NDMC
May 17, 2023

Saudi Arabia’s NDMC has successfully raised $6 billion through the issuance of Islamic bonds, also known as Sukuk.

Saudi Arabia’s National Debt Management Center (NDMC) has successfully raised $6 billion through the sale of Islamic bonds, known as sukuk, under its Global Trust Certificate Issuance Program. The issuance has received significant interest from investors, highlighting their confidence in the Saudi economy. According to a statement released on Tuesday, the Kingdom sold a $3 […]

Ministry Of Finance
April 26, 2023

The Ministry of Finance in the UAE plans to release Sukuk, an Islamic financial certificate, denominated in dirhams.

The UAE has taken a significant step forward in the Islamic ministry of finance industry with its plan to issue Sukuk denominated in dirhams.