Cover Story

Domestic Sukuk issuance displays Saudi commitment to sustainable borrowing

Saudi Arabia tapped the domestic market for the first time this year with a SAR17 billion (US$4.3 billion) Sukuk issuance to boost coffers and bridge the budget deficit. The transaction met with demand high enough to bring the price close to its...


News Briefs

News Brief

A summary of all the latest Islamic finance news in the Kingdom and from around the world with a direct impact on the Saudi Arabia market.


Debt Capital Markets

Sovereign developments dominate as the private sector steps down for the summer

It has been another quiet month for corporate issuance in Saudi Arabia, with the riyal-denominated Sukuk program dominating the headlines as the private sector takes a break over the summer. However, a few quasi-sovereign deals have broken through...


Equity Capital Markets

Tadawul falls as oil rises; CMA boosts investor protection

Roles have reversed in Saudi’s equity markets over the past month, with oil prices seeing a slight increase of 3.3% (between the 3rd July and 2nd August) while the Tadawul All Share Index (TASI) dropped by -5.3% over the same period (down from a...


Insurance

Takaful operators see strong first half; Insurer turns Islamic to engage interest

The Islamic insurance sector in Saudi Arabia has had an upbeat second quarter, with firms reporting positive results even as the recent regulatory updates on health and auto insurance permeate down through the market. The appeal of the Islamic...


Banking

The results are in: A mixed bag for Saudi banks in the first half of 2017

As we emerge from the first six months of a turbulent 2017, first half results are coming in from Saudi’s banks - and they reflect the ups and downs of the past year. While many of the Kingdom’s Islamic banks look to have built on their...


Asset Management

Strong support for Saudi Islamic funds stimulates growth in new sectors

The competitive Saudi asset management industry is growing strongly, with stalwart performance and opportunities emerging in some promising sectors – including minerals, insurance and religious tourism. This month, IFN SAUDI ARABIA speaks to NCB...


Project Finance

Ma’aden seeks Islamic support for infrastructure expansion

Saudi Arabian Mining Company (Ma’aden) signed an MOU with the Islamic Corporation for the Development of the Private Sector (ICD) in July to develop and finance infrastructure projects, SMEs and community development projects in Saudi Arabia. The...