Bahrain sukuk will be listed on the London Stock Exchange’s Main Market
Sukuk
Latest in Sukuk
bonds
GCC IPOs increase in value despite volume slump in Q3 as bonds raise and Sukuks raise $9.6bn
GCC IPO market remains positive with a healthy pipeline of companies looking to launch IPOs
Sukuk
UAE treasury bonds and sukuk hit $6.8bn milestone
Both programmes have seen strong demand, with auctions consistently oversubscribed
Sukuk
UAE’s AED1.1 billion Islamic Treasury Sukuk issue gets 5.7 times oversubscribed
The success of the latest T-Sukuk auction is attributed to its attractive market driven prices
Arada
Sharjah real estate developer Arada’s $400mn sukuk issuance draws robust investor demand, oversubscribed 3.5 times
The Sukuk issuance saw strong demand from both regional and international investors
Green bonds
UAE and Saudi Arabia lead $24bn MENA green bond league table
The UAE and Saudi Arabia accounted for 77 per cent of green bonds in the MENA region last year
Fitch Ratings
Global sukuk market reaches $823.4bn, grows 9.8%
Fitch Ratings forecasts upwards trend for global sukuk market
Green bonds
SCA-registered green bonds and sukuks cross $4.2bn in 2023
Chairman Al Shorafa says UAE government’s decision to exempt registration fee for issuing these sukuk and bonds has led to the surge
PIF
Saudi Arabia’s PIF announces $3.5bn sukuk
PIF to raise $3.5bn through sukuk sale in Saudi Arabia
Arada
Arada celebrates $500m Nasdaq Dubai sukuk
UAE master developer Arada lists $500m sukuk on Nasdaq Dubai exchange
bond issuance
Saudi Arabia receives SAR 8.3bn bids for its Sukuk debt programme for March
The debt issuance is in line with NDMC’s approved annual borrowing plan
Debt Management Office
Dubai repays $1bn of Sukuk
Dubai Government fully redeems Sukuk launched in 2013
Damac
Emirates NBD arranges Damac’s $200m unsecured sukuk
The bank was the sole global coordinator, placement and settlement agent in what was its third private placement for the property company
bond issuance
Saudi local Sukuk oversubscribed $2.35bn
The Sukuk issuance was divided into two tranches: the first tranche with a size of SAR1,266 billion maturing in 2030
Dubai
DIB lists its $750 million maiden sustainable Sukuk on Nasdaq Dubai
The new listing will take the total value of ESG-linked bonds and Sukuk listed on Nasdaq Dubai to $16.825 billion
Islamic bank
Islamic finance industry to hit $5.9tn by 2026
Islamic finance measured at $4tn in 2021 and is set to grow