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Royal Group secures world’s first Islamic green hospitality financing
The Singapore-based Royal Group of Companies has obtained the world’s first Islamic green financing in the hospitality sector totaling S$250 million (US$186.57 million) from Maybank Singapore. The facility, which represents the Royal Group’s first foray into the sustainability finance, is earmarked for the construction of Raffles Sentosa Resort & Spa Singapore and for the upgrading of the existing Sofitel Singapore Sentosa Resort & Spa.
24 Mar 2021
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Dubai Islamic Economy Development Centre Launches 2021 Plan, Reinforces Dubai’s Status as Global Capital of Islamic Economy
The Dubai Islamic Economy Development Centre (DIEDC) lately held its first board meeting for 2021, presided by His Excellency Sultan bin Saeed Al Mansouri, Chairman of DIEDC. Convening DIEDC’s board members to review the progress of strategic initiatives made by the Centre last year, the meeting also detailed the action plan for 2021, with a specific focus on the DIEDC 2022-2030 Strategy.
15 Mar 2021
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Dr. Al-Qasabi: Trade relations with Malaysia witnessing great development
Minister of Commerce Dr. Majid Bin Abdullah Al-Qasabi has confirmed that the trade relations between the Kingdom of Saudi Arabia and Malaysia have witnessed a great development during the past years. The development comes as a result of the two countries' keenness to establish strategic partnerships that benefit the two countries.
15 Mar 2021
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Global sukuk issuance to fall slightly in 2021 as financing needs ease
Global sukuk issuance is expected to fall slightly in 2021 as financing needs narrow amid higher oil prices, lower coronavirus-related expenditures and accelerating economic activity in core sukuk-issuing countries, Moody’s Investors Service said in a research report.
03 Mar 2021
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The IILM announces its most active Primary Dealers for 2020
Since 2013, the IILM has published the league table of top three most active Primary Dealers at primary and since 2019 at secondary market. For 2020, in addition to capping off the year with the highest issuance amount on record of USD11.95 billion across 35 series, the IILM is pleased to announce that the final overall rankings of Primary Dealers are as follows:
19 Feb 2021
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Sukuk issuances will surge this year, driving post-COVID-19 recovery - DIEDC CEO
As countries begin undertaking economic recovery programs, the GCC region is likely to see an increase in issuances of sukuk, or Islamic bonds, according to Abdulla Mohammed Al Awar, Chief Executive Officer at Dubai Islamic Economy Development Centre (DIEDC).
19 Feb 2021
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IsDB and THIQAH Sign Agency Agreement to Promote Investment and Trade in Member Countries
To underscore the importance of the role of the private sector in sustainable development, job creation and promotion of investment and trade amongst Member Countries of the Islamic Development Bank (IsDB) Group, an Agency Agreement has been signed between IsDB and the Islamic Corporation for the Development of the Private Sector (ICD) to benefit from the IsDB Group Business Forum – THIQAH.
16 Feb 2021
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IsDB and ICD Sign Agency Agreement to Implement R2 COVID Support Line of Finance
President of Islamic Development Bank (IsDB) Dr. Bandar Hajjar, and CEO of the Islamic Corporation for the Development of the Private Sector (ICD), Mr. Ayman Sejiny, have put their signatures to an Agency Agreement for the implementation of IsDB Group’s R2 COVID Support Package, which will assist IsDB Group Member Countries to restore their economies and recover from the negative impacts resulting from the ongoing COVID-19 pandemic.
16 Feb 2021
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