Blockchain and smart contract protocols could change the global Sukuk industry for the better, according to a bold new statement by S&P Global Ratings released in October. A microfinance start-up in Indonesia has already taken the plunge with a new ‘Smart Sukuk’
It has been a busy month for Islamic issuance, and Sukuk activity has accelerated as we enter the fourth quarter and companies clamor to confirm funding in advance of year-end. But a new trend has quietly been gathering pace. A series of
One of Oman’s leading Islamic windows recently launched a brand new Education Finance product offering to assist its retail customers to achieve their educational goals. An affordable and Shariah compliant product, students can now get financing for college and university degrees and
On the 31st October, deals transacted on Nasdaq Dubai’s groundbreaking Murabahah Platform for Islamic financing passed the US$100 billion mark – reflecting the strong demand for Shariah compliant corporate financing tools and highlighting the importance of the structure in the institutional marketplace.
The UAE’s National Cooling Company (Tabreed) in October raised US$500 million through a seven-year Sukuk issuance listed on the London Stock Exchange and priced at an aggressive 5.5%. Rated investment grade by both Moody’s and Fitch, the new bond tapped a wide
CORPORATE DANA GAS ANNOUNCES BUYBACK UAE: Dana Gas has announced a buyback of approximately US$99 million or 4% Nile Delta Sukuk certificates – both Reg S and 144A. The bought-back Sukuk will be delivered to the Bank of New York Mellon, which