Sukuk Hub

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Pakistan eyes dollar, sukuk markets

Citi, Deutsche Bank, Dubai Islamic Bank, ICBC, Noor Bank and Standard Chartered have been named joint lead managers and bookrunners on a planned 144A/Reg S five year sukuk. They will conduct fixed income investor meetings in the Middle East, ...
GlobalCapital    November 21, 2017

Indonesia sells 5.95 trillion rupiah of Islamic bonds

There were no winning bids for the project-based sukuk maturing in August 2023. Total incoming bids on Tuesday were 15.67 trillion rupiah, up from 12.82 trillion rupiah in the previous auction. The highest bid-to-cover ratio was 4.78 for the project ...
Kitco News    November 21, 2017

Sukuk Al Salam issue 199 fully subscribed

Manama, Nov. 20 (BNA): The Central Bank of Bahrain (CBB) announced that the monthly issue of the Sukuk Al Salam Islamic securities, has been subscribed by 100%. Subscriptions worth BD 43 million were received for the BD 43 million issue, which carries ...
Bahrain News Agency    November 20, 2017

MIDEAST STOCKS-Geopolitics weigh on region, UK sukuk ruling hits Dana Gas

DUBAI, Nov 19 (Reuters) - Middle Eastern stock markets generally fell on Sunday, weighed down by geopolitics and concern about Saudi Arabia's anti-corruption crackdown, while Dana Gas shares sank in Abu Dhabi because of a British High Court ruling on ...
Reuters    November 19, 2017

'Non-interest banking open to all' - The Nation Nigeria

Hassan Usman is Managing Director/Chief Executive, Jaiz Bank Plc, the first and only non-interest financial institution listed on the Nigerian Stock Exchange.
The Nation Newspaper    November 18, 2017

UK Court Rules Against Dana Gas in Sukuk Dispute

The Royal Courts of Justice in London has ruled in favour of creditors in a dispute with Dana Gas, which now must repay $700 million raised as part of a Sukuk. English Law underpins the majority of global sukuk. Dana Gas had claimed the Sukuk was no ...    November 18, 2017

Dana Gas loses $700m sukuk court battle

A UK court judge ruled in favour of the bondholders, including BlackRock and Goldman Sachs, saying Dana's interpretation of the terms surrounding its Islamic bond, or sukuk, is “unfounded”. Dana had hoped to restructure the debt as its repayment ...    November 17, 2017

UPDATE 1-Judge rules in favour of creditors in Dana Gas Islamic bond case

The judge said in the ruling that Dana Gas' challenges to the validity and enforceability of the purchase undertaking of the bond were “unfounded” and declared the purchase undertaking for Dana's sukuk as valid and enforceable. A source familiar with ...
Reuters    November 17, 2017

English court rules in favour of Dana Gas bondholders in key Islamic bond case

The high-profile dispute centres around a sukuk – a type of Islamic bond – sold to global investors including BlackRock and Goldman Sachs. The $700m of sukuk debt was due to mature on October 31, but has not been repaid by the company. Dana Gas has ...
Financial Times    November 17, 2017

Global sukuk issuance likely to hit US$85 to US$90 bln in 2017

KUCHING: Local agency RAM Ratings expects global sukuk issuance to likely come in between US$85 to US$90 billion for the year, driven by stronger issuance from Saudi Arabia, Malaysia, Qatar, Bahrain and Oman. “Notably, sukuk issuance was ...
The Borneo Post    November 17, 2017

Sukuk Publications

Sukuk by Industry
Sukuk name Country Size Maturity
Abu Dhabi National Energy Co. (TAQA) Sukuk 4.65% 03-Mar-2022 Malaysia 650M 03/03/2022
ADIB Capital Invest 1 Ltd (Abu Dhabi Islamic Bank Sukuk) 6.375% 16-Oct-2018 United Arab Emirates 1B 16/10/2018
Advanced Petrochemical Company Sukuk 18-Dec-2019 Saudi Arabia 1B 18/12/2019
Africa Finance Corporation (AFC) Sukuk 24-Jan-2020 Nigeria 150M 24/01/2020
AHB Sukuk Company Ltd (Al Hilal Bank) 01-Jan-2019 - Tranche 2 United Arab Emirates 225M 01/01/2019
Login to view United Arab Emirates 100M 14/08/2019
Login to view United Arab Emirates 500M 08/10/2018
Login to view Pakistan 1.5B 29/08/2024
Login to view United Arab Emirates 500M 26/11/2019
Login to view Malaysia 45M 25/01/2018
Login to view Turkey 250M 30/11/2025
Login to view Malaysia 130M 29/09/2027
Login to view Saudi Arabia 1.6B 17/09/2022
Login to view United Arab Emirates 650M 09/04/2019
Login to view United Arab Emirates 500M 20/04/2022
Login to view Malaysia 310M 28/05/2021
Login to view Saudi Arabia 500M 28/10/2020
Login to view Saudi Arabia 500M 30/10/2022
Login to view Turkey 250M 28/03/2023
Login to view Malaysia 500M 19/11/2020