The هيئة الأوراق المالية Jordan Securities Commission JSC is looking into further developing Sukuk issuances in the Kingdom and harnessing the potential of the Sukuk market, as an alternative financing solution to support market growth and stability. Dr Adel Bino, the chairman of the board of commissioners of JSC, stressed the importance of expanding the base for issuing Sukuk, during the Economic Forum titled ‘Islamic Sukuks: An Alternative Financing Tool’, held on the 10th March 2024. https://lnkd.in/eSEwEVCN... #REDmoney #IFN #IslamicFinance #Finance #SukukDevelopment #AlternativeFinancing #SukukMarket #SustainableFinance #IslamicInvestors #MarketDevelopment #JSC #Jordan
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The Saudi Investment Bank (SAIB) has finalized its $750 million USD-denominated additional Tier 1 sustainable sukuk issuance, as part of its international Tier 1 sukuk program. The sukuk will be listed on the International Securities Market (ISM) of the London Stock Exchange. The Saudi Investment Bank
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Investing in GCC mid-term bond/sukuk is more valuable than other options. Seize the opportunity to benefit from attractive returns and stability.
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The Ministry of Finance of Algeria has made a significant move toward its first-ever sovereign Sukuk issuance by launching a call for expressions of interest to develop the legal and regulatory framework for Sukuk in the country. The initiative, supported by funding from the IsDB, represents a key milestone in Algeria’s efforts to diversify its financial markets and introduce Shariah compliant financing tools. https://lnkd.in/g9Ea-tBz #sukuk #IslamicFinance #ShariahCompliance #algeria
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A Comprehensive review of FXPesa Brokers in Cameroon #CameroonFinance #FXPesa #ForexTrading #Review #FinancialPlatform #CurrencyMarket #TradeSmart #GlobalFinance
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As part of our on going commitment to offer a deeper understanding of both global and local (Saudi Arabian) markets, we have developed this comprehensive review of the sukuk landscape. In this report, we provide a thorough overview of global and Saudi Arabian sukuk markets, shedding light on trends, regulatory developments, and emerging opportunities. Our objective is to equip stakeholders—investors, issuers, and financial institutions alike—with the critical knowledge needed to navigate the evolving sukuk ecosystem. Check out our report on Sukuk: https://lnkd.in/em7KUPZQ
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The past month saw a spate of Sukuk issuances come out of the GCC, notably a landmark facility from the UAE’s real estate and property sector, Saudi Arabia’s first savings Sukuk issuance and the first perpetual Sukuk in the region. The Islamic asset management sector welcomed a few new funds, including one from the Netherlands and another from Canada. IFN rounds up the top Islamic finance updates globally in February 2024. https://lnkd.in/gAccTdaV #REDmoney #IFN #IslamicFinance #Finance #Banking #Sukuk #AssetManagement #Fintech #ShariahCompliant #SustainableFinance #Investment #Maybank #MackenzieInvestments #DhofarIslamic #WhitehallCapital #EmkanFinance #KFH #AlSalamBank #SentioCapitalManagement #GrowthCapital #Hugosave #Flooss #ZainBahrain #InternationalInvestmentGate #EyeCare #AmanHolding #Binghatti #DubaiIslamicBank #SaudiPublicInvestmentFund #GCC #UAE #SaudiArabia #Malaysia #Indonesia #Uzbekistan #Canada #Netherlands #SouthAfrica #Bahrain #Turkey #Egypt #Maldives #UK #Pakistan #Kuwait #Singapore
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The CMA has approved key amendments to enhance the Saudi sukuk and debt instruments market. These updates simplify processes for issuers, attract broader participation, and support market growth. Learn more: info@klafirm.com #RegulatoryUpdates #Sukuk #SaudiArabia #CapitalMarkets #klafirm
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IsDB announces the winner of the Most Impactful Islamic Financial Institution of the Year: Kazakhstan’s JSC Leasing Group ICD issued last year a Tenge-denominated sukuk which was rated “A+” by Fitch. With a size of KZT 2 billion, this is the first sukuk in the national currency of one of the Commonwealth of Independent States (CIS). The sukuk proceeds were used to support Kazakhstan's JSC Leasing Group’s on-lending activities. The ultimate beneficiaries are mostly small and medium-sized enterprises. With the volatility in currency markets representing a major risk for companies with revenues in local currency, ICD provided a local currency financing solution to Leasing Group. Leasing Group is listed on the Kazakhstan Stock Exchange. https://lnkd.in/gcyWH7uK #PSFAwards #PrivateSectorForumAwards #IsDBGroup #ICIEC #ICD #ITFC #ShariahCompliant #TradeFinance #PrivateSectorDevelopment #FinancialInnovation #IslamicFinance #FinanceAwards #IndustryRecognition #InnovationAwards
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IsDB announces the winner of the Most Impactful Islamic Financial Institution of the Year: Kazakhstan’s JSC Leasing Group ICD issued last year a Tenge-denominated sukuk which was rated “A+” by Fitch. With a size of KZT 2 billion, this is the first sukuk in the national currency of one of the Commonwealth of Independent States (CIS). The sukuk proceeds were used to support Kazakhstan's JSC Leasing Group’s on-lending activities. The ultimate beneficiaries are mostly small and medium-sized enterprises. With the volatility in currency markets representing a major risk for companies with revenues in local currency, ICD provided a local currency financing solution to Leasing Group. Leasing Group is listed on the Kazakhstan Stock Exchange. https://lnkd.in/dy3_CMfc #PSFAwards #PrivateSectorForumAwards #IsDBGroup #ICIEC #ICD #ITFC #ShariahCompliant #TradeFinance #PrivateSectorDevelopment #FinancialInnovation #IslamicFinance #FinanceAwards #IndustryRecognition #InnovationAwards
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Saudi Wealth Fund's $2B Sukuk Issuance Attracts Global Interest The #PublicInvestmentFund (PIF) of Saudi Arabia successfully issues $2 billion in Islamic bonds, or sukuk, amid substantial global demand, exceeding initial expectations. This strategic financial move underlines the kingdom's robust economic position and investor confidence. For more information, visit Saudi Business News. Link in bio. #SaudiBusiness #SaudiNews #Vision2030 #SaudiArabia #PIF #IslamicFinance #Sukuk #Investment #GlobalEconomy #Finance
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