Sukuk and Islamic Finance

SIB listed two $500 million sukuk on the Nasdaq Dubai
18 April 03:55 PM Nasdaq Dubai welcomes AED 3.3bn sukuk listing
Dubai – Mubasher: The Nasdaq Dubai exchange has welcomed the listing of AED 3.3 billion ($900 million) sukuk by Sharjah Islamic Bank (SIB) and DAMAC Properties. The last sukuk listing – AED 1.8 billion ($500 million) by SIB and AED 1.47 billion …
The new sukuk was marketed on Wednesday
12 April 12:01 PM Damac sells $400m 5-yr sukuk
Dubai – Mubasher: DAMAC Properties has launched a $400 million (AED 1.47 billion) sukuk sale, with a five-year maturity and a yield of 6.625%. The Dubai-based and listed developer announced that it received around $850 million (AED 3.12 billion) …
QCB had issued debt notes worth 47.5 billion riyals in 2017
3 April 02:44 PM QCB to issue QAR 47.5bn debt notes in 2018
Mubasher: Qatar Central Bank’s (QCB) intends to issue the 2017 same amount of debt instruments this year. Sheikh Abdullah bin Saud al-Thani, QCB governor, expected that the bank will issue bonds and sukuk at a combined value of QAR 47.5 billion …
The notes will be issued in the coming weeks
2 April 03:23 PM Sharjah Islamic Bank to issue $500m sukuk
Abu Dhabi – Mubasher: Sharjah Islamic Bank (SIB) has mandated HSBC and Standard Chartered to coordinate an over $500 million (EUR 355.6 million) sukuk sale, with a five-year maturity. The notes will be issued in the coming weeks, while the sale …
DAMAC is projected to hire more banks to arrange the Islamic bond sale
2 April 09:51 AM Dubai’s DAMAC hires int’l banks for potential sukuk sale
Dubai – Mubasher: DAMAC Properties Dubai Co has appointed banks, including Barclays and HSBC Bank to manage a potential sale of US dollar-denominated sukuk. The Dubai-based real estate developer is projected to hire more banks to arrange the …
The new sukuk will boost Dar Al-Arkan’s investments
1 April 12:51 PM Nasdaq Dubai welcomes Dar Alarkan’s $500m sukuk listing
Dubai – Mubasher: Nasdaq Dubai has celebrated the listing of five-year $500 million sukuk by Dar Alarkan Real Estate Development Company. Oversubscribed by two times, the new sukuk will boost Dar Al-Arkan’s investments and real estate activities …
The sukuk sale will be issued as a private placement
28 March 11:13 AM DSI to issue AED 450m convertible sukuk in Q2
Dubai – Mubasher: Drake & Scull International (DSI) has unveiled plans to issue a 5-year AED 450 million convertible sukuk in the second quarter of 2018. The sukuk sale will be issued as a private placement or public issuance at a price of AED 3 …
Photo Archive
27 March 08:33 PM QIIB to issue $400-500m Sukuk
Mubasher: The CEO of Qatar International Islamic Bank (QIIB) said that the second tranche of the mudarabah sukuk will be issued at a total value between $400 to 500 million. Abdulbasit Al Shaibei added that the decision comes after studying …
The Qatari bank has issued QAR 1 billion sukuk in 2016
27 March 09:16 AM QIIB to pay QAR 4/shr dividends for FY17
Mubasher: The ordinary general meeting (OGM) of Qatar International Islamic Bank (QIIB) has approved the board’s recommendation to distribute 40% of capital as a cash dividend for fiscal year 2017. The Qatar-listed bank will pay QAR 4 per share to …
The Islamic bond sale will boost the SAIB's capital base
21 March 04:56 PM SAIB closes SAR 1bn sukuk sale
Riyadh – Mubasher: The Saudi Investment Bank (SAIB) has sold a SAR 1 billion Shariah-compliant Tier I Sukuk through a private placement offer in Saudi Arabia. The Islamic bond sale will boost the SAIB's capital base and adequacy ratios, the …
