Outlook 2024 – II

[ad_1] Increasing bank lending should to be the next move. The ratio of advances to deposits should increase from present 44.7% to almost 60%. To generate liquidity, it would be…

UOB Malaysia leads EXSIM’s RM365mil green sukuk placement

[ad_1] KUALA LUMPUR: United Overseas Bank (M) Bhd (UOB Malaysia) has announced the successful pricing and private placement of EXSIM Group’s RM365mil four-year Asean Green Sustainable and Responsible Investment (SRI)…

COP28: IsDB announces collaboration with ICMA and LSEG for developing guidance for practitioners on Green Sukuk

[ad_1] ​​​​​​Dubai – The Islamic Development Bank (IsDB, the Bank) announced an industry collaboration with International Capital Market Association (ICMA) and the London Stock Exchange Group (LSEG) on the sidelines…

The Capital Markets and Securities (Corporate and Subnational Sukuk Bonds) Regulations, 2023 : Clyde & Co

[ad_1] The regulations aim to regulate and provide guidance for Sukuk business operations in the United Republic of Tanzania, including supervisory mechanisms, operational standards, and disclosure requirements, with the broader…

UEM’s sustainability sukuk framework meets green finance standard- RAM Sustainability

[ad_1] KUALA LUMPUR: UEM Group Bhd’s Sustainability Sukuk Framework meets recognised green finance standards after completion of its external review, said RAM Sustainability Sdn Bhd. RAM Sustainability is a wholly…

Abu Dhabi Islamic Bank raises $500 million offering green senior sukuk

[ad_1] Abu Dhabi: ADX-listed Abu Dhabi Islamic Bank (ADIB) raised $500 million via a green Sukuk offering, marking the world’s first ever green US dollar Islamic bond issued by a…

UAE’s Islamic Treasury Sukuk receives bids worth Dh5.77b

[ad_1] Abu Dhabi: The UAE’s fifth auction of Islamic Treasury sukuk (T-sukuk) received bids worth Dh5.77 billion, an oversubscription of 5.2 times, the Ministry of Finance said on Tuesday. Strong demand was…

Sabah’s O&G company achieves milestone with issuance of maiden RM900mil sukuk wakalah

[ad_1] KOTA KINABALU: SMJ Sdn Bhd (SMJSB), Sabah’s fledgling oil and gas company, has achieved a key milestone after successfully pricing its inaugural RM900mil Islamic medium-term notes (IMTN), or sukuk…

Saudi Arabia’s PIF wealth fund hires banks for debut sukuk -document

[ad_1] Oct 16 (Reuters) – Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has hired banks to arrange its debut dual-tranche U.S. dollar-denominated sukuk, a document showed on…

Affin Islamic Bank completes placement of RM1bil Tier 1 Sukuk

[ad_1] KUALA LUMPUR: Affin Islamic Bank Bhd has completed the placement of RM500 million nominal value of AT1 Sukuk Wakalah and RM500 million nominal value of Tier 2 Sukuk Murabahah,…