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Sustainable sukuk market on 'promising upward trajectory'

The sustainable sukuk market is on track for another strong 2024 for issuance as the Islamic finance instrument increasingly attracts debut issuers, regulatory support, and international investors.

DFCC Bank preparing first green bond in Sri Lanka

US natural gas risks downgraded, as Fitch updates transition scores

Fitch Ratings has updated its Climate Vulnerability Signals (Climate.VS) with changes for the nuclear, natural gas power and meat sectors among others.

'Promising' future for sustainable sukuk as record 2024 on track

Medium-term growth in sustainable sukuk issuance remains "promising" amid a record-breaking start to 2024 for the sustainable Islamic bond market, with some key markets seeing almost half of total sustainable bond issuance in sukuk format.

'Significant' sustainable sukuk growth potential as 2024 starts strongly

Sustainable sukuk issuance in the first three months of 2024 reached record levels after a ground-breaking 2023 for issuance, and market experts argue greater market confidence is set to support the further growth potential for the sustainable Islamic bond market.

More money market funds are Article 8, but fewer put ESG in the name

Nearly three-quarters of European money market funds (MMFs) are now classified as Article 8 under the EU's Sustainable Finance Disclosure Regulation (SFDR),...

Saudi Arabian green finance framework an 'important but controversial step'

The Kingdom of Saudi Arabia has published its green financing framework, opening the door to major oil exporter issuing sovereign green bonds and sukuk.

Nature poses credit risk to Asian sovereigns

Nature-related risks such as flooding or cyclones pose a major credit risk to south and southeast Asian sovereigns, Fitch Ratings has warned.

Sustainable sukuk 'to nearly double market share in five years'

Fitch Ratings said that sustainable sukuk could grow to be 7.5% of the overall sukuk market by 2028, up from 4% at the end of the third quarter.

Coal companies struggling to finance transition, says Fitch

Many coal companies in Asia are struggling to raise finance to transition their businesses, while coal is still seen as a strong opportunity, Fitch has said.