Sukuk and Islamic Finance

The sukuk will improve SAIB’s capital base and capital adequacy ratios
15 April 05:04 PM SAIB closes SAR 215m subordinated sukuk
Riyadh – Mubasher: Saudi Investment Bank (SAIB) on Monday announced the closure of its transaction of SAR 215 million sharia-compliant subordinated tier I sukuk through a private placement offer in Saudi Arabia. The sukuk will improve SAIB’s …
The Sukuk issue has an expected yield of 3.62%
15 April 02:24 PM Bahrain C.bank issues BHD 43m Sukuk
Mubasher: The Central Bank of Bahrain (CBB) on Monday stated that the BHD 43 million short-term Sukuk issue, has been oversubscribed by 529%. The Sukuk issue has an expected yield of 3.62%, compared to a 3.95% yield in the issue offered on 20 …
The Sukuk Al-Ijara have an expected yield of 3.95%
9 April 03:37 PM Bahrain C.bank issues BHD 26m Sukuk Al-Ijara
Mubasher: The Central Bank of Bahrain (CBB) on Tuesday announced that the BHD 26 million short-term Islamic leasing bonds issue, known as Sukuk Al-Ijara, has been oversubscribed by 621%. The Sukuk Al-Ijara have an expected yield of 3.95%, compared …
ADCorp has raised funds at a value surpassing $100 million in January
8 April 02:48 PM ADCorp records profit in FY18, mulls new funds in 2019
Mubasher: ADCorp announced a positive performance for its income statements for fiscal year 2018, its first year of operations. During its meeting on 26 March 2019, the board approved the FY18 financials and also approved the launch of two new …
AAOIFI will be held in Bahrain on 7 and 8 April
3 April 03:35 PM KFH to demonstrate global Sukuk listing during AAOIFI in Bahrain
Mubasher: Kuwait Finance House (KFH) will be one of the main sponsors during the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) event, the 17th Sharia Boards conference. Set to be held in Bahrain on 7 and 8 April, …
The recent issue has brought the GCC emirate’s total Sukuk value listed on the exchange raised to $3.45 billion
3 April 02:17 PM Nasdaq Dubai welcomes Emirate of Sharjah’s $1bn sukuk listing
Dubai – Mubasher: Nasdaq Dubai on Wednesday announced it has welcomed the listing of $1 billion sukuk issued by Emirate of Sharjah. The recent issue has brought the GCC emirate’s total Sukuk value listed on the exchange raised to $3.45 billion, …
The 12-month financing deal aims to finance the company’s exports
1 April 10:41 AM Saudi Ceramic inks SAR 120m murabaha deal
Riyadh – Mubasher: Saudi Ceramic Company on Sunday announced signing a SAR 120 million ($32 million) murabaha financing agreement with the International Islamic Trade Finance Corporation (ITFC). The 12-month financing deal, part of the export …
The number of redeemed sukuk amounts to 2,000.
31 March 05:03 PM Banque Saudi Fransi to early redeem SAR 2bn sukuk in June
Riyadh – Mubasher: Banque Saudi Fransi (BSF) on Sunday announced plans to early redeem its SAR 2 billion tier 2 sukuk at full face value on 18 June. The Islamic bonds, originally maturing on 18 June 2024, were issued on 18 June 2014 for SAR 2 …
The kingdom issued SAR 6.075 billion in sukuk
26 March 03:40 PM Saudi Arabia closes 1st 15-yr public sukuk issuance
Riyadh – Mubasher: Saudi Arabia on Tuesday announced the closing of its first 15-year public sukuk issuance, adding a three-year maturity to February’s issuance and a five-year maturity compared to 2018 prior issuances. The kingdom’s Debt …
The sukuk’s final amount will be specified subject to the market conditions
21 March 10:13 AM STC mulls issuing US dollar-denominated sukuk
Riyadh – Mubasher: Saudi Telecom Company (STC) on Thursday announced plans to establish a US dollar-denominated sukuk programme at up to $5 billion and issue sukuk thereunder directly or via an offshore special purpose vehicle. The issue will be …
Asian investors made up 46% of the sukuk issue
20 March 11:05 AM Qatar Islamic Bank completes $750mn sukuk issuance
Mubasher: Qatar Islamic Bank (QIB) on Wednesday announced the completion of issuing a $750 million five-year sukuk. Sukuk was priced at par with a profit rate of 3.982% and the order book was closed at $3.1 billion, representing 4.1 times …
The energy bank will be launched in the fourth quarter of 2019
19 March 11:36 AM Qatar to launch $10bn energy Islamic bank
Mubasher: Qatar on Tuesday announced the launch of the largest energy-focused Islamic bank with a capital of $10 billion. The energy bank will be launched in the fourth quarter of 2019 with a paid-up capital of $2.5 billion under the umbrella of …
The buyback has slashed the size of the sukuk from $530 million to $397 million
17 March 10:50 AM Dana Gas repurchases $133m sukuk
Abu Dhabi – Mubasher: Dana Gas, the Middle East’s largest regional natural gas company, on Sunday announced that it has bought back a total of $133 million sukuk of 4% Nile Delta sukuk certificates. The buyback has slashed the size of the sukuk …
QIB targets a five-year senior unsecured sukuk sale
12 March 04:04 PM Qatar Islamic Bank hires 6 banks for dollar sukuk issue
Mubasher: Qatar Islamic Bank (QIB) appointed six local and international banks as joint lead managers and joint bookrunners ahead of its potential US dollar-denominated sukuk issue, the Qatari lender said in a statement to the Qatar Stock Exchange …
The transaction’s financial impact will appear in Almarai’s financial results of the first quarter of 2019.
