Tawasul
Mubasher TV
Contact Us Advertising   العربية

Sukuk and Islamic Finance

The First Group appointed Shuaa Capital to arrange the anticipated transaction
13 June 09:21 AM Shuaa Capital to arrange $135m sukuk issue for First Group
UAE – Mubasher: The First Group, a leading real estate developer and investor based in Dubai, is planning to issue $135 million in sukuk, a company spokeswoman told Reuters. The group has appointed Shuaa Capital to arrange the anticipated …
The sukuk offering was listed on the Irish Stock Exchange
11 June 06:02 PM KIB receives proceeds of $300 million sukuk issue
Mubasher: Kuwait International Bank (KIB) on Tuesday announced that it received the proceeds of $300 million AT1 sukuk. The sukuk offering was listed on the Irish Stock Exchange (Euronext Dublin), according to a bourse statement. In May, the …
The shareholders in DIB will weigh up the acquisition of 100% stake in Noor Bank
10 June 09:48 AM DIB considers acquisition of Noor Bank
Dubai – Mubasher: The board of directors of Dubai Islamic Bank (DIB) has recommended during the bank’s general meeting to consider the full acquisition of Noor Bank’s shares. The shareholders in DIB will weigh up the acquisition of 100% stake in …
This newly-launched index will offer a new revolving instrument to annalise USD-denominated sukuks in global markets
9 June 02:15 PM KFH Capital arranges $5bn sukuk issues
Mubasher: KFH Capital, the investment arm of Kuwait Finance House (KFH), has been placed in leading positions among regional and international sukuk issuers, the company’s chief investment banking officer said. KFH Capital acted as one of the …
The issue comes along with the company’s $5 billion sukuk programme
9 June 01:27 PM KFH Capital arranges 1st sukuk transaction for STC
Mubasher: Kuwait's KFH Capital has finalised the arrangement of its first sukuk issue transaction for the Saudi Telecom Company (STC), valued at $1.25 billion. Abdullah Sulaiman Al Haddad, chief investment banking officer of KFH Capital, said that …
This AT1 Sukuk has been issued as an advanced capital instrument
30 May 02:55 PM KIB issues $300m AT1 perpetual Sukuk
Mubasher: KIB has issued AT1 perpetual Sukuk at a total value of $300 million under Tier 1 capital as per Basel III and CBK guidelines at an annual profit rate of 5.625%. This sukuk issue comes as a result of the bank’s outstanding achievements …
Securities of the Indonesian government now total $15 billion from 11 issuances
26 May 01:08 PM Indonesia celebrates listing $2bn green Sukuk on Nasdaq Dubai
Dubai - Mubasher: The government of Indonesia on Sunday celebrated the listing of two green sukuk worth a combined of $2 billion on the Nasdaq Dubai Market. The Asian country aims to use the raised capital from the sukuk in a number of projects …
The sukuk are payable in 28 May
23 May 10:00 PM Dar Al Arkan redeems SAR 1.5bn sukuk
Riyadh – Mubasher: Dar Al Arkan Real Estate Development Company has announced the redeeming of SAR 1.5 billion ($400 million) SERIES 3 MTN 2019 Sukuk payable on 28 May. Earlier in 2019, the Tadawul-listed company bought SAR 264.3 billion ($70.48 …
NBK Research also predicts regional issuance to remain solid in 2019
23 May 11:32 AM GCC bond, sukuk issuance surges $32bn in Q1– NBK Research
Mubasher: The issuance of bonds and sukuk in the Gulf region has soared by $32 billion during the first quarter of 2019. The surge in Q1 bond and sukuk issuance in the GCC has raised outstanding debt in the region to $478 billion. Meanwhile, …
Amanat will submit its financials to Dar Al Dharia for periodic review
19 May 11:08 AM Amanat confirms shares compliance with Islamic Sharia
Dubai – Mubasher: Amanat Holdings on Sunday announced that its shares are compatible with the principles of Islamic Sharia according to the certificate issued by Dar Al Sharia Limited. Dar Al Sharia has reviewed Amanat’s financial statements for …
The subscription will be limited to professional clients
16 May 07:47 PM Kuwait’s CMA approves KIB’s $300m perpetual sukuk
Mubasher: Kuwait’s Capital Markets Authority (CMA) on Thursday approved Kuwait International Bank’s (KIB) request to issue up to $300 million perpetual additional Tier 1 capital securities. The subscription will be limited to professional clients …
Majid Al Futtaim’s bonds listed on Nasdaq Dubai hit $2.4 billion
16 May 01:07 AM Majid Al Futtaim rings Nasdaq Dubai’s bell for $600m sukuk listing
Dubai – Mubasher: leading Emirati shopping mall and leisure pioneer Majid Al Futtaim on Wednesday marked the listing of $600 million green sukuk. Considered the first benchmark corporate green sukuk and the first green sukuk issued by a corporate …
The company will issue domestic sukuk worth SAR 5.3 billion
