Latest news with #Sukuk
Biz Bahrain
a day ago
- Business
- Biz Bahrain
CBB Sukuk Al Ijara oversubscribed by 259%
The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic leasing (Ijara) Sukuk has been oversubscribed by 259%. Subscriptions worth BD 67.462 million were received for the BD 26 million issue, which carries a maturity of 182 days. The expected return on the issue, which begins on July 31 and matures on January 29, 2026, is 5.42% compared to 5.35% of the previous issue on July 1. The Sukuk Al Ijara are issued by the CBB on behalf of the Government of the Kingdom of Bahrain. This is issue No.240 (BH0004624266) of the short-term Sukuk Al Ijara series.
Zawya
a day ago
- Business
- Zawya
Central Bank of Oman to host the 17th IFSB Summit in Muscat, February 2026
KUALA LUMPUR/MUSCAT – The Islamic Financial Services Board (IFSB) is pleased to announce that the 17th IFSB Summit will be hosted by the Central Bank of Oman (CBO) from 2nd to 4th February 2026 in Muscat, Sultanate of Oman. Under the theme ' Islamic Finance for the Future: Breaking New Ground for Global Impact', the summit brings together central banks, financial regulatory authorities, international organisations and industry leaders to explore the evolving importance of Islamic finance in shaping a stable and ethical global financial system. Discussions will focus on critical areas of Islamic finance, including navigating disruptions, strengthening the non-bank financial sector, enhancing the Sukuk market, and addressing financial inclusion, social impact and climate action. IFSB Secretary-General, Dr Ghiath Shabsigh shares the significance of the summit, 'The IFSB Summit continues to serve as a strategic forum for exchanging ideas on emerging developments in Islamic finance and advancing its global mainstream adoption. It reflects our commitment to the soundness and stability of the industry by convening regulatory and supervisory authorities, international bodies, and market participants to discuss pertinent industry matters. Aligned with the theme 'Islamic Finance for the Future: Breaking New Ground for Impact', we look forward to working with the Central Bank of Oman to bring the 17th IFSB Summit to Oman in 2026 – unlocking the growth and development opportunities of the industry together.' H.E. Ahmed Al Musalmi, Governor of the Central Bank of Oman, noted, 'We look forward to hosting the IFSB Summit in Muscat next year. We view this gathering as a strategic inflection point—a catalyst to deepen our understanding of the shifting global economic landscape. This summit offers a unique opportunity to foster visionary dialogue, spark innovative collaborations, and reinforce the resilience of the Islamic financial industry amid ongoing uncertainties. Our sector has consistently demonstrated its robustness and adaptability, and this occasion will serve to chart a sustainable and inclusive growth trajectory. We are confident that the insights generated will not only strengthen our industry's foundations but also elevate its role as a key driver of economic stability and development in the years ahead.' Extending the exposure on Islamic finance, the pre-summit day on February 2nd will be open to the public. It will introduce key industry discussions including a CEO's Forum and dedicated roundtables with non-governmental organisations and youth. Attendees can also explore curated exhibitions from Islamic financial industry players and a showcase of Oman's rich heritage and culture. The IFSB invites financial sector stakeholders, regulators, and industry leaders to participate in shaping the future of Islamic finance. Details on registration for delegations, agenda, and speakers will be made available on the IFSB website, About the Islamic Financial Services Board (IFSB) The Islamic Financial Services Board (IFSB) is an international organisation committed to promoting the soundness and stability of the Islamic financial services industry (IFSI) by developing international standards for the regulation and supervision of the IFSI, supporting the adoption and consistent implementation of standards and sound industry development through capacity building and technical assistance, and monitoring financial stability and identifying current and emerging risks to the IFSI. Established in 2003 and headquartered in Kuala Lumpur, Malaysia, the IFSB works closely with other international organisations, regulatory and supervisory authorities, and regional partners, aligning its efforts with global standards towards the sustainable growth and development of Islamic finance, and serves as a platform for cooperation and knowledge sharing among its members. For more information about the IFSB, please visit
Gulf Today
2 days ago
- Business
- Gulf Today
Arada completes issuance of $450 million Sukuk
