Riyadh-based Al Bayan Holding became the first Saudi Arabian company to issue an Islamic bond in Malaysian ringgit, paving the way for more corporations from the kingdom to tap into Malaysia's market, the world's biggest for sukuk.
National Bank of Abu Dhabi , the UAE's largest lender by market value, has issued a 500 million Malaysian ringgit ($163 million) Islamic bond or sukuk, its third in the south Asian currency.
The 15-year sukuk was issued at a c
Abu Dhabi National Energy Company (Taqa) priced a 650 million Malaysian ringgit-denominated Islamic bond, or sukuk, the company said in a statement on Sunday.
The ten-year sukuk, which is worth the equivalent of $215 million, carried a 4.
Abu Dhabi National Energy Co (Taqa) plans to tap the Malaysian sukuk market with a 3.5 billion ringgit ($1.1 billion) Islamic bond, or sukuk, programme, the company said in a bourse statement on Sunday.
The bond programme is pending regula