Mubasher TV
Contact Us Advertising   العربية

Islamic Finance

Photo Archive
18 July 05:35 PM ADCB achieves AED 5bn net profit before tax in H1-24
Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) reported net profits before tax worth AED 5.02 billion in the first half (H1) of 2024, signalling a 28% annual increase from AED 3.92 billion. In addition, the net profits after tax of ADCB …
Photo Gallery
18 July 04:03 PM Binghatti sukuk tap 420% oversubscribed on strong global demand
UAE – Mubasher: Dubai developer Binghatti saw record interest for its recent $200 million sukuk tap, receiving around $2.10 billion in orders. That represented an oversubscription of approximately 420% backed by global investors, according to a …
Photo Archive
14 July 12:16 PM UK’s fintech firm Offa launches Islamic BTL service for expats in region
Mubasher: Offa, the first Shari’a-aligned bridge finance fintech based in the UK, unveiled a buy-to-let finance (BTL) service to offer fast funding decisions by carrying out a modern paperless process, according to a press release. The new Islamic …
Photo Gallery
11 July 03:41 PM Islamic Development Bank finances solar, battery projects in Uzbekistan
Riyadh – Mubasher: The Islamic Development Bank (IsDB) is providing financing for 200 megawatts (MW) solar farm and 500 MW battery storage projects in Uzbekistan's Tashkent region. The historic renewable energy venture, sponsored by Saudi firm …
Photo Archive
11 July 09:55 AM Nasdaq Dubai unveils $2.3bn new Sukuk issuances by Indonesia
UAE – Mubasher: Nasdaq Dubai welcomed three Sukuk issued by Indonesia at a combined value of $2.35 billion, under its $35 billion Trust Certificate Issuance Programme. The new listings reinforce Dubai's position as the world's leading centre for …
Photo Archive
10 July 07:16 PM 2P Prefect Presentation pens SAR 121m facility agreement with Riyad Bank
Riyadh – Mubasher: Prefect presentation for commercial services Company (2P Prefect Presentation) has signed a Sharia-aligned increase facility agreement with Riyad Bank on 10 July 2024. The facility agreement holds a value of SAR 121 million …
Photo Archive
3 July 10:57 AM ADIB provides AED 5.5bn sustainable finance in 2023
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank’s (ADIB) sustainable finance reached AED 5.56 billion in 2023, including the issuance of the world's largest green sukuk by a bank, raising $500 million. ADIB has set net-zero targets for Scope 1 and …
Photo Gallery
2 July 12:39 PM Arada Developments lists $400m Sukuk on Nasdaq Dubai
UAE – Mubasher: Nasdaq Dubai has announced the listing of a $400 million Sukuk by Arada Developments, a UAE-based master developer. This is Arada's second listing on Nasdaq Dubai and the first under their new $1 billion Sukuk programme, according …
Photo Gallery
30 June 12:19 PM Saudi sukuk, debt market hits 18.3% of GDP in 2023 – Report
Riyadh – Mubasher: The Saudi sukuk and debt instruments market reached 18.30% of GDP by the end of 2023, with 70 sukuk and debt instruments listed on the capital market. The funds raised from sukuk and debt instrument offerings amounted to SAR …
Photo Gallery
6 June 10:42 AM Nasdaq Dubai lists 1st sustainability sukuk from Emirates Islamic
Dubai – Mubasher: Nasdaq Dubai has welcomed Emirates Islamic Bank's debut $750 million sustainability sukuk issuance under its $2.50 billion programme. The five-year sukuk took the bank's total listings on Nasdaq to $2.02 billion across four …
Photo Gallery
30 May 10:57 AM Saudi Arabia’s National Debt Management Center closes $5bn sukuk issuance
Riyadh – Mubasher: Saudi Arabia’s National Debt Management Center (NDMC) has closed a $5 billion (SAR 18.75 billion) international trust certificate (sukuk) issuance programme. The sukuk issuance, divided into three tranches, received total orders …
Photo Gallery
22 May 03:55 PM Emirates Islamic issues $750m sustainability sukuk
Dubai – Mubasher: Emirates Islamic Bank has issued a $750 million five-year senior unsecured sustainability sukuk. The sukuk issuance received great demand from investors across different regions and was oversubscribed 2.80 times, according to a …
Photo Gallery
22 May 01:32 PM Saudi Arabia’s NDMC closes SAR 3.2bn sukuk issuance
