Sukuk

KBRA Affirms Air Lease’s A- Issuer, Senior Unsecured Debt Ratings and BBB Preferred Share Rating with Stable Outlook and Assigns A- Rating to Air Lease’s Medium-Term Notes

Retrieved on: 
Friday, March 22, 2024
Professional Services, Finance, Growth, Air Lease Corporation, Original equipment manufacturer, BBB, Air travel, Risk, Travel, KBRA, Air Lease, Outlook, Atmosphere, Sukuk, Aircraft, Atmosphere of Earth, Security (finance)

KBRA also affirms the A- rating of the Sukuk trust certificates issued by Air Lease Corporation Sukuk Limited.

Key Points: 
  • KBRA also affirms the A- rating of the Sukuk trust certificates issued by Air Lease Corporation Sukuk Limited.
  • In addition, KBRA assigns a senior unsecured rating of A- to €600.0 million 3.70% Medium-Term Notes, Series A, due April 15, 2030.
  • The issuer and senior unsecured ratings of Air Lease are driven by the company’s global franchise, leading market position and highly experienced management team with deep relationships with airlines and OEMs.
  • The Stable Outlook reflects AL’s resilient performance through the pandemic-driven severe downturn and the aftermath from the Russian-Ukraine conflict.

Sukuk Market Research Unveils Robust Growth & Strategic Partnerships in Islamic Finance

Retrieved on: 
Monday, January 22, 2024
Sukuk, Visa Inc., BEXIMCO, Urbanization, Abu Dhabi Islamic Bank, Belt, Growth

Global sukuk industry to rise from $904.5 billion in 2023 to $1084.8 billion in 2024, achieving a robust compound annual growth rate (CAGR) of 19.1%.

Key Points: 
  • Global sukuk industry to rise from $904.5 billion in 2023 to $1084.8 billion in 2024, achieving a robust compound annual growth rate (CAGR) of 19.1%.
  • Our comprehensive sukuk market report provides an in-depth analysis of the industry, furnishing investors and stakeholders with valuable insights into the anticipated market size of $2160.55 billion by 2028.
  • Moreover, the sukuk market report covers a breadth of geographical and sector-specific data, from Saudi Arabia's dominance in the industry to the variegated forms of sukuk available, such as murabahah sukuk, istisna sukuk, and others.
  • With the promise of sustained growth and the thrust from strategic partnerships and digital transformations, the sukuk market is poised to play a significant role in shaping the future of ethical and faith-based investments.

CMA: 300% Increase in Foreign Investors’ Ownership Value in the Saudi Capital Market during the Last 5 Years

Retrieved on: 
Monday, November 20, 2023
Sukuk, CMA, Investment company, Capital Market Authority, Investment, Foreign investment, Growth, QFI, Link, Security (finance)

RIYADH, Saudi Arabia, Nov. 20, 2023 (GLOBE NEWSWIRE) -- The value of foreign investments in the Saudi capital market has increased by 300% over the past five years, specifically from 2018 to the end of 2022, reaching SAR 347.01 billion by the end of the period. This constitutes 14.2% of the total value of the free float in the main market, compared to SAR 86.86 billion in 2018, which represents 3.77% of the total value of free float shares in the main market for that year.

Key Points: 
  • Since allowing foreign investors to directly invest in the capital market in 2015, the Saudi Capital Market has evolved from a local market to one where the foreign investor participates in daily trading at rates exceeding 17%, compared to less than 4% before.
  • Since the Saudi capital market joined the major emerging market indexes in 2019, the rate of increase in foreign investments throughout 2022 has been the highest.
  • Binghannam added that the CMA exerted strenuous efforts during the previous period to increase foreign investors' participation in the Saudi capital market.
  • One of the strategic objectives of the CMA's plan is to raise the attractiveness of the market to foreign investors.

Marti’s NYSE Public Listing Recognized as International Equity Capital Markets Deal of the Year in CEE, CIS & Türkiye’s Capital Markets

Retrieved on: 
Thursday, November 16, 2023
Apps, Applications, Technology, Transport, Transportation, Software, Travel, Other Transport, NYSE, MRT, Sukuk, Marti, Turkcell, CIS, NYSE American, Republic, Growth, CEE, Commonwealth, Ridesharing

Marti’s public listing was recognized as the International Equity Capital Markets Deal of the Year by Bonds, Loans, and ESG Capital Markets CEE (Central and Eastern Europe), CIS (Commonwealth of Independent States) & Türkiye Awards 2023.

