Business Blog

Issuance of corporate and infrastructure sukuk (securities that conform with Islamic law) has trended downward this year in the Gulf region and Malaysia, despite continued supportive market conditions such as low interest rates and appetite from investors.

Saudi Arabia's Advanced Petrochemical Co will seek shareholder approval next week to issue sukuk, helping it widen its funding sources, the company said in a bourse filing.

Saudi Arabia's Advanced Petrochemical Co will seek shareholder approval next week to issue sukuk, helping it widen its funding sources, the company said in a bourse filing.

The USD 100 million commodity murabahah will finance projects in member countries.

The USD 100 million commodity murabahah will finance projects in member countries.

European Union member states formally adopt new sanctions on Russia over the Ukraine crisis, but do not specify when they will come in to force.