Global ESG sukuk market to surpass $60bn by end of 2026: Fitch

Tomoyuki Sasai is stepping up to replace Marc Saffon, who becomes Japan country head at the French bank.

Singapore-based Ashvin Parkash joins BNY from Nomura, where he was responsible for electronic distribution across fixed income and FX; Madiha Sattar joins in the UAE in a newly created Growth Ventures global role.

Hong Kong-based Kahloon will work alongside Corrinne Teo, and will be responsible for driving innovation and growth of Nomura’s solutions business.

The Eurasian Development Bank and Kazakhstan’s Samruk-Kazyna have tapped the offshore Renminbi market, while Uzbekistan has struck its first sukuk listing on AIX.

Malaysia’s Joint Committee on Climate Change (JC3) met last month to outline five initiatives to expedite the market’s transition to net zero. FA spoke to experts to assess the regulatory environment that Malaysia is working to cultivate, in support of climate-conscious investment.

The ETF, launched with BOCHK Asset Management, will track the iBoxx Tadawul Government & Agencies Sukuk Index; global sukuk issuance neared $200bn in 2024.