Arada Developments, rated B1 by Moody's and B+ by Fitch, has successfully completed the issuance of a $450 million Sukuk, which has been listed on the London Stock Exchange and the Nasdaq Dubai. The five-year fixed rate RegS Sukuk issuance, rated BB- by Fitch and B1 by Moody's, was priced with a coupon of 7.150 per cent, tightening 47.5bps- 60bps from the initial price guidance of 7.625 per cent-7.750 per cent for a spread of 317 bps over US Treasuries, for the tightest reoffer yield ever achieved by Arada. The proceeds of the issuance will be used for a tender offer of up to US$100 million on Arada's existing Sukuk maturing 2027, with the balance for general corporate purposes. The Sukuk issuance saw strong demand from both regional and international investors with a subscription order book peaking above $2 billion (excluding Joint Lead Managers), equivalent to over four times the offer size. Prince Khaled Bin Alwaleed Bin Talal, Executive Vice Chairman of Arada, said, "Our latest successful return to the global markets reflects once again the trust being placed by regional and international investors in Arada's track record, robust financial position and growth prospects. This issuance serves as a platform of our next phase of growth as we continue target growth opportunities both at home in the UAE and abroad.' Investor interest for the Sukuk was diversified geographically, coming from Europe, the Middle East and Asia. The investors for this issuance include banks, private banks, asset and fund managers, and hedge funds. The Joint Global Coordinators for the Sukuk were Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, Mashreq and Standard Chartered Bank, while Arab Bank, Arqaam Capital, Bank ABC, RAK Bank, Sharjah Islamic Bank and Warba Bank acted as Joint Lead Managers and Bookrunners. Since its launch in 2017, Arada has launched nine successful projects in both Sharjah and Dubai, and has a pipeline of existing and future projects in the UAE and Australia valued at over DhsD90 billion. In total, Arada has sold over 17,000 units since inception, valued at over Dhs29 billion, with over 10,000 units completed. WAM
Sharjah 24
2 days ago
- Business
- Sharjah 24
Arada completes closure of 4 times-oversubscribed $450 mn Sukuk
The five-year fixed rate RegS Sukuk issuance, rated BB- by Fitch and B1 by Moody's, was priced with a coupon of 7.150%, tightening 47.5bps- 60bps from the initial price guidance of 7.625%-7.750% for a spread of 317 bps over US Treasuries, for the tightest reoffer yield ever achieved by Arada. The proceeds of the issuance will be used for a tender offer of up to US$100 million on Arada's existing Sukuk maturing 2027, with the balance for general corporate purposes. The Sukuk issuance saw strong demand from both regional and international investors with a subscription order book peaking above US$2 billion (excluding Joint Lead Managers), equivalent to over four times the offer size. Prince Khaled bin Alwaleed bin Talal, Executive Vice Chairman of Arada, said, 'Our latest successful return to the global markets reflects once again the trust being placed by regional and international investors in Arada's track record, robust financial position and growth prospects. This issuance serves as a platform of our next phase of growth as we continue target growth opportunities both at home in the UAE and abroad.' Investor interest for the Sukuk was diversified geographically, coming from Europe, the Middle East and Asia. The investors for this issuance include banks, private banks, asset and fund managers, and hedge funds. The Joint Global Coordinators for the Sukuk were Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, Mashreq and Standard Chartered Bank, while Arab Bank, Arqaam Capital, Bank ABC, RAK Bank, Sharjah Islamic Bank and Warba Bank acted as Joint Lead Managers and Bookrunners. Since its launch in 2017, Arada has launched nine successful projects in both Sharjah and Dubai, and has a pipeline of existing and future projects in the UAE and Australia valued at over AED90 billion. In total, Arada has sold over 17,000 units since inception, valued at over AED29 billion, with over 10,000 units completed.
Zawya
2 days ago
- Business
- Zawya
Arada completes successful closure of 4 times-oversubscribed $450mln sukuk
SHARJAH - Arada Developments LLC, rated B1 by Moody's and B+ by Fitch, has successfully completed the issuance of a US$450 million Sukuk, which has been listed on the London Stock Exchange and the Nasdaq Dubai. The five-year fixed rate RegS Sukuk issuance, rated BB- by Fitch and B1 by Moody's, was priced with a coupon of 7.150%, tightening 47.5bps- 60bps from the initial price guidance of 7.625%-7.750% for a spread of 317 bps over US Treasuries, for the tightest reoffer yield ever achieved by Arada. The proceeds of the issuance will be used for a tender offer of up to US$100 million on Arada's existing Sukuk maturing 2027, with the balance for general corporate purposes. The Sukuk issuance saw strong demand from both regional and international investors with a subscription order book peaking above US$2 billion (excluding Joint Lead Managers), equivalent to over four times the offer size. HRH Prince Khaled bin Alwaleed bin Talal, Executive Vice Chairman of Arada, said, 'Our latest successful return to the global markets reflects once again the trust being placed by regional and international investors in Arada's track record, robust financial position and growth prospects. This issuance serves as a platform of our next phase of growth as we continue target growth opportunities both at home in the UAE and abroad.' Investor interest for the Sukuk was diversified geographically, coming from Europe, the Middle East and Asia. The investors for this issuance include banks, private banks, asset and fund managers, and hedge funds. The Joint Global Coordinators for the Sukuk were Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, Mashreq and Standard Chartered Bank, while Arab Bank, Arqaam Capital, Bank ABC, RAK Bank, Sharjah Islamic Bank and Warba Bank acted as Joint Lead Managers and Bookrunners. Since its launch in 2017, Arada has launched nine successful projects in both Sharjah and Dubai, and has a pipeline of existing and future projects in the UAE and Australia valued at over AED90 billion. In total, Arada has sold over 17,000 units since inception, valued at over AED29 billion, with over 10,000 units completed.
