Funds & Asset Management – Islamic Finance: Islamic asset managers show resilience to coronavirus pressures
29 Sep 2020|Moody's Investors Service
Growth in Islamic assets under management (AUM) will slow in 2020-2021 as key Islamic economies perform more weakly. However, we still expect the growth rate to exceed the growth rate for global asset management industry.
Islamic Finance – Middle East: Saudi Electricity’s green sukuk highlights investor appetite for sustainable finance
15 Sep 2020|Moody's Investors Service
On 10 September 2020, Saudi Electricity Company (SEC) finalised the terms of a multi-tranche $1.3 billion green sukuk. SEC reported an order book of more than $5.2 billion for the offering, highlighting the strong investor appetite for sustainable bonds and sukuks.
19 Aug 2020|Moody's Investors Service
Christian de Guzman of the Sovereign team discusses how lower wages and the fall in employment of migrant workers in advanced economies will result in a decline in remittances to some developing economies. Also, Banking team analyst Nitish Bhojnagarwala talks about our outlook for the issuance of Islamic sukuk bonds.
18 Aug 2020|Moody's Investors Service
Sukuk come in two forms, “asset-based” and “asset-backed”. Asset-based sukuk, despite having assets in their structure, are effectively a pass-through of the unsecured credit risk of the obligor. The obligor may be a corporate, bank, sovereign or an insurer. Asset-backed sukuk, on the other hand, are similar to securitisations.