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Federal government has approved contracts presented to it by ministries, parastatals and agencies, worth N392.785 billion. Ministers took turns yesterday to

DUBAI, 20th February, 2023 (WAM) -- The Public Debt Management Office (DMO) of the Government of Dubai’s Department of Finance (DOF) announced the redemption of US$750 million (approximately AED2.755 billion) worth of Trust Certificates (Sukuk) issued on 30th January 2013, under the Trust Certificate Issuance Programme (Sukuk Programme).The Government also prepaid an additional US$300 million (approximately AED 1.1 billion) of Sukuk through an early redemption, almost four years ahead of its maturity in November 2026.The Public Debt Management Office announced that the Dubai Government has.....

The Public Debt Management Office (DMO) of the Government of Dubai’s Department of Finance (DOF) announced the redemption of $750 million (approximately AED2.755 billion) worth of Trust Certificates (Sukuk) issued on 30 January 2013, under the Trust Certi

Timely settlement of financial obligations reflects Dubai’s strong financial position

Maybank Islamic Bank was among the top three most active primary dealers for the IILM Sukuk Programme for 2022, the International Islamic Liquidity Management Corporation (IILM) said. IILM, an international organisation that develops and issues short-term Shariah-compliant financial instruments, said based on the total amount allocated at the primary level as of end-December 2022, a total of 37 sukuk issued for a cumulative amount of US$13.88 billion with Maybank Islamic Bank joining Kuwait Finance House and First Abu Dhabi Bank as the top three primary dealers.