Oman’s Islamic banking performance in 2020 and outlook for 2021
Tuesday, 26 Jan 2021 | Volume18.Issue04
Special ReportsMALAYSIA: Employees Provident Fund rolls out US$600 million Islamic private equity separate managed account fund
MALAYSIA: Maybank reports 20.9% drop in 2020 net profit to RM6.48 billion (US$1.6 billion)
MALAYSIA: Skim Simpanan Pendidikan Nasional declares 4% dividend for 2020
MALAYSIA: Syarikat Takaful Malaysia Keluarga records decrease in operating revenue to RM2.96 billion (US$732.27 million) for 2020
MALAYSIA: UiTM Solar 2 secures ‘AA-IS’ rating for green Sukuk of up to RM100 million (US$24.74 million)
BAHRAIN: Al Baraka Banking Group records decrease of 8% in total net income for 2020 financial year
MALAYSIA: Cendana Sejati receives ‘D’ rating on senior Sukuk Murabahah program following failure to make timely redemption
UAE: AM Best removes Noor Takaful General and Noor Takaful Family from negative rating watch
MALAYSIA: MARC places ratings on Alpha Circle’s Sukuk on MARCWatch Negative following failure of meeting payment obligations
MALAYSIA: George Kent (Malaysia) closer to tapping Islamic capital market; receives final ratings for Sukuk programs
PAKISTAN: International Islamic Trade Finance Corporation to mobilize US$1.1 billion in trade finance support for Pakistan’s energy sector
NIGERIA: Non-Interest Financial Institutions Association of Nigeria appoints Hassan Usman as president
GLOBAL: Global Sukuk offerings to moderate in 2021 as economies improve, financing needs narrow and COVID-19 expenditures shrink, predicts Moody’s
INDONESIA: Indonesia’s Financial Services Authority unveils 2020–25 Shariah Banking Development Roadmap
UAE: Dar Al Takaful repays AED100 million (US$27.22 million) in acquisition financing to Emirates NBD Bank
KUWAIT: Kuwait Real Estate Company signs KWD8.5 million (US$28.03 million) Islamic credit facility agreement with undisclosed bank
CANADA: Beneficent and Manzil collaborate to offer interest-free prepaid credit cards with cashback rewards
KUWAIT: Kuwait Finance House announces retirement of Waleed Khaled Mandani as group chief retail and private banking officer
MALAYSIA: Setia Fontaines issues RM8 million (US$1.98 million) Islamic medium-term note
MALAYSIA: Bank Negara Malaysia auctions two Islamic liquidity management papers
SRI LANKA: Amana Bank registers 167% quarter-on-quarter growth in net profit during final quarter of 2020
GLOBAL: Islamic finance market share in South and Southeast Asia to grow driven by favorable demographics, strong capitalization and government push, says Moody’s
PAKISTAN: Lahore Development Authority and Bank of Punjab sign PKR10 billion (US$62.72 million) agreement to develop apartment; banks to provide loans under Takaful
PAKISTAN: Securities and Exchange Commission of Pakistan issues draft amendments proposing reduction of turnaround time for payment of cash dividends
UAE: Emirates Islamic greenlights new Islamic funding programs of up to US$2.5 billion in addition to existing Sukuk program
UAE: Dubai Islamic Bank supports IFN Kenya Forum 2021 as lead partner
MALAYSIA: Sedania As Salam Capital rolls out GoHalal Financing Program
BANGLADESH: Mercantile Bank launches Islamic banking window TAQWA in 20 branches
TURKEY: Vakif Katilim Bankasi sells TRY164.7 million (US$23.02 million) domestic lease certificates
SOUTH AFRICA: National Treasury of South Africa to issue US$3 billion Sukuk this year
INDONESIA: Indonesia to offer retail Sukuk series SR014 with a minimum purchase value of IDR1 million (US$71.06)
SAUDI ARABIA: Creditors’ objection period for Solidarity Saudi Takaful–AlJazira Takaful Taawuni merger to end tomorrow; merger to be effective immediately in absence of objections
IRAN: Tehran Stock Exchange welcomes IPO of Opal Kani Pars Mineral Processing Company
BRUNEI: Autoriti Monetari Brunei Darussalam prices 16th issuance of AMBD Islamic Bills at BN$30 million (US$22.73 million) with a profit rate of 0.07%
IRAN: Tejarat Bank to provide banking services to Society of Iranian Petroleum Industry Equipment Manufacturers under MoU
