Saudi Arabia said it has completed the issuance of a new Islamic sukuk sale to help finance its budget deficit as the kingdom accelerates borrowing despite rising oil prices.
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 …
ISLAMABAD: Finance Minister Ishaq Dar said the government was determined to promote capital and Sukuk market and will support mercantile exchange for country's economic development.
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.
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.