CBB Sukuk Al-Salam Securities Oversubscribed by 304%
The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities has been oversubscribed by 304%.
Subscriptions worth BD...
ADIB Signs Preliminary Agreement with Israel’s Bank Leumi
Abu Dhabi Islamic Bank, the biggest Sharia-compliant bank in the emirate, signed a preliminary agreement with Israel’s second largest lender Bank Leumi as the...
Qatar Cultivates First Green Bonds as QNB Raises $600mn
Qatar saw its first green bond issue on Tuesday when Qatar National Bank (QNB) sold $600 million of the notes, making it only the...
Demand for Green Islamic Bonds Gain Momentum in GCC States
Investor appetite for green Islamic bonds, or green sukuks, is growing in the Arabian Gulf countries despite the lukewarm economic growth amidst the ongoing...
Emirates Islamic Bank Hires Banks for 5-yr Dollar Sukuk
Emirates Islamic Bank EIB.DU has hired banks to arrange the issuance of U.S. dollar-denominated five-year sukuk, or Islamic bonds, a document showed on Tuesday.
It...
International Islamic Trade Finance Corporation’s US$100 Million Murabaha Financing
The International Islamic Trade Finance Corporation (ITFC) inked a $100 million Murabaha-structured line of trade finance with Malaysia’s Mizuho Bank, a subsidiary of Mizuho...