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Sukuk and Islamic Finance

The sukuk has a coupon rate of 3.875%
16 October 09:39 AM Aldar’s unit raises $500m in sukuk placement
Abu Dhabi - Mubasher: Aldar Investment Properties, a wholly-owned subsidiary of Aldar Properties, announced it has raised a nominal amount of $500 million by placing a fixed rate US dollar-denominated sukuk with a tenor of 10 years. The …
The approval means that the legal requirements have been met
14 October 09:51 AM CMA approves public offering of Al Mubarak Saudi Sovereign Sukuk Fund
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved the public offering by the Arab National Investment Company of Al Mubarak Saudi Sovereign Sukuk Fund. The approval of the fund should never be considered as a recommendation …
The issuance received significant interest from international market participants
10 October 11:12 AM Dar Alarkan completes issuing US fixed-rate RegS Senior unsecured Sukuk
Riyadh – Mubasher: Dar Alarkan Real Estate Development Company has completed issuing US fixed-rate RegS Senior Unsecured Sukuk. The company has successfully closed the sixth tranche Sukuk issuance under its dollar-denominated Islamic Sukuk …
The offer is set to be priced on 15 October 2019
9 October 03:35 PM Aldar’s arm to start roadshow for USD sukuk issue
Abu Dhabi - Mubasher: Abu Dhabi-based Aldar Properties on Wednesday announced that its wholly-owned subsidiary Aldar Investment Properties LLC will start a series of fixed income investor meetings in Europe, Asia, and the Middle East as of 10 …
This is the second sukuk listing by Warba Bank of Nasdaq Dubai
9 October 01:27 PM Kuwait’s Warba Bank lists $500m Sukuk on Nasdaq Dubai
Mubasher: Nasdaq Dubai has welcomed the listing of Warba Bank, one of Kuwait’s leading banks, with the bank’s chief executive Shaheen Al-Ghanem celebrating the listing by ringing the market-opening bell. The bank aims at supporting its expansion …
Kuwait Business Town’s profits increased by 62.3% in Q2-19
8 October 04:08 PM Kuwait Business Town inks KWD 16.5m Islamic loan deal
Mubasher: Kuwait Business Town Real Estate signed a seven-year Islamic credit facilities contract with a local bank at a value not more than KWD 16.5 million. The facilities will be used in the settlement and repayment of KWD 5.6 million worth of …
Aldar plans to sell sukuk with a 10-year maturity and a benchmark size of not less than $500 million
8 October 03:59 PM Aldar Properties’ arm appoints banks for US dollar sukuk issue
Abu Dhabi – Mubasher: Aldar Investment Properties, a wholly-owned subsidiary of the leading Abu Dhabi-based developer Aldar Properties, has appointed a group of banks to arrange investor meetings ahead of a planned US dollar-denominated sukuk or …
The sukuk and bond were listed on the exchange on 30 September 2019
2 October 11:46 AM DP World lists $1bn sukuk, bond on Nasdaq Dubai
UAE – Mubasher: Nasdaq Dubai on Wednesday revealed it has welcomed the listing of a $500 million sukuk as well as a $500 million conventional bond issued by the global port operator DP World. The sukuk and bond were listed on the exchange on 30 …
Ssukuk issuance will be subject to approvals from competent authorities
2 October 10:38 AM Dar Alarkan mulls issuing US fixed rate ‘’RegS’’ senior unsecured sukuk
Riyadh – Mubasher: Dar Alarkan Real Estate Development Company announced its intention to issue five-year Regulation S US fixed rate benchmark senior unsecured sukuk, based on the board meeting held on 10 September 2019 corresponding to 11/1/1441 …
The 10-year sukuk is part of Emaar’s $2 billion bond issuance programme
30 September 01:09 PM Emaar Properties lists $500m sukuk on Nasdaq Dubai
Dubai – Mubasher: Emaar Properties on Monday announced it has listed a $500 million sukuk on the Nasdaq Dubai with the company’s chairman Mohamed Alabbar celebrating the listing by ringing the exchange’s opening bell. The 10-year sukuk, which is …
The issue was oversubscribed by 6.3x
24 September 02:28 PM NBK Capital manages Warba Bank’s $500m sukuk issue
Mubasher: NBK Capital, a subsidiary of National Bank of Kuwait (NBK), has acted as a local bookrunner among other regional and global bookrunners for Warba Bank’s five-year $500 million unsecured sukuk issue, according to a statement released on …
The new issue has reflected the positive response from investors
