pricing yields 3.88 percent for August 2028 and 3.95 percent for May 2030 tranches
The Capital Market Authority issued 25 new licenses, raising total market institutions to 186 by 2024
Total income rose 9 percent year-on-year to AED2.9 billion, driven by diverse income streams
Global sukuk issuance plummeted nearly 15 percent during this period
Qatar Central Bank launches $1.4 billion in government bonds, sukuk with bank bids over $2.9 billion
Qatar's first green bond issuance launched in May, enhancing sustainability financing in the regionÂ
The sukuk issuance was divided into five tranches, each with different maturities and sizesÂ
Islamic banks accounted for 87.4 percent of total Islamic finance assetsÂ
Latest transaction brings Sharjah Islamic Bank's total outstanding on Nasdaq Dubai to $2.5 billion across five listings
The issuance highlights the increasing appeal of Sharia-compliant financial instruments from UAE institutions
The UAE's well-capitalized and liquid banks stand ready to provide funding if capital markets become unsupportive, ensuring stability
