Islamic Finance

Kuveyt Turk Bank is seeking to enter the sukuk market, which has attracted a number of borrowers in recent months

Bahrain-headquartered bank the latest emerging market issuer to enter the increasingly busy sukuk market

A market that has in previous years promised much but delivered little seems finally to be growing thanks to sovereign issuance

A major capital markets body published its final standard for using term Sonia reference rates on Wednesday, as the remaining pieces of the Libor transition puzzle fall into place before most pairings for the benchmark end on December 31.

Turkey has re-entered the debt capital markets with the intention of selling a Sharia-compliant bond, a sukuk. The proposed deal, which some say could come at a premium, was announced just days after Saudi Aramco achieved an enormous order book on its debut sukuk.

Khazanah Nasional, Malaysia's sovereign wealth fund, has found overwhelming demand for its $1bn bond, attracting more than $5bn of orders.

The Republic of the Maldives has tapped its 2026 sukuk for an additional $100m, bringing the total deal size to $300m.

The government of Malaysia is preparing to return to the dollar market for the first time in five years. It is marketing what will be the world's first sustainability sukuk from a sovereign borrower.

The Republic of the Maldives priced a $200m sukuk on Monday, marking the country’s first dollar outing in three years.