DEALS

NASDAQ Dubai removes Emaar Sukuk’s securities from trading following final redemption
Central Bank of Bahrain’s monthly Sukuk Ijarah fully subscribed 
Indonesia issues IDR300 billion (US$22.86 million) Sukuk via private placement and raises IDR6.08 trillion (US$462.69 million) from Shariah securities auction
UEM Sunrise completes issuance of RM100 million (US$24.82 million) six-month Islamic commercial papers
Sarawak Hidro issues RM5.54 billion (US$1.37 billion) Sukuk Murabahah in various tranches
Mitsubishi UFJ Financial Group establishes RM20 billion (US$5 billion) Sukuk program; first tranche to be backed by Shariah auto financing facilities 
International Islamic Liquidity Management to auction two short-term Sukuk facilities
Nigeria postpones Sukuk issuance to first quarter of 2017
Malaysian government receives RM7.48 billion (US$1.85 billion) in bids for RM3 billion (US$743.49 million) GII Murabahah issuance
BRI Syariah to issue IDR1 trillion (US$76.2 million) Sukuk Mudarabah; bookbuilding to commence in October 2016

NEWS

Al Baraka Bank Sudan to roll out mobile banking services this year and open new branch
The IDB extends EGP50 million (US$5.62 million) SME credit line to Al Baraka Bank Egypt
National Bank of Kenya’s 2015 record loss due to corporate governance violations, not misuse of Islamic banking, says expert
MFB Holdings working on establishing new Islamic bank in Nigeria; secures Islamic Corporation for the Development of the Private Sector’s assistance
Bank Aceh receives approval to convert into a fully-fledged Shariah compliant entity
Pakistani government unable to legislate Eradication of Riba Bill 2015 as matter is sub judice, says parliament

ASSET MANAGEMENT

Pelaburan Hartanah Bumiputera selects AmBank as new distributor for its Shariah compliant unit trust fund
Employees Provident Fund witnesses encouraging response for its Shariah investment option
CIMB Islamic Trustee completes RM24 million (US$6 million) property acquisition for AmanahRaya Real Estate Investment Trust

TAKAFUL

Dubai Islamic Bank Pakistan and Adamjee Life Assurance Company enter into bancaTakaful agreement

RATINGS

Fitch assigns ‘AAA(idn)’ ratings to Indosat Ooredoo’s Sukuk and bonds
MARC affirms ‘AA-IS’ rating on Kimanis Power’s Sukuk program with a stable outlook
Turkish participation banks receive negative rating outlook following outlook downgrade on sovereign rating
Islamic International Rating Agency reaffirms Kuveyt Turk Participation Bank’s ratings
Axis REIT maintains Sukuk ratings with a stable outlook
Attijariwafa Bank receives ‘BBB’ rating
Capital Intelligence affirms negative outlook on Oman’s sovereign ratings
NUR Power maintains ‘AAA’ Sukuk ratings supported by guarantees from Maybank Islamic and Danajamin Nasional
MARC withdraws ‘AAA-ID(bg)’ rating on Horizon Hills Development’s Islamic notes program
S&P affirms Kuwait’s ratings at ‘AA/A-1+’ with a stable outlook
MARC revises Sukuk rating methodology

MOVES

Central Bank of the Republic of Turkey appoints Mustafa Begun as vice-president of markets
National Bank of Abu Dhabi makes key executive appointments as Group CEO Alex Thursby steps down amid merger talks
Perbadanan Insurans Deposit Malaysia appoints Dr Nik Ramlah to board