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

Development bank shows Sukuk versatility with benchmark issuance

On the 25th October the Saudi Arabia-based Arab Petroleum Investments Corporation (APICORP), a multilateral development bank established to boost the development of the Gulf region’s oil and gas industries, floated a US$500 million Sukuk issuance...

Malaysian housing program funds building scheme through Sukuk

Public housing developer Perumahan Rakyat 1Malaysia (PR1MA) in October utilized a comprehensive multi-tenor Islamic debt program to fund the development of a new roll-out of affordable housing projects. The transaction represents a textbook example of...

Malaysian energy firm issues world’s first ‘green’ Sukuk

Solar energy company Tadau Energy made history earlier this year with the issuance in July of the world’s first-ever ‘green’ Sukuk, under Malaysia’s SRI Sukuk framework launched in 2014 to encourage socially responsible investment through...

Malaysian property firm issues Sukuk for land sale

One of Malaysia’s biggest property developers, SP Setia, in September issued a simple and straightforward Sukuk transaction to raise funds for the purchase of land on the island of Penang, in a deal which demonstrates...

Local currency deal demonstrates appeal of Islamic tranche

Islamic financing isn’t all about Sukuk – commercial finance also plays a large part and bank loans are one of the biggest segments in the Islamic debt sector. In August, Omani utilities firm Majan Electricity...

Malaysian utilities firm highlights extended appetite for longer tenors

The first visit to the capital market for the TNB parent company in almost two decades, the dual-tranche transaction was issued in July and comprised a 15-year RM500 million (US$116 million) tranche and a 20-year...

Chinese foray into Malaysian market suggests critical mass attracting conventional corporates

In July, Chinese conglomerate Beijing Enterprise Water Group Malaysia (BEWG(M)) tapped the Malaysian Sukuk market for a debut RM400 million (US$93.4 million) issuance to fund a new project in the state of Terengganu, in a...

Successful hospital financing confirms versatility of Islamic syndication

Following on from our cover story this month highlighting the expansive opportunities for Islamic structures in financing healthcare development, our case study explores a successful syndicated financing transaction for a major healthcare developer. The syndicated...

Rukun Juang issuance illustrates competitive versatility of Islamic structures

In June 2017 Malaysian real estate developer Rukun Juang privately placed Islamic floating-rate notes (FRN) worth RM993 million (US$232.06 million) through a short-term Sukuk facility that demonstrates the versatility and accessibility of Islamic fund-raising options....

Leading real estate developer utilizes hybrid Sukuk to meet its complex needs

In April 2017, leading Dubai property group DAMAC Real Estate Investments priced a US$500 million five-year Sukuk issuance at par with a 6.25% profit rate, in a complex deal that illustrates just how versatile Shariah...