The Sukuk industry in the Gulf Co-operation Council (GCC) region is set to be one of the fastest growing segments of the Islamic finance industry with huge growth potential, particularly in Dubai, UAE, said a report.
The Dubai Cha
The Republic of South Africa will begin marketing its debut sukuk from September 8.
The roadshow will begin in London, before heading to Dubai and Abu Dhabi on September 9, Riyadh on September 10 and Qatar on the following day.
The Malaysia-based International Islamic Liquidity Management Corp (IILM) lengthened maturities in its Islamic bond programme on Monday by auctioning $400 million of six-month sukuk, its first sale of that tenor.
The IILM, a conso
Malaysia-based International Islamic Liquidity Management Corp (IILM) will raise $790 million through its Islamic bond programme next week, according to a filing with the central bank.
The IILM, a consortium of central banks from
Investors treat a company's shares differently depending on the specific types of Islamic bond it issues and the reputation of the Islamic scholars who oversee the instruments, a study by the International Monetary Fund found.
DIFC Investments, the investment arm of the company running Dubai's financial free zone, is planning to issue sukuk, four bankers told International Financing Review (IFR).
The company has appointed banks and could come to mar
Bahrain-based Gulf Finance House (GFH) has signed a memorandum of understanding with Nasdaq Dubai to list a new sukuk of $200 million.
In a filing to the Bahrain Bourse, GFH said it plans to use the proceeds from the sukuk to repay curr
The Central Bank of Bahrain (CBB) has said its monthly issue of short-term Islamic leasing bonds, Sukuk Al-Ijara, has been oversubscribed 315 per cent.
The subscriptions worth BD63 million ($166.1 million) were received for the BD
Regulators in Jordan have introduced a set of long-awaited rules for the issuance of sukuk, or Islamic bonds, paving the way for both the public and private sectors to tap into growing demand for Sharia-compliant investments.
Jeddah-based Islamic Development Bank (IDB) issued $1 billion in five-year Islamic bonds, or sukuk, earlier this month, the largest privately-placed transaction from the supranational institution.
IDB, which promotes economic deve