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sukuk
Banking & Finance
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
Banking & Finance
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
Banking & Finance
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
Economy
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
Banking & Finance
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
Banking & Finance
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
Banking & Finance
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
Markets
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
Sustainability
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
Markets
Sharjah Islamic Bank lists $500 million Sukuk on Nasdaq Dubai
This listing marks the bank's 9th public Sukuk issuance and first since 2020
Hospitality & Tourism
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
Markets
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
Markets
Saudi Aramco starts issuing U.S. dollar-denominated bonds
Aramco's bond issuance began on July 9 and will end on July 17
Sustainability
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
Markets
UAE’s Arada lists $400 million sukuk on Nasdaq Dubai
Arada's sukuk listing brings the total value of sukuk issuances to $93 billion
Banking & Finance
Sharjah Islamic Bank’s sukuk offering oversubscribed 3 times, raising $1.5 billion
The oversubscription highlighted the bank's financial strength and prudent management
Markets
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)
Markets
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
Banking & Finance
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
Markets
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
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
Banking & Finance
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
Banking & Finance
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
Banking & Finance
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
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