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Index inclusion could help Turkey sukuk print inside conventionals

Turkey's six year sovereign sukuk is expected to be priced flat, or even inside, its conventional curve for the first time following the asset class's inclusion in the JP Morgan indices, even as the country's president Recep Tayyip Erdoğan's bid to ...
GlobalCapital    March 30, 2017

Drake & Scull breaches covenants on sukuk

DSI issued a $120 million five-year sukuk in 2014 with Al Hilal Bank, Emirates NBD, Mashreqbank and Noor Bank as joint lead managers. That sukuk is held by banks only and never traded, said one source familiar with the situation. It approached lenders ...
gulfnews.com    March 30, 2017

Ezdan recovers from 'shambolic' sukuk debut

Ezdan recovers from 'shambolic' sukuk debut. Qatari residential property developer Ezdan managed to recover its credibility as a sukuk issuer on Wednesday, printing a $500m 2022 at a reasonable spread, after what one EM syndicate banker referred to as ...
GlobalCapital    March 30, 2017

BRIEF-UAE's Sharjah Islamic Bank board approves issue of convertible sukuk

BEIJING, March 30 Soymeal, a chief ingredient in tofu, is set to provide rich nutrition of another kind: China is using the animal feed staple to blaze a trail in commodities derivatives, fuelling its appetite for global investment hub status along the ...
Reuters    March 30, 2017

SABB unveils plans to establish a Sukuk programme

SABB (Saudi British Bank) says it will establish a Sukuk Programmw that enables the bank to obtain certain funds through establishing an offshore special purpose vehicle for the purpose of issuing and offering senior and/or subordinated Sukuk in one or ...
CPI Financial    March 30, 2017

Dubai's Drake & Scull breaches covenants on sukuk, other bank facilities

DUBAI, March 30 (Reuters) - Dubai-based building company Drake & Scull said it breached financial covenants in relation to a sukuk syndicated facility and other bank facilities in 2016 after having incurred losses last year. The company incurred an ...
Zawya    March 30, 2017

Dubai's Drake & Scull breaches covenants on sukuk, other bank facilities

DUBAI, March 30 (Reuters) - Dubai-based building company Drake & Scull said it breached financial covenants in relation to a sukuk syndicated facility and other bank facilities in 2016 after having incurred losses last year. The company incurred an ...
Zawya    March 30, 2017

Saudi Arabia considering changes to debut dollar sukuk structure –sources

While Gulf investors and a sub-set of Western institutions would probably be comfortable with a hybrid sukuk structure, Riyadh might need to attract a wider investor base for an issue approaching $10 billion, which would be the world's largest dollar ...
Reuters    March 29, 2017

Saudi Aramco to Price Islamic Bond in $10 Billion Debt Push

The company is seeking to raise about $2 billion in its debut sale of Islamic bonds under a 37.5 billion-riyal ($10 billion) sukuk program, people with knowledge of the matter said this month. The oil giant is selling debt ahead of an initial public ...
Bloomberg    March 29, 2017

Saudi Arabia considering changes to debut dollar sukuk structure -sources

Some bankers who are not involved in the deal said they believed the debate over the sukuk structure might be the reason that Saudi Arabia had not already launched the issue, given the current favourable market conditions with low credit spreads in the ...
Daily Mail    March 29, 2017

Sukuk Publications

Sukuk by Industry
Sukuk name Country Size Maturity
Abu Dhabi National Energy Co. (TAQA) 4.65% 03-Mar-2022 Malaysia 650M 03/03/2022
ADIB Capital Invest 1 Ltd 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 01-Jan-2019 (Tranche 2) United Arab Emirates 225M 01/01/2019
Login to view United Arab Emirates 500M 08/10/2018
Login to view United Arab Emirates 500M 26/11/2019
Login to view Malaysia 30M 06/07/2017
Login to view Malaysia 45M 25/01/2018
Login to view Turkey 250M 30/11/2025
Login to view Saudi Arabia 1.6B 17/09/2022
Login to view United Arab Emirates 650M 09/04/2019
Login to view Malaysia 310M 28/05/2021
Login to view Saudi Arabia 500M 28/10/2020
Login to view Turkey 250M 28/03/2023
Login to view Malaysia 500M 19/11/2020
Login to view Malaysia 60M 15/02/2021
Login to view Malaysia 70M 15/02/2023
Login to view Malaysia 15M 15/02/2021
Login to view Malaysia 5M 15/02/2021