This issuance is the inaugural tranche of its QAR 3.4 billion Sukuk programme, which is listed on the LSE’s International Securities Market
Islamic bond
Latest in Islamic bond
Islamic bank
Islamic finance industry to hit $5.9tn by 2026
Islamic finance measured at $4tn in 2021 and is set to grow
Islamic bond
Saudi Arabia seen driving $130bn sukuk issuance in 2019 – Moody’s
Ratings agency says sukuk issuance is set to rise 6% to around $130bn this year, a fourth consecutive annual increase
Dubai Financial Market
Dubai’s Emaar says final terms signed for $500m sukuk issuance
Announcement of 10-year sukuk follows meetings with investors in Asia and London from September 6
Alain Bejjani
Dubai’s Majid Al Futtaim eyeing ‘long target list’ of e-commerce acquisitions
Majid Al Futtaim is predicting 1.5 million online orders this year, up from 4,000 in 2017
Islamic bond
Nasdaq Dubai welcomes $1bn sukuk listing by Sharjah
Emirate’s total sukuk value listed on the Dubai financial exchange has now reached $3.45bn
Capital Market Authority
Saudi government approves domestic government bond exchanges
More than $54.5 billion of riyal bonds will be available to trade
Bond
JPMorgan, HSBC among banks said to help manage Saudi dollar bond
The world’s biggest oil exporter plans to borrow the equivalent of $31 billion this year
Bond sale
Video: Why Sukuk issuance will decline in 2018
There was a spate of global Islamic bond, or sukuk, issuances in 2017, led by those from the Gulf Cooperation Council (GCC) countries. Saudi Arabia, for example, issued a $9bn sukuk, the largest ever issued globally.
investors
Opinion: Global sukuk market unlikely to repeat 2017 performance
Global uncertainties, regional tensions and tightening of money supply means fewer issuances this year
Ibdar Bank
Saudi developer plans debut sukuk for social housing
Proceeds from the sukuk would be used for Saedan’s social housing projects, which aim to address a shortage of affordable residential properties in Saudi Arabia
Bond sale
In pictures: 5 things to know about … raising finance in the GCC
Here are five of the biggest debt-raising deals for the year ahead.
GCC bonds
Video: Five Things to know about… the GCC and international debt markets
Bond issuance is likely to happen again this year as governments and businesses look to boost liquidity.
Islamic bond
Global Islamic Economy Summit to be held in Dubai in October
Dubai Islamic Economy Development Centre announces plan for fourth edition of summit
Bond sale
Gulf corporate bond sales seen balancing 2018 sovereign dip
Debt wall of about $60bn of syndicated loans and bonds due in 2018 likely to drive companies to market – analysts
Dana Gas
UAE’s Dana Gas loses UK appeal over $700m Islamic bonds
Energy firm receives another setback in the six-month old legal battle to invalidate bonds
halal
Muslim spending tops $2trn on halal economy
Report says F&B leads spending, followed by clothing, media and entertainment, travel and cosmetics in 2016