Tawasul
Mubasher TV
Contact Us Advertising   العربية

Sukuk and Islamic Finance

The Sukuk has a five-year maturity from its issuance date
30 March 10:14 AM Gulf Navigation's OGM to issue AED 125m Sukuk
Dubai – Mubasher: The ordinary general meeting (OGM) of Gulf Navigation Holding (GNH) has approved issuing five-year Sukuk at a total value of AED 125 million. During the meeting, shareholders authorised the board to determine the Sukuk issuance …
Ministry of Finance - Saudi Arabia
27 March 06:21 PM Saudi Arabia closes March Sukuk issuance
Riyadh – Mubasher: The Saudi Ministry of Finance has closed the March 2020 issuance under the Saudi Arabian Government SAR-denominated Sukuk program. With an issuance size of SAR 15.568 billion, the offering was through three tranches, according …
Moody's assigned a 'Negative' outlook to EQUATE's new GMTN programme
23 March 02:51 PM Moody's assigns Baa2 rating to EQUATE's GMTN programme
Mubasher: Moody's Investors Service has assigned a (P) Baa2 rating to EQUATE Petrochemical Company’s new GMTN programme that is established under MEGlobal Canada ULC, with a ‘Negative’ outlook. The rating and outlook mirror the previously …
Sharjah has listed a $200m Sukuk on Nasdaq Dubai
22 March 04:07 PM Sharjah lists $200m Sukuk on Nasdaq Dubai
Dubai – Mubasher: The Emirate of Sharjah has listed a $200 million Sukuk on Nasdaq Dubai, bringing the total value of Sukuk listed in Dubai to $67.06 billion. On 19 March 2020, Sharjah has listed its latest $200 million Sukuk, according to a press …
The sukuk may be offered through various single or multiple issuances
17 March 05:39 PM Arabian Centres approves $1bn sukuk
Riyadh – Mubasher: Arabian Centres Company’s shareholders have approved the issuance of Sharia-compliant Sukuk worth up to $1 billion, during the extraordinary general meeting (EGM) on Monday. The Sukuk may be offered through various single or …
Bank investments in government bonds reached SAR 386.69 billion in January
2 March 02:15 PM Saudi banks raise investments in gov’t bonds
Mubasher: Banks operating in Saudi Arabia has raised its investments in government bonds by 20.67% in January 2020, as shown by the data of the Saudi Arabian Monetary Authority (SAMA). Bank investments in governmental and semi-governmental bonds …
The term Murabaha facility’s duration is seven years
2 March 02:01 PM Alhokair agrees $800m Murabaha term facility
Riyadh – Mubasher: Fawaz Abdulaziz Alhokair Company has signed a Murabaha and revolving credit facility agreements with a number of banks. Al Rajhi, NCB, Samba, ANB, Mashreq, and ADCB will provide a credit facility with a total value of $800 …
This marks the bank's largest Sukuk issuance by value
1 March 01:28 PM Nasdaq Dubai lists $2bn Sukuk by IsDB
UAE – Mubadala: Nasdaq Dubai has welcomed the listing of five-year Sukuk issued by Islamic Development Bank (IsDB) at a value of $2 billion. The Sukuk is the largest by value to be listed on Nasdaq Dubai by IsDB, the multilateral lender which …
Nasdaq Dubai has welcomed listing of $400m Sukuk by Dar Al-Arkan
26 February 11:28 AM Nasdaq Dubai welcomes Dar Al-Arkan’s $400m Sukuk listing
Mubasher: Nasdaq Dubai has welcomed the listing of $400 million Sukuk by Saudi Arabia's Dar Al-Arkan, one of the leading real estate companies in the Middle East. Following the $400-million listing, the total value of Dar Al-Arkan’s Sukuk in …
The five-year Sukuk issuance was oversubscribed 2.5 times
25 February 04:12 PM GFH rings bell for listing $300m Sukuk in Nasdaq
Mubasher: The Bahraini GFH Financial Group rang Nasdaq Dubai’s market opening bell for listing $300 million Sukuk. The five-year Sukuk issuance was oversubscribed 2.5 times with a total book value of over $750 million, according to a press release …
Photo Archive
20 February 09:57 AM Dar Al Arkan issues SAR 1.5bn unsecured Sukuk
Riyadh – Mubasher: Dar Al-Arkan Real Estate Development Company announced the closing of the seventh tranche Sukuk issuance under its US dollar denominated Sukuk Programme, with a size of SAR 1.5 billion ($400 million). The order book for the …
The offering will mature on 25 February
19 February 10:32 AM Riyad Bank completes 1st offering of int’l sukuk
Riyadh – Mubasher: Riyad Bank announced the completion of the first offering of its international tier 2 dollar-denominated sukuk. The Saudi lender issued a total of 7,500 sukuk at a nominal value of $200,000 apiece, totalling $1.5 billion, …
Photo Archive
18 February 11:32 AM Riyad Bank launches int’l Sukuk programme
Riyadh – Mubasher: Riyad Bank has launched its international Sukuk programme on Tuesday. The bank announced the commencement of the first offer of its international tier 2 US dollar-denominated Sukuk, according to a statement to the Saudi Stock …
Photo Archive
16 February 11:51 AM Dar Alarkan intends to issue dollar Sukuk
Riyadh – Mubasher: Dar Alarkan Real Estate Development Company plans to issue seven-year US dollar senior unsecured Sukuk. The company revealed its intention to issue the fixed-rate regulation s Sukuk in a statement to the Saudi Stock Exchange …
DIB's net income grew by 13% to AED 9.266 billion
13 February 12:07 PM DIB reports higher net profits at AED 5.102bn in 2019; dividends proposed
Dubai – Mubasher: Dubai Islamic Bank (DIB) reported a 2% year-on-year (YoY) increase in net profits to AED 5.102 billion in 2019 from AED 5.003 billion in 2018, according to the bank’s consolidated financial statements for 2019. The bank’s net …