Riyadh – Mubasher: Saudi Arabia’s National Debt Management Center (NDMC) has closed a SAR 3.23 billion sukuk issuance. The sukuk issuance is divided into two tranches and a part of the government SAR-denominated sukuk programme, according to the …
Photo Archive
12 May 11:58 AM Al Rajhi Bank concludes $1bn USD-denominated sukuk
Riyadh – Mubasher: Al Rajhi Bank has completed the issuance of $1 billion USD-denominated additional tier 1 capital sustainable sukuk. A total of 5,000 sukuk were sold for $200,000 per each, according to a bourse filing. The sukuk have no fixed …
Photo Archive
9 May 03:01 PM Aldar Properties’ investment arm issues $500m green sukuk
Abu Dhabi – Mubasher: ​Aldar Investment Properties (AIP), a subsidiary of Aldar Properties, has issued a $500 million green sukuk. The 10-year issuance is a part of a $2 billion trust certificate issue programme launched in 2023, according to a …
Photo Archive
8 May 01:02 PM Al Rajhi Bank to issue USD sukuk to Saudi, int’l investors
Riyadh – Mubasher: Al Rajhi Bank has announced plans to issue USD-denominated additional tier 1 capital sustainable sukuk under its international sukuk programme. The offering is expected to be conducted through a special purpose vehicle to Saudi …
Photo Gallery
3 April 02:40 PM Moody’s upgrades ADIB’s BCA to 'baa3'; affirms long-term issuer ratings
Abu Dhabi – Mubasher: Global rating agency Moody's has upgraded the Baseline Credit Assessment (BCA) and Adjusted BCA of Abu Dhabi Islamic Bank (ADIB) to 'baa3' from 'ba1'. Moody's affirmed ADIB’s local and foreign currency long-term issuer …
Photo Archive
2 April 12:57 PM DSI’s shareholders pass restructuring plan
Dubai – Mubasher: Drake & Scull International’s (DSI) general assembly has approved a restructuring plan. The restructuring plan will apply to 4 entities; Drake & Scull International PJSC, Drake & Scull International LLC, Drake & Scull Engineering …
Photo Archive
12 March 01:00 PM Cenomi Centers concludes $100m sukuk private placement
Riyadh – Mubasher: Arabian Centres Company (Cenomi Centers) has completed a private placement issuance of additional sukuk worth $100 million. The additional issuance will be a part of the $500 million sukuk issued on 6 March 2024 and due 2029, …
Photo Gallery
6 March 03:41 PM Al Rajhi Bank issues $1bn sustainable sukuk
Riyadh – Mubasher: Al Rajhi Bank has concluded the issuance of $1 billion USD-denominated Shari’ah-compliant sustainable Sukuk. A total of 5,000 sukuk were sold for $200,000 per each, according to a bourse filing. The sukuk have a maturity of five …
Photo Archive
4 March 01:30 PM Al Rajhi Bank to issue USD-denominated sukuk
Riyadh – Mubasher: Al Rajhi Bank has announced plans to issue USD-denominated sukuk under its international sukuk programme. The offering is expected to be conducted through a special purpose vehicle to local and international investors, according …
Photo Archive
3 March 11:34 AM Cenomi Centers completes $500m sukuk issuance
Riyadh – Mubasher: Arabian Centres Company (Cenomi Centers) has concluded the issuance of international USD-denominated Shari’ah-compliant Sukuk worth $500 million. A total of 2,500 sukuk were sold at a price of $200,000 per each, according to a …
Photo Archive
27 February 11:59 AM Cenomi Centers to offer USD-denominated Sukuk
Riyadh – Mubasher: Arabian Centres Company (Cenomi Centers) plans to issue USD-denominated Shari’ah-compliant Sukuk, according to a bourse statement. The Saudi firm also announced a tender offer on its existing $500 million Trust Certificates due …
Photo Archive
26 February 12:30 PM Saudi German Hospital concludes SAR 1bn Sukuk offering
Riyadh – Mubasher: Middle East Healthcare Company (Saudi German Hospital) has completed the issuance of SAR 1 billion Sukuk. The sukuk was offered at a par value of SAR 1,000 with an annual return of around 7.20% over a five-year maturity, …
Photo Gallery
21 February 11:04 AM SNB completes offering $850m USD-denominated Sukuk
Riyadh – Mubasher: Saudi National Bank (SNB) has concluded its offering of 4,250 USD-denominated senior unsecured Sukuk at a value of $850 million. The sukuk was offered at a par value of $200,000 with an annual return of around 5.13% over a …