It is all very well to throw around facts and figures and generalize about the overall benefits of Islamic issuance – but what about the nitty gritty details? The headlines only ever laud the latest issuance: but how did they get there,

The Malaysia Building Society (MBSB) in November announced plans to swap its structured covered Sukuk with a new covered issuance from its recently acquired subsidiary Asian Finance Bank, pending Sukukholders approval. But what is a covered Sukuk, and what benefits can it

Trade finance is the backbone of the global economy, and yet it can be under-served and under-rated through traditional channels. Conventional banks stepped back during the financial crisis to conserve their capital and reduce risk, and since then this gap has been

A number of new partnerships have sprung up in Oman over the last month, as Islamic banks unite with customer-facing retailers to provide direct financing solutions that present a new breed of Shariah compliant service enabling access to a far wider range

For Gulf corporates seeking to maximize their tax breaks, Islamic finance products now offer an even more attractive prospect, due to their exemption from the new GCC Value Added Tax (VAT) law due to come into effect from the 1st January 2018.

Access to effective dispute resolution is vital for the take-up of Islamic finance, according to Abdul Rasheed Ghaffour, deputy governor of Bank Negara Malaysia, speaking at a recent event. As such, the bank is now working with the Securities Commission to identify

In September Indonesia’s financial regulator, Otoritas Jasa Keuangan (OJK) issued a new regulation (53/POJK.04/2017) designed specifically to encourage small and medium-sized corporates to issue Sukuk through the capital market. It does so by adjusting the definition of small- and medium-scale issuers and

What is commercial Takaful, and how can it help your business? Islamic insurance offers a wide range of possibilities, with innovation occurring all the time to bring corporates the latest in protection across all areas of business needs. For a company considering

Public housing developer Perumahan Rakyat 1Malaysia (PR1MA) in October utilized a comprehensive multi-tenor Islamic debt program to fund the development of a new roll-out of affordable housing projects. The transaction represents a textbook example of Sukuk as a tool for state-owned entities

On the 25th October the Saudi Arabia-based Arab Petroleum Investments Corporation (APICORP), a multilateral development bank established to boost the development of the Gulf region’s oil and gas industries, floated a US$500 million Sukuk issuance using a highly flexible structure in order

CORPORATE EDRA TO LAUNCH SUKUK BY YEAR-END Independent Malaysian power producer Edra Power, formerly owned by state fund 1MDB, has commenced a roadshow on a potential RM5.28 billion (US$1.25 billion) 20-year Sukuk expected to launch before the end of December 2017. CIMB