Key Points: 
  • Marti’s public listing was recognized as the International Equity Capital Markets Deal of the Year by Bonds, Loans, and ESG Capital Markets CEE (Central and Eastern Europe), CIS (Commonwealth of Independent States) & Türkiye Awards 2023.
  • The Bonds, Loans, and ESG Capital Markets event is a leading corporate finance and investment banking event in emerging and frontier markets across Eastern Europe, Middle East, Asia, South America, and Africa.
  • This year’s CEE, CIS & Türkiye event was attended by finance ministries, large corporations, investment banks, and legal firms across the region.
  • Marti hopes that this pioneering transaction, now recognized as the International Equity Capital Markets Deal of the Year in CEE, CIS & Türkiye’s Capital Markets, serves as a model for other companies in Türkiye and the region.

FAB to Provide Over AED500 Billion (USD135 Billion) in Green Finance by 2030, Increasing Sustainable Commitment by 80%

Retrieved on: 
Tuesday, December 5, 2023
Islam, Green bond, Climate change, Hydrogen, UN, COP28, Investment, First Abu Dhabi Bank, Heart, USD, NZBA, Conference, FAB, GCC, Renewable energy, Drug, Sukuk, MENA

The new target, an 80 per cent increase over FAB's 2021 commitment of AED275.4 billion, (USD75 billion) represents the largest sustainable finance commitment made by any MENA bank to date.

Key Points: 
  • The new target, an 80 per cent increase over FAB's 2021 commitment of AED275.4 billion, (USD75 billion) represents the largest sustainable finance commitment made by any MENA bank to date.
  • The expansion underscores FAB's commitment to be a key enabler of the regional sustainable finance agenda and its responsiveness to shifting customer and community priorities.
  • In setting even more ambitious sustainable finance targets by 2030, we are expanding our commitment.
  • Since 2021, it has facilitated over AED100 billion (USD27 billion) as of September-end 2023 in sustainable projects towards renewable energy, clean transportation, green buildings and social projects.

FAB to Provide Over AED500 Billion (USD135 Billion) in Green Finance by 2030, Increasing Sustainable Commitment by 80%

Retrieved on: 
Tuesday, December 5, 2023
Islam, Green bond, Climate change, Hydrogen, UN, COP28, Investment, First Abu Dhabi Bank, Heart, USD, NZBA, Conference, FAB, GCC, Renewable energy, Drug, Sukuk, MENA

The new target, an 80 per cent increase over FAB's 2021 commitment of AED275.4 billion, (USD75 billion) represents the largest sustainable finance commitment made by any MENA bank to date.

Key Points: 
  • The new target, an 80 per cent increase over FAB's 2021 commitment of AED275.4 billion, (USD75 billion) represents the largest sustainable finance commitment made by any MENA bank to date.
  • The expansion underscores FAB's commitment to be a key enabler of the regional sustainable finance agenda and its responsiveness to shifting customer and community priorities.
  • In setting even more ambitious sustainable finance targets by 2030, we are expanding our commitment.
  • Since 2021, it has facilitated over AED100 billion (USD27 billion) as of September-end 2023 in sustainable projects towards renewable energy, clean transportation, green buildings and social projects.

World's First Institutional Tokenised Sukuk Backed by a Sovereign-Linked Instrument Listed

Retrieved on: 
Monday, October 30, 2023
Ethereum, Accounting, Malaysia International Islamic Financial Centre, Accounting and Auditing Organization for Islamic Financial Institutions, Ministry of Finance (Malaysia), Exercise, American depositary receipt, Sukuk, Ministry, Environment, Islamic banking and finance, ADR, FDR Drive, FDR, Security (finance), Cryptocurrency, Islam, Sharia, Fusang

LABUAN, Malaysia, Oct. 30, 2023 /PRNewswire/ -- Fusang Exchange today announced the successful tokenisation and listing of a digital sukuk representing the corresponding underlying sukuk issued by the International Islamic Liquidity Management Corporation (IILM)*. IILM is an international organisation established to address liquidity management challenges faced by Islamic financial institutions globally and acts as the programme administrator of the underlying sukuk.

