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Saudi Arabia's sovereign wealth fund raised $3 billion with its debut bond sale in U.S. dollars.

RIYADH: Saudi Arabia’s domestic market has recorded $14.4 billion worth of sukuk sales this year, registering a growth of 185 percent over the last year, Bloomberg reported. Sukuk, which is also called an Islamic bond, is a debt product issued in accordance with Shariah or Islamic laws. This amount represents more than half of global domestic sukuk sales, and the Saudi

Sharia: When Muslim principles meet ESG Tanya Ashreena reports. When Schroders announced the launch of its Islamic Global Equity Fund in December, it said the fund would include a diversified investment strategy that combined Sharia law compliance with multi-factor investing and ESG principles. The fund’s launch was in line with the Schroder Global Investor Study published in 2019, which found that many investors in the Islamic world are putting an increased emphasis on sustainability while deciding how to allocate their portfolios – and that there is an opportunity for the Sharia investm...