9 May 11:01 AM Savola to launch SAR-denominated sukuk programme
Riyadh – Mubasher: The Savola Group Company (Savola) plans to establish a Sukuk Programme and issue sukuk thereunder either directly or through launching a special purpose vehicle (SPV). The SPV will be established inside or outside of Saudi …
NMC Health was established in 1975
8 May 02:21 PM KIB acts as lead arranger for $80m financing for UAE’s NMC Health
Mubasher: The leading bank in Kuwait KIB has acted as a Mandated Lead Arranger and Structuring Advisor in a one-year revolving syndicated Murabaha facility for NMC Healthcare (NMC), one of the largest UAE healthcare providers in the region. This …
The proceeds of the sukuk will support eco-friendly projects
7 May 01:59 PM Majid Al Futtaim markets 10-yr USD-denominated green sukuk
Dubai – Mubasher: UAE-based shopping mall developer and operator Majid Al Futtaim has started to promote for its 10-year US dollar-denominated green sukuk at around 245 basis points over average swap rates, a document by one of the banks managing …
The 10-year sukuk carries a return of 3.890%
5 May 12:39 PM STC closes $1.25bn 1st US dollar sukuk issue
Riyadh – Mubasher: The Saudi Telecom Co (STC) announced that its subsidiary, STC Sukuk Company Limited, has completed the offering of its first international US dollar-denominated sukuk worth $1.25 billion (SAR 4.7 billion). The issue comprises …
The issuance is slated for the third quarter
2 May 08:29 PM Saudi Arabia may issue $5bn int’l sukuk in Q3
Riyadh – Mubasher: Saudi Arabia is planning to issue from $3 billion to $5 billion worth of international sukuk in line with the kingdom’s endeavours to diversify resources, head of debt management office (DMO) told Reuters. The issuance is slated …
IDB’s listings on Nasdaq Dubai hit a total value of $12.54 billion
28 April 12:43 PM IDB lists $1.5bn sukuk on Nasdaq Dubai
UAE – Mubasher: Islamic Development Bank (IDB), a multilateral development finance institution that is focused on Islamic finance located in Saudi Arabia, has made its 10th listing of $1.5 billion sukuk on Nasdaq Dubai. Accordingly, IDB’s listings …
The deal will finance Mouwasat hospital in Khobar
25 April 03:59 PM Mouwasat inks SAR 167m murabaha deal with Project Support Fund
Riyadh – Mubasher: Mouwasat Medical Services on Thursday announced signing a murabaha financing agreement with the Project Support Fund, affiliated to the kingdom’s finance ministry. The SAR 169.85 million ($45.29 million) deal aims to finance …
The issue is set to be closed on 30 June
25 April 03:44 PM STC to offer its 1st US dollar sukuk issue on Friday
Riyadh – Mubasher: The Saudi Telecom Company (STC) will offer the first issue of its US dollar-denominated sukuk on Friday, 26 April. The size of the issue, set to be closed on 30 June, will be specified subject to the market’s condition and …
The move aims to enhance the kingdom’s domestic sukuk market
25 April 12:47 PM Saudi MoF trims local sukuk’s par value to SAR 1,000
Riyadh – Mubasher: The Saudi Ministry of Finance’s (MoF) Debt Management Office (DMO) has announced reducing the par value of riyal-denominated sukuk. The sukuk’s par value was trimmed to SAR 1,000 a piece from SAR 1 million, the MoF added, …
The volume of the 30-year sukuk issue amounted to SAR 11.619 billion
25 April 12:13 PM Saudi Arabia issues first-ever 30-yr local sukuk
Riyadh – Mubasher: The Saudi Ministry of Finance’s (MoF) Debt Management Office (DMO) has completed the fourth issue of domestic sukuk this year, with the first-ever issuance of riyal-denominated Islamic bonds with a 30-year maturity. “This …
Headquarters of the Abu Dhabi Islamic Bank
22 April 03:46 PM ADIB records AED 600m net profit in Q1-19
Abu Dhabi – Mubasher: The Abu Dhabi Islamic Bank (ADIB) achieved an increase of 1.7% in net profit to AED 600.3 million during the first quarter of 2019 compared to AED 590.4 million in the same period last year. Net revenues grew by 5.3% to AED …
The Saudi lender’s investment portfolio grew 30% in Q1-19
22 April 01:51 PM Alinma Bank invests SAR 13bn in gov’t sukuk – CEO
Riyadh – Mubasher: Alinma Bank has invested SAR 16 billion ($4.27 billion) in sukuk, including SAR 13 billion ($3.47 billion) in government sukuk, the lender’s CEO told Al Arabiya. The 30% year-on-year growth in the Saudi lender’s financing and …
Dar Al Arkan has no plans to issue new sukuk in the meantime
22 April 11:19 AM Dar Al Arkan to redeem SAR 1.5bn sukuk
Riyadh – Mubasher: Dar Al Arkan Real Estate Development Company said it will redeem SAR 1.5 billion ($400 million) 2019 Sukuk from the company’s internal cash reserves. The sukuk, listed on the Irish Stock Exchange and Nasdaq Dubai, are due to …