18 September 05:15 PM Warba Bank issues $500m sukuk; oversubscribed 6.3 times
Mubasher: Warba Bank announced the issue of $500 million unsecured sukuk for a specific period of five years. This issue is the first of its kind to be issued from a Kuwaiti financial entity, and it will be listed on Nasdaq Dubai and the Irish …
The credit facilities aim to fund MEPCO’s capital
17 September 05:02 PM MEPCO renews, amends banking facilities with Al Rajhi Bank
Riyadh – Mubasher: Middle East Paper Co. (MEPCO) announced the renewal and amendment of a credit facilities deal with Al Rajhi Bank pursuant to the provisions of Islamic Shariah, according to a disclosure to the Saudi Stock Exchange (Tadawul) on …
Emaar's trust certificates carry an annual return of 3.875%
17 September 09:46 AM Emaar Properties inks terms of $500m trust certificates issue
Dubai – Mubasher: Emaar Properties has signed the final terms of issuing $500 million trust certificates. These certificates carry an annual return of 3.875% and will be matured in 2029, according to a disclosure to the Dubai Financial Market …
The Central Bank of Kuwait (CBK) approved the sukuk issue in July 2019
11 September 10:33 AM CMA nods to Warba Bank’s $500m sukuk prospectus
Mubasher: Kuwait’s Capital Markets Authority (CMA) has approved Warba Bank’s prospectus of the new sukuk issue at a value not exceeding $500 million on Monday, 9 September 2019, the bank disclosed to Boursa Kuwait on Wednesday. Earlier in …
he sukuk issuance has received orders of around $2.5 billion
11 September 09:26 AM Emaar Properties’ 10-yr sukuk issue attracts $2.5bn orders
Dubai – Mubasher: Emaar Properties, a leading global property developer, has raised $500 million from the sale of the 10-year US dollar-denominated sukuk, according to a document issued by one of the banks managing the deal. The sukuk issuance has …
The deal will offer investors 255 basis points
10 September 05:09 PM Emaar Properties may issue $500m sukuk
Dubai – Mubasher: Emaar Properties is expected to launch $500 million sukuk, according to Reuters. The deal will offer investors from 250 to 255 basis points over mid-swaps, the international news agency reported on Tuesday. Earlier in September, …
The CBB
7 September 11:19 PM Bahrain C. Bank issues BHD 26m sukuk
Mubasher: The Central Bank of Bahrain’s (CBB) BHD 26-million monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, has been oversubscribed by 532%. Receiving BHD 138.309 million in subscription, the issue will be mature in 182 …
The meetings will be held in Singapore, Hong Kong, and London as of 6 September 2019
3 September 09:34 AM Emaar Properties appoints banks for 10-yr sukuk issue
Dubai – Mubasher: Emaar Properties, a global leading real estate developer based in Dubai, announced the appointment of Standard Chartered Bank as sole global coordinator and Dubai Islamic Banks as Shariah advisor. The two banks will be acting …
The issuance is part of a sukuk programme at a maximum value of $2 billion
1 September 05:33 PM Warba Bank gets CMA’s nod to issue $500m sukuk
Mubasher: Warba Bank has received the Kuwaiti Capital Markets Authority's (CMA) approval to issue sukuk at a value not exceeding $500 million. The issuance is part of a sukuk programme at a maximum value of $2 billion, the bank said in a statement …
Green sukuk market is expected to grow further
27 August 09:43 PM Global sukuk issuance to equal $130bn in 2019
Mubasher: The value of global sukuk issuance is expected to increase by 6% to reach $130 billion in 2019, which represents a fourth consecutive annual increase, according to a report released on Tuesday by Moody's Investors Service. That forecast …
Brokerage arms of Islamic banks are now able to trade ADNOC Distribution shares
25 August 09:03 AM ADNOC Distribution unveils certification of shares as shari’a compliant
Abu Dhabi - Mubasher: ADNOC Distribution, the leading fuel distributor in the UAE, on Sunday announced the certification of its shares as Shari’a compliant based on the screening assessment recently made by The Unified Committee of Islamic Banks …
Tadawul
23 August 05:18 PM Tadawul approves listing of SAR 2.26bn gov’t debt instruments
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) has approved a listing request of the debt instruments from a class already listed, issued by the Saudi government and submitted by the Ministry of Finance. The total value of the listed debt …