Indonesia has officially set the ST017 sukuk coupon rate at 6.95% per year for the 2-year tenor (ST017T2) and 7.05% per year for the 4-year tenor (ST017T4). The rates were announced by the Directorate General of Budget Financing and Risk Management (DJPPR) of the Ministry of Finance (Kemenkeu) on Thursday 5 November 2026, the day…
Key Points Has Indonesia Extended the Halal Certification Deadline to 2028? Yes. Indonesia has extended several mandatory halal certification deadlines from October 2026 to October 2028. The change is set out in Government Regulation (PP) No. 40 of 2026, which was enacted and promulgated on 14 October 2026 and amends PP No. 42 of 2024…
Key Points Can Muslims Celebrate Thanksgiving? There is no single agreed answer, because scholars differ on what Thanksgiving is. Some scholars regard it as a non-Muslim festival that Muslims should not celebrate, while others regard it as a secular, cultural occasion — a family meal centred on gratitude — that a Muslim may join with…
Key Points What Is the Best Dua for Rizq? The most complete dua for rizq is the one the Prophet Muhammad ﷺ himself made every morning. Umm Salamah (may Allah be pleased with her) reported that after the Fajr prayer, when he gave the salam, the Prophet ﷺ would say: اللَّهُمَّ إِنِّي أَسْأَلُكَ عِلْمًا نَافِعًا،…
Key Points Do I Have to Pay Zakat on My Salary? Yes — but how it works depends on what happens to the salary after you receive it. Zakat is not an income tax on every payslip by classical agreement; it is a duty on wealth you own. So the real question is not “did…
A new institutional system for religious services at Masjid al-Haram in Makkah and Masjid an-Nabawi in Madinah was launched in Makkah on 2 November 2026, corresponding to 22 Jumada al-Awwal 1448 AH. Sheikh Dr Abdulrahman Al-Sudais, President of Religious Affairs at the Grand Mosque and the Prophet’s Mosque, launched the system, which brings together three…
Energy Oman, legally Energy Development Oman SAOC, has announced its second Omani rial sukuk offering, Sukuk Series 2, with an initial size of OMR 50 million — about US$130 million — and an option to raise a further OMR 25 million through a greenshoe option. The Shari’a-compliant sukuk carries a fixed profit rate of 5%…
The United Arab Emirates raised AED 1.1 billion in its October 2026 auction of Treasury Sukuk and Treasury Bonds, after investors placed bids worth AED 4.54 billion — an oversubscription of 4.1 times. The auction, announced by the Ministry of Finance with the Central Bank of the UAE as issuing and payment agent, covered dirham-denominated…
Pakistan’s National Grid Company is planning a large Shariah-compliant borrowing programme. The company intends to raise up to Rs100 billion through Sukuk, beginning with an inaugural issuance of up to Rs20 billion with a tenor of up to 10 years, issued in tranches through public offerings listed on the Pakistan Stock Exchange. The plan is…
Rajab is the seventh month of the Islamic calendar and one of the four sacred months in Islam. Rajab 1448 is expected to begin around 10 December 2026, depending on the sighting of the new moon in each country, and it opens the sacred season that leads, through Sha’ban, into Ramadan. For many Muslims it…
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