The sukuk issue amounted to SAR 4.85 billion
20 March 02:17 PM Saudi Arabia completes 5th domestic sukuk issue – Ministry
Riyadh – Mubasher: The Saudi Ministry of Finance (MoF) announced finalising its local tap issue of Islamic bonds under the government’s SAR-denominated sukuk programme. The issue’s volume amounted to SAR 4.85 billion, while the total volume of …
Nasdaq Dubai lists $1.25bn Islamic Development Bank sukuk
18 March 02:50 PM Nasdaq Dubai lists $1.25bn Islamic Development Bank sukuk
Mubasher: Nasdaq Dubai on Sunday announced listing the $1.25 billion sukuk for the Islamic Development Bank (IDB). This new listing raises the number of IDB’s sukuk on the Dubai-based exchange to nine, while their total value amounts to $11.5 …
Emirates will use the raised amount to fund “general corporate purposes”
18 March 10:47 AM Emirates to sell $600 million 10-yrs sukuk
Dubai – Mubasher: Emirates plans to launch a $600 million 10-year sukuk at a profit rate of 4.5%, according to a company statement. “The yield was cut from an initial guidance, which was in the high 4% range,” Bloomberg reported, citing a source …
Sharjah listed $750 million sukuk in 2014
15 March 04:17 PM Nasdaq Dubai welcomes $1bn sukuk listing by Sharjah
Dubai – Mubasher: The Nasdaq Dubai exchange welcomed the listing of a 10-year $1 billion sukuk issued by the Emirate of Sharjah, the UAE-based bourse announced on Thursday. The new listing increased the total value of sukuk listed in Dubai to …
The fifth tranche of the sukuk programme will be matured by 2023
15 March 10:12 AM Saudi Dar Al Arkan issues SAR 1.88bn sukuk
Riyadh – Mubasher: Saudi Arabia-based Dar Al Arkan Real Estate Development Company on Thursday announced closing the fifth tranche of sukuk issuance under its dollar-denominated Islamic sukuk programme at a value of SAR 1.875 billion ($500 …
Investors can subscribe in the new note until 24 March 2018
14 March 11:47 AM ADIB launches 12-M protected equities basket note
Abu Dhabi - Mubasher: Abu Dhabi Islamic Bank (ADIB) launched on Wednesday a capital-protected, Sharia-compliant equities basket note with a 12-month maturity aimed at identifying the growth potential of companies operating in the cybersecurity …
Sukuk issuance will boost the group’s plans and operations
14 March 10:08 AM Emirates to issue AED 4bn sukuk - chairman
Dubai - Mubasher: Dubai-based airline Emirates plans to raise AED 4 billion through an Islamic bond sale, chairman of the world's largest airline by international passengers Ahmed bin Saeed Al Maktoum said.    Sukuk issuance will boost the group’s …
The maturity date of both sukuk and bonds is 12 March 2023
13 March 03:05 PM QCB sells sukuk, bonds for QAR 2bn
Mubasher: The Qatar Central Bank (QCB) has sold sukuk and bonds amounting to QAR 2 billion ($549.4 million) on Monday 12 March 2018. The bank sold five-year conventional bonds at a total value of QAR 1.1 billion, while the issued sukuk amounted to …
“The orders also apply to Dana’s board of directors"
13 March 11:58 AM Sharjah Court shrugs off UK legal orders in Dana’s sukuk case
Abu Dhabi – Mubasher: The Sharjah Court of First Instance issued orders regarding Dana Gas’ sukuk case prohibiting the Abu Dhabi-listed energy company from withdrawing, discharging, or abandoning the court’s orders in favour of Dana or the …
11 March 11:42 AM Dana Gas seeks deal with sukuk holders
Abu Dhabi – Mubasher: Dana Gas is on the verge of making a deal with sukuk holders to restructure its $700 million Islamic bonds matured on 7 October 2017, sources familiar with the matter said. The Abu Dhabi-listed gas producer offered two …