IFN - Corporate Case Study

The Islamic dollar is big business – but how can Halal firms make sure that their financing is as ethical as their output? IFN Halal Finance is a comprehensive resource providing Halal firms with the information they need on the Islamic financial markets and the choices therein.
IFN Halal Finance provides a direct channel of communication to corporates worldwide. From January 2020 IFN Halal Finance takes over from IFN Corporate

Case Study

Arab Company’s Sukuk Ijarah facility displays depth and breadth of Islamic market

Arab Company for Projects and Urban Development, a wholly-owned construction and real estate subsidiary of Egyptian holdings company Talaat Moustafa Group, on the 8th April issued a Sukuk facility worth EGP2 billion (US$126.78 million). The...

Halal manufacturer leads the way with low-yield Sukuk

Malaysia’s Top Glove Corporation, through its fully-owned subsidiary TG Excellence, in February made market history with the issuance of a RM1.3 billion (US$310.4 million) perpetual Sukuk that achieved the lowest yield ever for a corporate...

Top ratings for green Sukuk highlight SRI advantage in the capital market

Halpro Engineering, a special purpose company set up by Malaysian contractor Majulia and German alternative energy firm Greencells to develop solar plants, was in October awarded the highest possible rating for its proposed RM195 million...

Hotel developer capitalizes on tourism growth with Islamic issuance

In August 2019 Dubai-based The First Group (TFG), one of the largest privately-owned real estate developers in the emirate, issued a US$135 million secured amortizing Sukuk, listed on the London Stock Exchange (LSE)’s International Securities...

Malaysian utilities firm demonstrates commercial advantage of Islamic capital raising

Malaysia’s national water company, Pengurusan Aset Air Berhad (PAAB), at the start of July placed an Islamic paper totalling RM1.1 billion (US$266.06 million), made up of three tranches. The issuance, the latest in a long...

Indonesian gas giant funds expansion through Islamic issuance

Indonesia’s Aneka Gas, one of the country’s biggest industrial gas companies, in March launched a public offering for Shelf-Registered Bonds I Phase III 2019 amounting to IDR180 billion (US$12.8 million) and Shelf-Registered Sukuk I Phase...

Saudi dairy firm milks the market for a major splash

In February 2019, Almarai Company, one of Saudi Arabia’s largest conglomerates and the world’s biggest vertically integrated dairy company, launched its debut international Islamic offering to immense demand — with an orderbook oversubscribed 11 times,...

Malaysian conglomerate debuts Islamic notes

In late December 2018 yet another Malaysian corporate joined the thriving domestic Sukuk market with the debut issuance of RM165 million (US$40.5 million) in Islamic medium-term notes, under a RM300 million (US$73.6 million) program. Facilities...

Malaysian corporate becomes first to monetize unbilled sales

Malaysian property developer Exsim Development made history in November, becoming the first company in Malaysia to monetize unbilled sales from multiple development projects to finance a RM290 million (US$69.6 million) Sukuk, the first tranche to...

Sophomore issuance demonstrates Sukuk success as tool for overseas expansion

The second Sukuk issuance from environmentally-friendly property developer EcoWorld demonstrates the growing appeal of the Islamic debt capital market for companies seeking to raise finance for overseas expansion on a socially responsibly basis – without...