Business Blog

The Indonesian government raised USD1.5 billion worth of Islamic bonds on Tuesday, attracting the largest order book ever achieved for a sovereign sukuk from southeast Asia, the finance ministry said.

DUBAI Islamic Economy Development Centre (DIEDC) today announced nominations across all eight categories of the Islamic Economy Awards 2014 have witnessed a high uptake from international and local companies.

Al Rajhi Capital, one of the leading asset managers in the Kingdom of Saudi Arabia, has started the offering period for the Al Rajhi Sukuk Fund, a unique product investing in Global Sukuk and other shariah compliant instruments.

William Truscott, Chief Executive Officer of Global Asset Management at U.S. investment firm, Ameriprise Financial, is positive on the long-term growth prospects for Islamic finance due to strong demand for Shariah compliant instruments.

The global Sukuk industry is expected to be one of the fastest growing segments of the Islamic finance industry with huge growth potential in the Gulf Cooperation Council, GCC, region, particularly in Dubai where Sukuks are expected to play an important role over the next decade in securing funds for the substantial line-up of new projects.

Bank Negara Malaysia is pleased to accord the of "Emas" status to the Export-Import Bank of Malaysia Berhad's (MEXIM) recent USD300 million 5-year sukuk issuance.