Turkish participation bank Kuveyt Turk plans to issue sukuk, or Islamic bonds, in Malaysia aiming to raise as much as 2 billion ringgit ($625.3 million), its first foray into the Southeast Asian Islamic debt capital market.

Goldman Sachs will complete a $500 million debut sukuk issue later on Tuesday, with price guidance tightened slightly from earlier indications due to strong demand from investors, a document from lead managers showed on Tuesday.

New rules issued by the United Arab Emirates' securities market regulator aim to develop local currency bond and sukuk markets in the Arab world's second-biggest economy.

Islamic finance in Indonesia is still the ‘step child’ of the country’s banking sector, even with the country’s population of 210 million Muslims. Yet with Jokowi coming on as president in October, and a new blueprint from the Ministry of Finance due at the end of the year to expand the sector, there could be no better opportunity for Islamic finance to finally go mainstream in Southeast Asia’s largest economy, finds Aviel Tan

Kenya's KCB Bank, the country's largest lender by assets, plans to offer Islamic banking products through its entire branch network, accelerating the expansion of sharia-compliant banking in east Africa's biggest economy.

Regulators in Jordan have introduced a set of long-awaited rules for the issuance of sukuk, or Islamic bonds, paving the way for both the public and private sectors to tap into growing demand for sharia-compliant investments.

The emirate of Sharjah has appointed HSBC, National Bank of Abu Dhabi and Standard Chartered to manage a debut sukuk transaction, according to two sources away from the transaction.

A unit of Brazilian state-run lender Banco do Brasil SA plans to launch its first Islamic fund to help raise the profile of its Singapore unit, joining a growing list of asset managers returning to the sharia-compliant sector.

Islamic banking is based on core principles of the religion. So it is striking that some banks are removing the word "Islam" from their names - a sign of both the potential of Islamic finance to grow, and the obstacles to it becoming mainstream.

Credit agency RAM Ratings said state-backed mortgage lender Cagamas Bhd will issue 20 billion ringgit ($6.22 billion) in commercial paper and sukuk to refinance existing debt.