Sukuk and Islamic Finance

The figures include central banks' local issues, GCC sovereign and corporate issuances
31 July 06:37 PM GCC debt instruments grow 10% in H1 - Report
Mubasher: Primary bond and sukuk issues in the GCC countries went up 9.64% in the first half of the year, according to a recent report by the Kuwait Financial Centre (Markaz). The figures include central banks' local issues, GCC sovereign and …
The facility was settled by making a $34 million payment
29 July 11:15 AM GFH Financial Group settles $200m sukuk
Dubai – Mubasher: GFH Financial Group has announced that it fully paid the amount of $200 million sukuk. Drawn in 2007, the facility, which is scheduled to be paid in several tranches with its final maturity in July 2018, was settled by GFH after …
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26 July 06:53 PM Saudi German Hospital inks SAR 700m Islamic loans
Riyadh - Mubasher: Middle East Healthcare (Saudi German Hospital) on Thursday announced two Islamic financing agreements. The company signed an SAR 500 million Musharka agreement with Alinma Bank, with the loan availability period lasting until …
ADIB's board proposed a capital hike via a rights issue and sukuk
26 July 03:20 PM ADIB proposes AED 1bn rights issue, AED 2.75bn sukuk
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank's (ADIB) board on Thursday recommended raising the bank's capital through a rights issue by issuing 464 million new shares at a nominal value of AED 1 per share added to an issuance premium of AED 1.16 …
The first tranche will stand at SAR 2.1 billion
26 July 11:45 AM Saudi Arabia closes SAR 3.47bn sukuk issue requests – MoF
Riyadh – Mubasher: The Saudi Ministry of Finance (MoF) announced finishing receiving investors’ requests to participate in its three-tranche SAR 3.4 billion local sukuk issue during this month.  The first tranche will amount to SAR 2.1 billion, …
Stellar is the first blockchain protocol to receive Sharia compliance certification
17 July 05:35 PM Stellar.org receives Sharia compliance certification
Mubasher: The nonprofit Stellar.org, which promotes financial access and inclusion, announced on Tuesday that it has a received Sharia compliance certification for the Stellar network, according to a recent statement. The Shariyah Review Bureau …
“Dana did not want to be in a litigation"
12 July 04:04 PM Dana Gas seeks to complete sukuk settlement
By: Mahmoud Gamal Abu Dhabi – Mubasher: Dana Gas is keen on fulfilling all the legal requirements for the settlement in the sukuk case in the UAE and UK by the end of the month, head of investor relations Mohammmed Mubaideen told Mubasher. In …
Al Khodari Sons renewed an Islamic facilities agreement with Riyad Bank worth SAR 231.377 million
12 July 09:57 AM Al Khodari Sons renews SAR 231m Islamic loan
Riyadh – Mubasher: Abdullah Abdul Mohsen Al Khodari Sons Company on Thursday said it has renewed an existing Islamic facilities agreement with Riyad Bank at a value of SAR 231.377 million ($61.7 million). The loan aims to provide bonding …
The board authorised the executive administration to complete regulatory procedures
4 July 10:18 AM Union Properties to issue AED 500m sukuk
Dubai – Mubasher: The UAE-based Union Properties’ (UPP) on Wednesday announced that the board of directors had approved an AED 500 million sukuk issuance during a meeting held the previous day. The board authorised the executive administration to …