Sukuk WHO’s WHO Power List of Sukuk and Islamic Finance
The most comprehensive network of Sukuk and Islamic Finance Firms & Professionals covering Banking and Finance, Legal, Accountancy & Audit, Shari’a Scholars as well as many other sectors.
RECENTLY ADDED AND UPDATED CONTENT
SUKUK ARTICLES
Cross Border Sukuk Market Fails to Materialise as Issuance Expected to Decline
Sukuk Stall
US$202.1 billion of Sukuk were issued in 2021 representing a 9% growth. US$713 billion of sukuk were outstanding as of 2ISSUED SUKUK PROFILES: DOCUMENTS AND PRICES
SUKUK WHO’S WHO
Sukuk Projects
FAB Sukuk Company Limited
Issued: 14 Jan 2021: The five-year sukuk was three times oversubscribed with a total order book of around $1.5 billion. The sukuk’s investor base comprised 53% international and 47% from the Middle East and North Africa. The placement to Islamic investors was 76%, according to FAB. ISIN: XS2282234090
ICDPS Sukuk Limited
Issued: 15 Oct 2020: The Sukuk is subscribed by 37 international and regional investors. The orderbook exceeded USD 1.5 billion and ICD released a price guidance at MS + 160 bps area.
The diversity of the orderbook saw investors from 33 countries in Europe, Asia and the Middle East. More specifically, 7% of the transaction was allocation to UK/Europe, 21% to Asia, 72% to the Middle East. By investor type, fund managers were allocated 9%, Banks/Private Banks 59%, Agencies/Central Banks 29% and Others 3%.
The largest Sukuk issuance by ICD since inception and double the amount from its inaugural issuance in 2016 of USD300 million, despite the institution’s absence from the capital markets over the last four years.CBB International Sukuk Programme Company SPC
Issued: 16 Sep 2020: XS2226917701
Al Waseelah PLC
Issued: 30 Sep 2019: Issuer is Al Waseelah Plc. Al Waseelah PLC is the issuer of the NQ Minerals PLC secured notes. Noteholders will purchase NQ notes issued by Al Waseelah PLC, which would in turn undertake a commodity transaction with NQ Minerals PLC. NQ Minerals PLC will purchase commodities from Al Waseelah PLC for spot delivery on a deferred payment basis (profit re-payment), terms of which would replicate the features of the issued Al Waseelah PLC. NQ is an exploration, mining development and processing company focused on developing natural resources (principally metallic minerals) in Australia. ISIN - GB00BK4PG791
Al Waseelah PLC
Issued: 16 Sep 2020: The sukuk will fund the expansion of P1 Capital Ltd as it expands and builds its portfolio of diversified investments focussed in the South East of England
Dubai DOF Sukuk Ltd
Issued: 09 Sep 2020: ISIN: XS2227049108 Dubai DOF Sukuk Limited (Cayman Islands) operates as a special purpose entity (SPV) formed for the purpose of issuing debt securities.
Riyad Sukuk Limited
Issued: 01 Jan 1970: Order book reached USD 8.3bn, representing an over subscription rate of 5.5 times. The diversity of the orderbook was remarkable and saw 282 investors from 33 countries in Europe, Asia and the Middle East. More specifically, 28% of the transaction was allocation to UK/Europe, 28% to Asia, 18% to the Middle East (excluding Saudi Arabia), 17% to Saudi Arabia and 9% to the USA/Other. By investor type, fund managers were allocated 55%, followed by Banks/Private Banks 26%, Agencies/Central Banks 12% and Pension Funds/Insurance Companies 7%.
Sharjah Sukuk Programme Limited
Issued: 10 Jun 2020: XS2182820329
