The news is by your side.
Browsing Tag


Pakistan successfully issued US$1bn sukuk at 5.5% rate: Dar

2 years, 13 days ago
ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar on Thursday expressed satisfaction that Pakistan successfully issued US$ 1 billion sukuk on Wednesday night at a historic low rate of 5.5%. He claimed that this time Pakistan's sukuk …

Pakistan grants tax neutrality for sukuk deals

2 years, 1 month ago
ISLAMABAD: Pakistan's Federal Board of Revenue has granted sukuk transactions similar tax treatment to conventional bonds, the latest government incentive aimed at developing the country's Islamic finance sector.

APICORP launches $3bn Islamic sukuk programme

3 years, 3 months ago
RIYADH: The Arab Petroleum Investments Corporation (APICORP) said Monday it has established a $3-billion Islamic sukuk programme to diversify its sources of funding and enhance links to global investors.

K-electric sells country’s largest corporate sukuk

3 years, 4 months ago
KARACHI: Karachi-based utility K-Electric has sold 22 billion rupee ($215.9 million) worth of seven-year Islamic bonds, the largest listed corporate sukuk in the country, the firm said in a bourse filing.

IDB puts Islamic finance on AIIB drawing board

3 years, 5 months ago
SARAJEVO: The Islamic Development Bank (IDB) is in discussions with Chinese officials to study the use of Islamic financing in the planned Asian Infrastructure Investment Bank (AIIB), the head of the Jeddah-based multilateral lender told…

G20 sets sights on sukuk for infrastructure financing

3 years, 7 months ago
ANKARA: The G20 group of major nations has included discussion of Islamic bonds as an infrastructure financing tool in its annual agenda, a move that could potentially spur the use of project-based sukuk.

Al Baraka Bank plans subordinated sukuk in Jordan

3 years, 8 months ago
MANAMA: Bahrain-based Al Baraka Banking Group is planning on issuing its first Islamic bonds, or sukuk, for its Jordanian unit later this year, chief executive Adnan Ahmed Yousif told Reuters.