7 March 09:45 AM Almarai redeems SAR 1bn sukuk
Riyadh – Mubasher: Almarai Co said on Thursday it has redeemed the first series of sukuk at a value of SAR 1 billion. The seven-year sukuk matured on 7 March 2012, the food and beverage firm said in a statement to the Saudi Stock Exchange …
QIIB previously announced issuing $500 million sukuk as part of its $2 billion sukuk programme.
5 March 05:42 PM QIIB lists $500m sukuk on London Stock Exchange
Mubasher: Qatar International Islamic Bank (QIIB) on Tuesday listed its $500 million sukuk on the London Stock Exchange (LSE). The offering was oversubscribed about seven times, with a total value of $3.4 billion, carrying a fixed coupon of 4.264% …
The Islamic bonds will be offered in a private placement for investors
4 March 10:47 AM Jabal Omar kicks off SAR 2bn sukuk issue
Riyadh – Mubasher: Jabal Omar Development Company on Monday announced the beginning of issuing five-year domestic sukuk at a value of SAR 2 billion ($533.3 million). The Islamic bonds will be offered in a private placement for investors, according …
The tenure of the 38-month loan after rescheduling stands at six months.
3 March 10:28 AM Al Khodari reschedules SAR 135m Islamic loan
Riyadh — Mubasher: Abdullah Abdul Mohsen Al Khodari Sons on Sunday announced rescheduling a SAR 135 million sharia-compliant loan secured by Al Khodari Investment Holding Company. Al Khodari ascribed the loan restructuring to the availability of …
The five-year Islamic bonds issue has a yield of 4.31%
27 February 12:56 PM Saudi Almarai issues $500m int'l sukuk
Riyadh – Mubasher: Saudi Arabia’s Almarai Co on Wednesday said it completed issuing SAR 1.875 billion ($500 million) US dollar-denominated sukuk under the fixed rate RegS Senior system. The food and beverage firm issued 2,500 sukuk, while the par …
The offering was oversubscribed six times
27 February 12:50 PM QIIB issues $500m sukuk
Mubasher: Qatar International Islamic Bank (QIIB) on Wednesday announced issuing $500 million sukuk as part of its $2 billion sukuk programme. The offering was oversubscribed six times, mainly from investors outside the Middle East, with a total …
The issue’s magnitude will be subject to the market conditions
26 February 12:17 PM Saudi Almarai kicks-off US dollar-denominated sukuk Tuesday
Riyadh – Mubasher: Almarai Co on Tuesday announced the beginning of US dollar-denominated sukuk issue that will be under the fixed rate RegS Senior system. The issue’s magnitude will be subject to the market conditions, while it will end on 27 …
The listing reflects the close relations between the UAE and Indonesia
20 February 12:21 PM Nasdaq Dubai welcomes listing Indonesia’s $2bn green sukuk
Dubai – Mubasher: Nasdaq Dubai on Wednesday announced welcoming the listing of two green sukuk issues by the government of Indonesia, the largest sukuk issuer on the Middle East’s international stock exchange by both value and number of listings. …
Almarai will use the issue to finance its business purposes.
19 February 10:47 AM Almarai to meet investors for potential sukuk issue
Riyadh – Mubasher: Almarai Co will meet with a number of investors to issue US dollar-denominated sukuk that will be under the fixed rate RegS Senior system. The value of the Islamic bond issue will be specified over the coming period subject to …
The first tranche stood at SAR 1.8 billion
19 February 09:38 AM Saudi Arabia closes SAR 9.38bn sukuk issue – MoF
Riyadh – Mubasher: The Saudi Arabian Ministry of Finance (MoF) announced closing its three-tranch domestic sukuk issue under the Saudi government local currency sukuk programme at a value of SAR 9.376 billion. The first tranche stood at SAR 1.8 …
The Qatari lender’s profits rose 6% to QAR 882.14 million in 2018
18 February 11:31 AM QIIB begins investor roadshow for potential sukuk issue
Mubasher: Qatar International Islamic Bank (QIIB) on Monday announced starting a roadshow for meeting investors in the UK and East Asian countries as part of its previously-established sukuk programme. QIIB mandated Khaleeji Commercial …