Key Points: 
  • Fusang, a digital stock exchange operator has listed the world's first institutional tokenised sukuk backed by a sovereign-linked instrument, opening up access to a short-term A-1 rated sukuk for global institutions and their clients.
  • The tokenisation and listing exercise was completely led by Fusang, utilising its proprietary Fusang Depository Receipt ("FDR") structure to "wrap" the underlying sukuk into a digital form.
  • FDRs are fully redeemable for the underlying IILM sukuk and are secured by third-party independent custodians.
  • We envisage the new Guidelines on Labuan Securities Token Offering would further spur the development of tokenised securities in Labuan.

Cloud-Based Solutions Propel Islamic Banking Software Market as Mobility Reshapes Financial Services

Retrieved on: 
Monday, October 9, 2023
Sukuk, Islam, USD, Compound annual growth rate, Growth, Mobile phone, Online shopping

DUBLIN, Oct. 9, 2023 /PRNewswire/ -- The "Global Islamic Banking Software Market 2023-2027" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Oct. 9, 2023 /PRNewswire/ -- The "Global Islamic Banking Software Market 2023-2027" report has been added to ResearchAndMarkets.com's offering.
  • The comprehensive report on the Islamic banking software market provides a holistic analysis, including market size and forecasts, current trends, growth drivers, challenges, and vendor analysis, featuring approximately 25 vendors.
  • Several key factors are driving the growth of the Islamic banking software market:
    Smart Cards by Islamic Banks: The issuance of smart cards by Islamic banks is a significant driver, enhancing the adoption of advanced software solutions.
  • Mobility in Banking: The trend toward increased mobility in the banking industry further drives the need for software solutions that can support this shift.

DIFC continues to drive Action on global Climate Change on Path to COP28, announces Future Sustainability Forum in Dubai

Retrieved on: 
Monday, July 24, 2023
United Nations Sustainable Development Group, Insurance, Forum, Paris, SDG, COP28, Paris Agreement, Policy, Sukuk, Waste management, Carbon, Climate change, Sustainability, UN, Sustainability Bonds, Climate, ESG, Nasdaq Dubai, Drug, Renewable energy, Agenda

DUBAI, UAE, July 24, 2023 - (ACN Newswire) - Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, today announced its first edition of the Future Sustainability Forum.

Key Points: 
  • DUBAI, UAE, July 24, 2023 - (ACN Newswire) - Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, today announced its first edition of the Future Sustainability Forum.
  • - The inaugural Future Sustainability Forum marks the Year of Sustainability in the UAE and will be held in Dubai 4-5 October 2023.
  • Arif Amiri, CEO of DIFC Authority, said: "We are thrilled to welcome the world to Dubai and the Future Sustainability Forum as part of our 'Path to COP28' programme.
  • The UAE and Dubai government have spearheaded a range of comprehensive sustainability programmes in the pursuit of a net zero future.

DIFC Continues to Drive Action on Global Climate Change on Path to COP28, Announces Future Sustainability Forum in Dubai

Retrieved on: 
Tuesday, July 18, 2023
United Nations Sustainable Development Group, Insurance, Forum, Paris, SDG, COP28, Paris Agreement, Policy, Sukuk, Waste management, Carbon, Climate change, Sustainability, UN, Agenda, Sustainability Bonds, Climate, ESG, Nasdaq Dubai, Drug, Renewable energy

The inaugural Future Sustainability Forum marks the Year of Sustainability in the UAE and will be held in Dubai 4-5 October 2023.

Key Points: 
  • The inaugural Future Sustainability Forum marks the Year of Sustainability in the UAE and will be held in Dubai 4-5 October 2023.
  • Dubai, United Arab Emirates--(Newsfile Corp. - July 18, 2023) - Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, today announced its first edition of the Future Sustainability Forum.
  • Arif Amiri, CEO of DIFC Authority, said: "We are thrilled to welcome the world to Dubai and the Future Sustainability Forum as part of our 'Path to COP28' programme.
  • The UAE and Dubai government have spearheaded a range of comprehensive sustainability programmes in the pursuit of a net zero future.