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Saudi Arabia’s Sukuk Program Established

Saudi Arabia’s Sukuk Program Established

Riyadh- The Debt Management Office (DMO) announced on Sunday the establishment of the local currency Islamic bonds program, after banks fulfilled requirements that qualify them to participate. Saudi Arabia’s ministry of finance – acting through the Debt...
Dubai Repays $600 Million Sukuk Certificates

Dubai Repays $600 Million Sukuk Certificates

Dubai – The Government of Dubai, acting through the Department of Finance (DOF), announced that the $600 million Sukuk Trust Certificates issued on 2 May 2012 under its $5 billion Trust Certificate Issuance Programme, reached maturity on 2 May 2017. Upon...