MALAYSIA: Malaysia issues RM3.5 billion (US$865.5 million) Government Investment Issue Murabahah paper with a profit rate of 3.42%
GLOBAL: Open banking platform Tarabut Gateway secures US$13 million seed round following expansion to MENA
MALAYSIA: Bursa Malaysia amends Main Market and ACE Market listing requirements to accept a lower public spread
GLOBAL: UAE central bank and Hong Kong Monetary Authority sign MoU to boost fintech cooperation
OMAN: Dr Abdulrahman Khalil Tolefat resigns from board of directors of Al Mashaar REIT Fund
IRAN: Iranian Ministry of Economic Affairs and Finance concludes 39th bond auction
GLOBAL: GFH Financial Group partners with Silver Creek Commercial Development to acquire distribution facility in Chicago for over US$135 million
NIGERIA: Nigerian financial services group Norrenberger debuts Islamic fund
BAHRAIN: Investcorp portfolio company Ageras secures US$73 million in capital to support expansion
QATAR: Dukhan Bank expands corporate digital banking service suite
OMAN: Bank Nizwa to finance the construction of Shifa Hospital
INDONESIA: Indonesia raises IDR5 trillion (US$354.38 million) from Sukuk auction
GAMBIA: Central Bank of Gambia’s auction featuring two Sukuk Salam papers undersubscribed
MALAYSIA: DanaInfra Nasional places four Murabahah-based Islamic medium-term notes
SAUDI ARABIA: Saudi court upholds Burj Al Hayat Hotel’s lease termination; SEDCO Capital REIT Fund submits objections to Supreme Court
Tuesday, 26 Jan 2021 | Volume18.Issue04
Special ReportsTuesday, 12 Jan 2021 | Volume18.Issue02
Cover StoryTuesday, 12 Jan 2021 | Volume18.Issue02
Special ReportsFriday, 17 Jul 2020 | Volume17.Issue29
MovesTuesday, 28 Apr 2020 | Volume17.Issue17
FeaturesMonday, 24 Feb 2020 | Volume17.Issue08
IFN ReportsMonday, 17 Feb 2020 | Volume17.Issue07
News BriefsTuesday, 19 Nov 2019 | Volume16.Issue46
FeaturesThursday, 31 Oct 2019 | IFNC Volume4.Issue9
IFN ReportsFriday, 18 Oct 2019 | Volume16.Issue42
IFN ReportsWednesday, 16 Oct 2019 | Volume16.Issue42
IFN ReportsTuesday, 15 Oct 2019 | Volume16.Issue41
Special ReportsMonday, 26 Aug 2019 | IFNC Volume4.Issue7
IFN ReportsThursday, 01 Aug 2019 | Volume16.Issue31
IFN ReportsThursday, 25 Jul 2019 | Volume16.Issue30
News BriefsWednesday, 13 Mar 2019 | IFN Oman Report 2019
IFN ReportsTuesday, 08 Jan 2019 | Volume16.Issue01
News BriefsTuesday, 08 Jan 2019 | Volume16.Issue01
IFN AnalysisTuesday, 04 Dec 2018 | Volume15.Issue49
IFN AnalysisTuesday, 13 Nov 2018 | Volume15.Issue46
IFN Correspondent ReportsThursday, 18 Oct 2018 | Volume15.Issue43
News BriefsTuesday, 16 Oct 2018 | Volume15.Issue42
IFN AnalysisFriday, 01 Jun 2018 | Volume15.Issue23
MovesWednesday, 25 Apr 2018 | Volume15.Issue18
MovesThursday, 19 Apr 2018 | Volume15.Issue17
MovesMonday, 26 Feb 2018 | Volume15.Issue09
MovesTuesday, 17 Oct 2017 | IFN Oman Report 2018
IFN AnalysisMonday, 15 May 2017 | Volume14.Issue20
MovesTuesday, 03 Jan 2017 | Volume14.Issue01
News BriefsTuesday, 18 Oct 2016 | Volume13.Issue42
IFN AnalysisFriday, 14 Oct 2016 | Volume13.Issue42
ResultsFriday, 15 Apr 2016 | Volume13.Issue16
ResultsWednesday, 06 Apr 2016 | Volume13.Issue15
MovesWednesday, 14 Oct 2015 | Volume12.Issue41
IFN AnalysisThursday, 20 Aug 2015 | Volume12.Issue34
News BriefsWednesday, 10 Jun 2015 | Volume12.Issue23
IFN ReportsMonday, 02 Mar 2015 | Volume12.Issue09
News BriefsWednesday, 07 Jan 2015 | Volume12.Issue02
MovesWednesday, 07 Jan 2015 | Volume12.Issue01
IFN AwardsWednesday, 03 Dec 2014 | Volume11.Issue49
MovesTuesday, 14 Oct 2014 | Volume11.Issue41
News BriefsFriday, 18 Jul 2014 | Volume11.Issue29
News BriefsWednesday, 09 Jul 2014 | Volume11.Issue28
Rating UpdatesFriday, 13 Jun 2014 | Volume11.Issue24
News BriefsMonday, 09 Jun 2014 | Volume11.Issue23
News BriefsTuesday, 20 May 2014 | Volume11.Issue20
MovesMonday, 21 Apr 2014 | Volume11.Issue16
News BriefsFriday, 28 Feb 2014 | Volume11.Issue09
News BriefsThursday, 05 Dec 2013 | IFN Middle East Supplement 2013
Cover StoryMonday, 25 Mar 2013 | Volume10.Issue12
News Briefs