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19 June 01:51 PM

Islamic Finance

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2 April 06:52 PM Ayan Capital secures up to GBP 25m financing, aims to become UK leader in Islamic banking
Mubasher: Ayan Capital, a fast-growing provider of halal vehicle financing, has raised up to GBP 25 million in Sharia-compliant financing facility from institutional debt provider Partners for Growth (PFG). The investment reflects the rising …
Banking and Finance
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13 March 02:24 PM Nasdaq Dubai lists $1bn Sukuk by Ras Al Khaimah government
Dubai – Mubasher: Nasdaq Dubai has welcomed, on 13 March 2025, the listing of the Government of Ras Al Khaimah’s 10-year $1 billion senior unsecured Sukuk at a profit rate of 5.038% issued on 5 March, according to a press release. The government …
Trading Activities
National Central Cooling Company (Tabreed)
5 March 03:53 PM Tabreed raises $700m inaugural green Sukuk as 1st issuance under $1.5bn programme; listed banks partake
Dubai – Mubasher: National Central Cooling Company (Tabreed) has raised $700 million through an inaugural, five-year green Sukuk, which marks the first issuance under its new $1.50 billion trust certificate issuance programme. The new Sukuk will …
Sukuk and Islamic Finance
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30 January 06:11 PM Islamic T-bonds auction for January 2025 attracts over AED 6.9bn bids
UAE – Mubasher: The UAE’s Ministry of Finance, as the issuer, collaborated with the Central Bank of the UAE (CBUAE), as the issuing and paying agent, to announce the results of the Islamic Treasury Sukuk (T-Sukuk) auction denominated in UAE …
Treasury Bills
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10 October 2024 00:45 PM GFH to launch $500m sukuk programme
Mubasher: The ordinary general meeting (OGM) of GFH Financial Group approved the board’s recommendations to establish a trust certificate issuance programme with a value of up to $500 million. Through a special purpose vehicle (SPV), the …
Companies Investments
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6 October 2024 06:28 PM Aramco completes $3bn international Sukuk issuance
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has concluded a $3 billion international Sukuk issuance that comprised of two equal US dollar-denominated tranches. The first $1.50 billion offering matures in 2029, carrying a profit rate of …
Sukuk and Islamic Finance
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21 July 2024 04:52 PM GCC fixed income markets see $75.5bn issuances in H1-24 – Report
Mubasher: Primary debt issuances of bonds and sukuk in the Gulf Cooperation Council (GCC) countries surged to $75.50 billion in the first half (H1) of 2024, marking a 38% year-on-year (YoY) increase from $54.80 billion. Saudi Arabia led the GCC …
Sector Reports
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18 July 2024 05:35 PM ADCB achieves AED 5bn net profit before tax in H1-24
Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) reported net profits before tax worth AED 5.02 billion in the first half (H1) of 2024, signalling a 28% annual increase from AED 3.92 billion. In addition, the net profits after tax of ADCB …
Sukuk and Islamic Finance
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18 July 2024 04:03 PM Binghatti sukuk tap 420% oversubscribed on strong global demand
UAE – Mubasher: Dubai developer Binghatti saw record interest for its recent $200 million sukuk tap, receiving around $2.10 billion in orders. That represented an oversubscription of approximately 420% backed by global investors, according to a …
Real estate
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14 July 2024 00:16 PM UK’s fintech firm Offa launches Islamic BTL service for expats in region
Mubasher: Offa, the first Shari’a-aligned bridge finance fintech based in the UK, unveiled a buy-to-let finance (BTL) service to offer fast funding decisions by carrying out a modern paperless process, according to a press release. The new Islamic …
Sukuk and Islamic Finance
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11 July 2024 03:41 PM Islamic Development Bank finances solar, battery projects in Uzbekistan
Riyadh – Mubasher: The Islamic Development Bank (IsDB) is providing financing for 200 megawatts (MW) solar farm and 500 MW battery storage projects in Uzbekistan's Tashkent region. The historic renewable energy venture, sponsored by Saudi firm …
Banking and Finance
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11 July 2024 09:55 AM Nasdaq Dubai unveils $2.3bn new Sukuk issuances by Indonesia
UAE – Mubasher: Nasdaq Dubai welcomed three Sukuk issued by Indonesia at a combined value of $2.35 billion, under its $35 billion Trust Certificate Issuance Programme. The new listings reinforce Dubai's position as the world's leading centre for …
Trading Activities
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10 July 2024 07:16 PM 2P Prefect Presentation pens SAR 121m facility agreement with Riyad Bank
