[ad_1] UAE launches first 7-year Islamic sukuk, attracts AED3.1 billion in bids/Representative Image The UAE has introduced its first-ever seven-year Islamic Treasury Sukuk, marking the longest maturity issued under the programme so far. The AED550 million tranche attracted nearly six times its value in bids, underscoring strong investor appetite and confidence in the country’s Islamic […]
[ad_1] Sharjah Islamic Bank completes $500 million, five-year Sukuk, reflecting strong global investor confidence/Image: WAM Sharjah Islamic Bank (SIB) has reinforced its standing in global capital markets with the successful issuance of a US$500 million senior unsecured Sukuk. The transaction, completed during a period of heightened market volatility and year-end liquidity pressures, highlights the bank’s […]
[ad_1] Previously, Shariah-compliant Treasury Sukuk were available only to institutional investors, restricting access to large-scale financial entities and organizations/ Image:X The UAE is opening government-backed Islamic investments to the public for the first time. Through the new Retail Sukuk initiative, citizens and residents can now invest in Shariah-compliant Treasury Sukuk (T-Sukuk) digitally, gaining access to […]
