Islamic Finance

  • Turkey mandates for sukuk days after Aramco blow-out

    Turkey mandates for sukuk days after Aramco blow-out

    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.

  • Malaysia readies sustainable sukuk

    Malaysia readies sustainable sukuk

    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.

  • Under-pressure Maldives readies dollar bond

    Under-pressure Maldives readies dollar bond

    The Republic of the Maldives, which took a big hit to its tourism-reliant economy last year due to the pandemic, announced a tender and new money offer on Monday, returning to the dollar bond market after a three year hiatus.

  • Flurry of Uzbek corps set to debut, diversification on horizon

    Flurry of Uzbek corps set to debut, diversification on horizon

    Diversification has taken hold in central Asia's Uzbekistan, which over the last two years has started its pivot towards international capital markets. According to sources, a plethora of debut deals is expected to hit markets in coming months.

  • Egypt steams on with diversification as sukuk debut approaches

    Egypt steams on with diversification as sukuk debut approaches

    Egypt, which has already entered international debt markets twice this year, is on its way to debuting in the sukuk market following cabinet approval for an Islamic financing bill. The sovereign raised its debut syndicated loan in September that included an Islamic tranche, which bankers said was a fitting prelude to a sukuk.

Islamic Finance News Archive