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Islamic Finance

Indonesia issues oversubscribed dollar sukuk

As part of a wider financing plan the Indonesian government has issued a US$2.5bn dollar denominated sukuk, the popularity of which is evidenced through its oversubscription and the global diversification of its investor base.

25 Mar 2016

Saudi Arabia mulls issuing US$5.3bn in bonds

Low oil prices have caused Saudi Arabia’s budget deficit to swell to new highs. The government is servicing this through foreign currency reserves and issuing local debt to domestic banks.

24 Mar 2016

Axiata issues US$500mn sukuk

The world’s largest sukuk market has seen another issuance of Sharia compliant debt on the international capital markets. Despite Axiata’s recent dollar denominated sukuk, the majority of Islamic financing in Malaysia is conducted in the domestic market.

17 Mar 2016

RAM ratings sees strong sukuk market for 2016

Despite a slowing global economy, RAM ratings expects sukuk issuance this year to remain high as the main Islamic financing hot spots look for additional capital to shore up their finances amid falling commodity prices, on which they have traditionally relied.

9 Mar 2016

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