sukuk

Islamic banks to outpace conventional banking in GCC, says Moody’s

Non-oil economic growth in GCC countries to remain strong in 2025 due to ambitious government economic diversification plans

Kuwait Warba Bank’s $500 million sukuk issuance on London Stock Exchange draws $1.8 billion in 3.5x demand

These five-year sukuk support projects advancing ESG goals aligned with sustainability objectives

UAE Islamic T-sukuk auction draws $1.72 billion in bids, oversubscribing by 5.7 times

This $299.49 million auction is part of the Islamic T-Sukuk issuance program for August 2024

Dubai’s wealth management sector sees 62 percent surge in authorized entities in H1 2024: DFSA

The DFSA facilitated the expansion of capital markets in the DIFC, which remains the world’s largest ESG sukuk market

UAE IPOs surge in Q2 2024, raising $890 million: Report

Sharia-compliant financial products are in high demand, with Sukuk issuances exceeding $10 billion in Q2

Kuwait Warba Bank’s $500 million sukuk listing on Nasdaq Dubai attracts $1.8 billion in orders

This is the fourth listing under their $2 billion trust certificate program

Emirates Islamic’s profits hit record $463 million in H1 2024

Emirates Islamic's total income saw a notable 15 percent increase to AED2.7 billion while operating profits surged by 40 percent

Global sukuk issuances rise to $91.9 billion in H1 2024, says S&P

The total volume of sustainable sukuk issuances reached $5.2 billion during H1 of 2024

Sustainable investments could unlock $2 trillion for GCC countries by 2030: Report

Green finance is surging in the GCC, with over $8.5 billion in green and sustainable bonds and Sukuk issued in 2022

Sharjah Islamic Bank lists $500 million Sukuk on Nasdaq Dubai

This listing marks the bank's 9th public Sukuk issuance and first since 2020

GCC tourism’s contribution to GDP to surge to $340 billion by 2030: Report

The GCC region already boasts some of the world's most modern airports

Nasdaq Dubai welcomes three Indonesian Sukuk listings worth $2.35 billion

Total value of debt listed on Nasdaq Dubai reached $134.1 billion with Sukuk making up $93.89 billion

Saudi Aramco starts issuing U.S. dollar-denominated bonds

Aramco's bond issuance began on July 9 and will end on July 17

UAE’s ADIB releases comprehensive ESG report, highlights $1.51 billion in sustainable finance and net zero commitments

The bank reduced Scope 1 emissions by 65 percent compared to 2022 and set 2030 emissions reduction targets for six portfolio sectors

UAE’s Arada lists $400 million sukuk on Nasdaq Dubai

Arada's sukuk listing brings the total value of sukuk issuances to $93 billion

Sharjah Islamic Bank’s sukuk offering oversubscribed 3 times, raising $1.5 billion

The oversubscription highlighted the bank's financial strength and prudent management

Half of all emerging-market debt issued by GCC countries, Malaysia, Indonesia, and Türkiye: Report

In 2024, these countries accounted for 51 percent of U.S. dollar debt issued by EMs (excluding China)

Saudi Arabia issues $1.17 billion in sovereign sukuk across three tranches in June

The total volume of sukuk and bonds in Saudi Arabia increased by 5.73 percent during the third quarter of 2023

Egypt’s Islamic banking transactions reach $14.5 billion in March 2024

Islamic banking now constitutes 5 percent of the total banking sector in Egypt

Emirates Islamic’s sustainability sukuk issuance raises $750 million on Nasdaq Dubai

The listing's order book exceeded $2.10 billion, which reflects an oversubscription rate of 2.8 times

Bahrain’s credit rating affirmed at ‘B+/B’ with stable outlook: Report

The report forecasts an upgrade for Bahrain if the government substantially lowers net debt-to-GDP via improved budgets

UAE’s Islamic T-sukuk auction attracts bids worth $2.67 billion, oversubscribed 8.9 times

Strong demand seen from the eight primary dealers for both the 3-year and 5-year tranches of the sukuk

Qatar announces $549.2 million budget surplus for Q1 2024

MoF stated that this surplus was directed towards reducing public debt, and therefore there was no cash surplus

Dubai’s DFSA records 25 percent surge in licensed firms in 2023, reaching 791

The Authority saw growth in ESG securities listings, totaling $11.72 billion in new ESG bonds and Sukuk listed