Clifford Chance Middle East’s Post

Thank you Labuan IBFC and Qatar Financial Centre (QFC) Authority for choosing Bank Islam Malaysia Berhad as your preferred partner for the event. In the paper, we argued that success for Islamic Finance sector has to be measured beyond country ranking boundary, and one need to leverage on each other’s competitive advantage to take the sector to the next level #islamicfinanceforall

The IILM - International Islamic Liquidity Management successfully issued a total of USD 1.26 billion in three Ṣukūk series of 1, 3, and 6-month tenors. Today’s auction witnessed the participation of new investors across the GCC and Asia, and saw the largest orderbook year-to-date, with a combined orderbook in excess of USD 2.91 billion, representing an average bid-to-cover ratio of 231%. The IILM short-term Ṣukūk programme is rated “A-1” by S&P Global and “F1” by Fitch Ratings. If you are interested in purchasing the IILM Ṣukūk, please contact one of our Primary Dealers: ADIB - Abu Dhabi Islamic Bank, Albaraka Türk Katılım Bankası A.Ş, AFFIN Group, Boubyan Bank, CIMB, Dukhan Bank, First Abu Dhabi Bank (FAB), Kuwait Finance House, Maybank, Qatar Islamic Bank (QIB), Standard Chartered. #theIILM #moneymarket #sukuk #primarydealers #investors #centralbanks #liquidity #islamicbanking #islamicfinance #issuance #auction

The paper by our proud BITIZEN, Muhammad Md Husin, Ph.D, ACMA, CGMA, Head of Corporate Treasury #BankIslam can be retrieved from below link : https://lnkd.in/eZpXK7Mr

Congratulations to John Macedo, Nauman Malik and Mohanad AL Ghabra of Dubai Islamic Bank (DIB) for issuing the bank’s third Sustainable Sukuk. The impressive USD1bn deal size makes this Sustainable Sukuk the largest Sustainable issuance by a Middle Eastern FIG in almost a year. Dubai Islamic Bank was also able to successfully place this Sustainable Sukuk at a spread of UST+95bps, which makes DIB one of the few issuers in the Middle East capable of placing tighter than UST+100bps. The deal received over USD2.5bn in orderbooks from investors across Asia, Europe and the Middle East. We also congratulate the teams at J.P. Morgan, HSBC, Emirates NBD, First Abu Dhabi Bank (FAB), Standard Chartered, Al Rajhi Capital, Bank ABC, KFH Capital, Mashreq and Sharjah Islamic Bank for their excellent execution on this Sustainable Sukuk. Click on the link below to read the full CMDportal TopDeal reasoning and deal statement with commentary. https://lnkd.in/eEX955-F   #capitalmarkets #fixedincome #debtcapitalmarkets #bondmarkets #sustainableinvesting #ESG #islamicfinance #sukuk

Join us as we commemorate a significant milestone - Al Rayan Bank’s 20th anniversary. Over the past two decades, we’ve been at the forefront of innovation in the dynamic world of Islamic finance. As we embark on the next chapter of our evolution, our ambition is high - propelling us towards an exciting future. In a world where change is the only constant, we choose to embrace it. Here’s to the next 20 years! #AlRayanBank20

The Board of Directors at United Arab Bank (UAB) has unanimously chosen Sheikh Mohammed bin Faisal bin Sultan Al Qassimi as the new Chairman, succeeding Sheikh Faisal bin Sultan bin Salem Al Qassimi, who led the Board for almost fifty years. This selection underscores the bank's and its shareholders' commitment to innovation and growth amid ongoing developments in the banking industry, marking a new era of success. #uae #banking #uab #financeworld #financeworldmagazine

The IILM - International Islamic Liquidity Management successfully issued a new short-term Sukuk worth USD 490 million in three series of 1, 3, and 6-month tenors. Today’s auction is a special occasion as it brings the IILM’s total outstanding Ṣukūk to USD 4 billion, which is the highest ever since the inception of the IILM Ṣukūk Programme in 2013. The IILM short-term Ṣukūk programme is rated “A-1” by S&P Global and “F1” by Fitch Ratings.   If you are interested in purchasing the IILM Ṣukūk, please contact one of our Primary Dealers: ADIB - Abu Dhabi Islamic Bank, Albaraka Türk Katılım Bankası A.Ş, AFFIN Group, Boubyan Bank, CIMB, Dukhan Bank, First Abu Dhabi Bank (FAB), Kuwait Finance House, Maybank, Qatar Islamic Bank (QIB), Standard Chartered. #theIILM #moneymarket #sukuk #primarydealers #investors #centralbanks #liquidity #islamicbanking #islamicfinance #issuance #auction

Could you guess from the video which Arabian bank outshines in market cap the well-known Deutsche Bank, Santander, Intesa Sanpaolo, or Brazilian Banco Itaú? It is alrajhi bank, a privately owned full-service bank in #SaudiArabia founded in 1957. It is one of the major players in #Saudi banking and the overall economy. While riding through King Fahd Road, I captured this glimpse of its headquarters. I strongly recommend that business people visit Saudi Arabia and see the growth taking place in the country. #Riyadh #SaudiArabia #ArabiaSaudita #Banks #InvestmentBanking #Gulf #WEF #banking #Brasil #Brazil #Itau #bancos #marketcap FEBRABAN World Economic Forum Milken Institute

Could you guess from the video which Arabian bank outshines in market cap the well-known Deutsche Bank, Santander, Intesa Sanpaolo, or Brazilian Banco Itaú? It is alrajhi bank, a privately owned full-service bank in #SaudiArabia founded in 1957. It is one of the major players in #Saudi banking and the overall economy. While riding through King Fahd Road, I captured this glimpse of its headquarters. I strongly recommend that business people visit Saudi Arabia and see the growth taking place in the country. #Riyadh #SaudiArabia #ArabiaSaudita #Banks #InvestmentBanking #Gulf #WEF World Economic Forum #banking #Brasil #Brazil #Itau #bancos #marketcap FEBRABAN