The strength of the burgeoning Islamic bond market was revealed last month with the latest data demonstrating an increase of almost 40% in the first six months of the year compared to the same period in 2016. With record sovereign issuance levels

In June this year, the Omani capital market welcomed an inaugural Islamic debt offering from Meethaq bank that included an unusual greenshoe option utilized to increase the issuance to almost double its original size. More commonly used in the equity capital markets,

The International Islamic Trade Finance Corporation (ITFC) in July entered into partnership with the International Finance Corporation (IFC), the private sector development arm of the World Bank, to develop trade programs and initiatives across the Islamic world with a focus on meeting

In July the Dubai International Financial Center (DIFC) signed an MoU with the Dubai Islamic Economy Development Center (DIEDC) to prioritize the development of Islamic fintech solutions through the new Fintech Hive accelerator in the DIFC. The partnership is the latest in

The recent controversy surrounding the Dana Gas Sukuk has inevitably left stakeholders nervous about the complexities of compliance for Islamic issuance. Yet in the face of this isolated dispute the industry has come together to support Sukuk, leaving the company isolated in

In May S&P took the step of upgrading Indonesia’s sovereign rating to ‘BBB-‘ from ‘BB+’, a move which has not only seen foreign investors pile into the market but has spiked a surge in corporate issuance as the cost of debt plummets,

In June 2017 Malaysian real estate developer Rukun Juang privately placed Islamic floating-rate notes (FRN) worth RM993 million (US$232.06 million) through a short-term Sukuk facility that demonstrates the versatility and accessibility of Islamic fund-raising options. The facility, which is guaranteed by Rukun

CORPORATE AL AQAR TO REDEEM SUKUK Malaysia’s Al Aqar Capital intends to partially early redeem its Class C Sukuk issued under its Islamic medium-term notes program worth RM1 billion (US$232.57 million). The one-off early partial redemption is targeted for the 20th July