UAE: Sharjah Islamic Bank records AED405.83 million (US$110.47 million) net profit for year 2020
MALAYSIA: Axis REIT reports lower net profit amid higher revenue in 2020
UK: [email protected] Capital secures official Shariah approval for Inventory Monetisation Platform
INDONESIA: Otoritas Jasa Keuangan proposes to make Shariah spin-off requirement voluntary instead of mandatory
MALAYSIA: Bank Negara Malaysia maintains overnight policy rate at 1.75% as global economy continues to recover
TURKEY: Albaraka Turk Katilim Bankasi sells TRY150 million (US$20.15 million) in lease certificates
IRAN: Iranian Ministry of Economic Affairs and Finance concludes 34th bond auction
SAUDI ARABIA: National Commercial Bank begins IPO for additional Tier 1 US dollar-denominated Sukuk facility
PAKISTAN: Pakistan mulls dollar Sukuk and conventional bonds under medium-term note programs
SAUDI ARABIA: Riyad Bank commences private placement of Saudi riyal-denominated Tier 2 capital Sukuk paper
SAUDI ARABIA: Saudi Ministry of Finance closes January Sukuk offering worth SAR2.96 billion (US$788.62 million)
QATAR: Qatar Islamic Bank records 6.6% growth in total assets in 2020
JORDAN: Fitch affirms Jordan Islamic Bank’s ‘BB-’ rating with negative outlook
MALAYSIA: Bank Negara Malaysia issues three Islamic liquidity management tools
QATAR: Masraf Al Rayan announces net profit of QAR2.18 billion (US$590.25 million) for the year ended 31st December 2020
SAUDI ARABIA: Mambu and Ta3meed partner up to provide Shariah compliant financing solutions to Saudi SMEs
PAKISTAN: Pakistan’s federal cabinet approves tax exemption on profits gained through international Sukuk issuances under government programs
GLOBAL: Warba Bank and software developer Eurisko Mobility Power collaborate for banking digital transformation
IRAN: Dr Hasan Ghalibaf Asl tenders resignation as chairman of Iran’s Securities and Exchange Organization
PAKISTAN: Meezan Bank announces direct integration with Visa for routing settlement of card transactions
OMAN: Alizz Islamic Bank appoints Sheikh Dr Essam Khalaf Al Anzi as chairman of Sharia Supervisory Board
UAE: Abu Dhabi Islamic Bank launches healthcare-focused equities basket note with a minimum investment of US$50,000
SAUDI ARABIA: Alkhabeer Diversified Income Traded Fund lists on Saudi Stock Exchange’s Main Market for trading
SAUDI ARABIA: Riyad Bank to establish Sukuk program worth up to SAR10 billion (US$2.66 billion)
SAUDI ARABIA: Al-Bilad Saudi Sovereign Sukuk Traded Fund starts registration process with General Authority of Zakat and Tax
INDONESIA: Indonesia to conduct Sukuk auction with indicative target of IDR14 trillion (US$993.34 million)
GLOBAL: International Islamic Liquidity Management Corporation sells US$1.15 billion in short-term Sukuk
GAMBIA: Central Bank of Gambia concludes Sukuk Salam auction
KUWAIT: Central Bank of Kuwait prints KWD240 million (US$789.7 million)-worth of bonds and related Tawarruq papers
MALAYSIA: Cagamas places RM300 million (US$74.03 million)-worth of Islamic commercial papers
MALAYSIA: Bank Negara Malaysia prints three Shariah papers amounting to RM18.17 billion (US$4.49 billion)
TURKEY: Albaraka Turk Katilim Bankasi issues 71-day domestic lease certificates
IRAQ: Central Bank of Iraq cancels two Islamic banking resolutions
MALAYSIA: Mohamed Adam Wee Abdullah leaves group chief marketing officer position at CIMB Group
INDONESIA: Permodalan Nasional Madani issues IDR712 billion (US$50.41 million) Sukuk Mudarabah paper
YEMEN: Aden-based Yemeni central bank issues circular to control foreign exchange speculation and associated price fluctuations
PALESTINE: IsDB and Palestine sign two agreements worth US$4 million
SAUDI ARABIA: Emaar The Economic City signs framework cooperation agreement to establish SAR1.8 billion (US$479.37 million) private investment fund
BANGLADESH: Bangladesh’s finance ministry secures US$47 million credit line from IsDB to support SMEs
BANGLADESH: Bangladesh Bank appoints Deputy Governor Ahmed Jamal as board director
SAUDI ARABIA: Capital Market Authority fines former board of directors of Saudi Indian Company for Cooperative Insurance for violating corporate governance rules
QATAR: Qatar Islamic Insurance Group enters into three-year digital transformation agreement with SAP
QATAR: Qatar First Bank acquires real estate in Messila for QAR262.5 million (US$70.73 million)
OMAN: National Bank of Oman further enhances Quick Response code payments as contactless payments gain prominence
KUWAIT: National Bank of Kuwait launches Business Banking Plus service to support SME owners
MALAYSIA: HSBC Malaysia rolls out ethical charity feature for HSBC Amanah credit cards
BANGLADESH: Bangladesh Bank auctions two Bangladesh Government Islami Investment Bonds
MALAYSIA: Malaysian government prints Malaysian Islamic Treasury Bill worth RM2 billion (US$493.51 million)
TURKEY: Turkiye Emlak Katilim Bankasi sells TRY154.96 million (US$20.67 million)-worth of lease certificates
SAUDI ARABIA: Al Rajhi Company for Cooperative Insurance calls for board membership nominations