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This growth highlights the country's evolving financial landscape and its strategic role within the sukuk market
With fractional sukuk, retail investors can invest as little as $1,000 in the sukuk market rather than a minimum of $200,000
The agency notes a rise in foreign currency sukuk issuance, particularly in real estate and finance, to attract foreign investment
The country has successfully completed 37 bond issues amounting to a total of $18.51 billion
The auction attracted interest from eight primary dealers for both tranches maturing in May 2027 and September 2029
Dubai Islamic Bank currently boasts an outstanding value of over $9 billion through 11 sukuk listings on Nasdaq Dubai
Nasser noted that Asia and the Global South are often overlooked in transition plans, impacting the world
Total volume of sustainable sukuk globally reached $7.1 billion in the first nine months of 2024, down 11 percent year-on-year
The issuance drew a diverse investor base, including banks and fund managers from Europe, Asia, and the Middle East
Fitch expects rates to reach 4.5 percent at the end of 2024 and 3.5 percent at the end of 2025, boosting Q4 and 2025's issuance activity
T-bills have maturities of 7 days, 28 days, 91 days, 182 days, 301 days, and 364 days
Issuance supports Aramco’s efforts to diversify and broaden its investor base, further enhance liquidity and re-establish its sukuk yield curve