Riyadh – Mubasher: Prefect presentation for commercial services Company (2P Prefect Presentation) has signed a Sharia-aligned increase facility agreement with Riyad Bank on 10 July 2024. The facility agreement holds a value of SAR 121 million …
Companies Investments
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3 July 2024 10:57 AM ADIB provides AED 5.5bn sustainable finance in 2023
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank’s (ADIB) sustainable finance reached AED 5.56 billion in 2023, including the issuance of the world's largest green sukuk by a bank, raising $500 million. ADIB has set net-zero targets for Scope 1 and …
Banking and Finance
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2 July 2024 00:39 PM Arada Developments lists $400m Sukuk on Nasdaq Dubai
UAE – Mubasher: Nasdaq Dubai has announced the listing of a $400 million Sukuk by Arada Developments, a UAE-based master developer. This is Arada's second listing on Nasdaq Dubai and the first under their new $1 billion Sukuk programme, according …
Trading Activities
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30 June 2024 00:19 PM Saudi sukuk, debt market hits 18.3% of GDP in 2023 – Report
Riyadh – Mubasher: The Saudi sukuk and debt instruments market reached 18.30% of GDP by the end of 2023, with 70 sukuk and debt instruments listed on the capital market. The funds raised from sukuk and debt instrument offerings amounted to SAR …
Sukuk and Islamic Finance
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6 June 2024 10:42 AM Nasdaq Dubai lists 1st sustainability sukuk from Emirates Islamic
Dubai – Mubasher: Nasdaq Dubai has welcomed Emirates Islamic Bank's debut $750 million sustainability sukuk issuance under its $2.50 billion programme. The five-year sukuk took the bank's total listings on Nasdaq to $2.02 billion across four …
Banking and Finance
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30 May 2024 10:57 AM Saudi Arabia’s National Debt Management Center closes $5bn sukuk issuance
Riyadh – Mubasher: Saudi Arabia’s National Debt Management Center (NDMC) has closed a $5 billion (SAR 18.75 billion) international trust certificate (sukuk) issuance programme. The sukuk issuance, divided into three tranches, received total orders …
Banking and Finance
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22 May 2024 03:55 PM Emirates Islamic issues $750m sustainability sukuk
Dubai – Mubasher: Emirates Islamic Bank has issued a $750 million five-year senior unsecured sustainability sukuk. The sukuk issuance received great demand from investors across different regions and was oversubscribed 2.80 times, according to a …
Sukuk and Islamic Finance
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22 May 2024 01:32 PM Saudi Arabia’s NDMC closes SAR 3.2bn sukuk issuance
Riyadh – Mubasher: Saudi Arabia’s National Debt Management Center (NDMC) has closed a SAR 3.23 billion sukuk issuance. The sukuk issuance is divided into two tranches and a part of the government SAR-denominated sukuk programme, according to the …
Sukuk and Islamic Finance
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12 May 2024 11:58 AM Al Rajhi Bank concludes $1bn USD-denominated sukuk
Riyadh – Mubasher: Al Rajhi Bank has completed the issuance of $1 billion USD-denominated additional tier 1 capital sustainable sukuk. A total of 5,000 sukuk were sold for $200,000 per each, according to a bourse filing. The sukuk have no fixed …
Banking and Finance
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9 May 2024 03:01 PM Aldar Properties’ investment arm issues $500m green sukuk
Abu Dhabi – Mubasher: ​Aldar Investment Properties (AIP), a subsidiary of Aldar Properties, has issued a $500 million green sukuk. The 10-year issuance is a part of a $2 billion trust certificate issue programme launched in 2023, according to a …
Companies Investments
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8 May 2024 01:02 PM Al Rajhi Bank to issue USD sukuk to Saudi, int’l investors
Riyadh – Mubasher: Al Rajhi Bank has announced plans to issue USD-denominated additional tier 1 capital sustainable sukuk under its international sukuk programme. The offering is expected to be conducted through a special purpose vehicle to Saudi …
Sukuk and Islamic Finance
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3 April 2024 02:40 PM Moody’s upgrades ADIB’s BCA to 'baa3'; affirms long-term issuer ratings
Abu Dhabi – Mubasher: Global rating agency Moody's has upgraded the Baseline Credit Assessment (BCA) and Adjusted BCA of Abu Dhabi Islamic Bank (ADIB) to 'baa3' from 'ba1'. Moody's affirmed ADIB’s local and foreign currency long-term issuer …
Banking and Finance
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2 April 2024 00:57 PM DSI’s shareholders pass restructuring plan
Dubai – Mubasher: Drake & Scull International’s (DSI) general assembly has approved a restructuring plan. The restructuring plan will apply to 4 entities; Drake & Scull International PJSC, Drake & Scull International LLC, Drake & Scull Engineering …
General Assembly