UAE: Mashreq Bank and Mastercard partner to launch contactless payment technology for SMEs
MALAYSIA: RAM reaffirms ‘A1’ ratings on Alliance Bank and its banking entities, including Alliance Islamic Bank
INDONESIA: Miftachul Akhyar joins Indonesian Ulema Council as general chairperson for 2020–25 period
NIGERIA: Nigeria’s National Insurance Commission issues operational licenses to Salam Takaful and Cornerstone Takaful Insurance Company
EGYPT: Agricultural reclamation company prepares to issue Egypt’s first hybrid Sukuk in January 2021
GLOBAL: AAOIFI holds public hearing for exposure draft on financial reporting for Zakat
MALAYSIA: reNIKOLA Solar to establish RM390 million (US$95.78 million) ASEAN Green Sustainable and Responsible Investment Sukuk program
SAUDI ARABIA: Abdullah Saad Mohammed Abo Moati for Bookstores Co renews Islamic facility with National Commercial Bank
INDONESIA: Ammana Fintek Syariah to facilitate funding to meet financing needs of Indonesian civil servants
MALAYSIA: Projek Lintasan Sungai Besi–Ulu Klang auctions seven-year Islamic medium-term note worth RM160 million (US$39.29 million)
MALAYSIA: Perbadanan Kemajuan Negeri Selangor sells one-year Islamic medium-term note
MALAYSIA: Pestech International issues RM11 million (US$2.71 million) unrated Islamic medium-term note
SAUDI ARABIA: Alkhabeer Diversified Income Traded Fund to commence subscription period on 6th December 2020
GLOBAL: UAE Food and Water Security Office extends collaboration with IsDB to serve countries suffering from limited food production
BURKINA FASO: Coris Bank International-Burkina Faso secures line of financing facility from Islamic Corporation for the Development of the Private Sector
SAUDI ARABIA: Alinma Bank appoints Prof Abdullah Ali Al-Khalifa as new CEO
TURKEY: Albaraka Turk Katilim Bankasi concludes auction of domestic lease certificates
KUWAIT: Boubyan Bank to issue additional Tier 1 Sukuk worth up to US$500 million
TURKEY: Turkiye Emlak Katilim Bankasi issues TRY5 billion (US$635.25 million)-worth of lease certificates
MALAYSIA: Bank Negara Malaysia places three Islamic liquidity management tools
MALAYSIA: RAM reaffirms Jimah Energy Ventures’s RM4.85 billion (US$1.19 billion) senior Islamic medium-term note facility at ‘AA3/Stable’
MALAYSIA: Prudential BSN Takaful rolls out mobile app
PAKISTAN: BankIslami Pakistan’s Sukuk trading suspended to facilitate profit payment to Sukukholders
UAE: ENBD REIT sees net asset value contract by US$32 million at the end of September 2020 driven primarily by valuation pressure
BAHRAIN: Al Baraka Banking Group to convert wholesale Islamic banking license into Category 1 Islamic Investment Firm license; expects to finalize within six to 12 months
MALAYSIA: Securities Commission Malaysia updates list of Islamic securities; includes 39 and excludes 16, bringing total number to 715 or 79% of total listed companies
MALAYSIA: Urusharta Jamaah to pay Lembaga Tabung Haji RM500 million (US$122.69 million) to redeem Sukuk among others
PAKISTAN: Pakistani government to hire four financial institutions for Sukuk issuance
INDONESIA: Indonesia lists three sovereign Shariah securities totaling IDR10 trillion (US$706.57 million) on Indonesia Stock Exchange
MALAYSIA: Sime Darby Property revises Sukuk Musharakah program terms for potential issuance of ASEAN Sustainable and Responsible Investment Sukuk
SAUDI ARABIA: National Commercial Bank introduces Islamic gold account for retail customers
PALESTINE: International Finance Corporation to aid Palestinian Capital Market Authority in formulating Islamic finance roadmap
INDONESIA: Bank Syariah Mandiri rolls out digital gold trading feature
INDONESIA: Bank BRI Syariah partners with start-up Flip.id to enable interbank transfers
SAUDI ARABIA: Saudi Ministry of Finance closes November Sukuk offering worth SAR795 million (US$211.88 million)
SAUDI ARABIA: Sadara Chemical Company seeks approval to amend terms of SAR7.5 billion (US$2 billion) Sukuk as part of debt reprofiling
EGYPT: Sarwa Capital raises EGP2.5 billion (US$159.38 million) from seven-year Sukuk
GLOBAL: IFSB and Bahrain Institute of Banking and Finance renew MoU to jointly develop Islamic finance
MALAYSIA: Projek Lintasan Sungai Besi–Ulu Klang floats seven-year RM470 million (US$115.33 million) Islamic medium-term note
MALAYSIA: Bank Negara Malaysia sells two Islamic papers totaling RM15.73 billion (US$3.86 billion)
MALAYSIA: BGRB Venture issues one-year unrated Islamic medium-term note
MALAYSIA: FWD Takaful partners with UnBound Malaysia to develop augmented reality game to improve awareness of Takaful protection for students
MALAYSIA: Toyota Capital Malaysia maintains ‘AAA(s)/Stable/P1(s)’ ratings on conventional–Islamic bond program
MALAYSIA: MARC affirms Sunway Treasury Sukuk’s programs at ‘MARC-1IS(cg)/AA-IS(cg)’
UAE: Emirates REIT records net property income decrease of 6.4% year-on-year for third quarter of 2020
MALAYSIA: Zamarad Asset secures final ratings for fifth Sukuk offering under RM2 billion (US$489.01 million) program
SAUDI ARABIA: Moody’s upgrades Saudi Electricity Company’s rating to ‘A1’
MALAYSIA: ‘AA+IS’ for Sime Darby Property’s RM4.5 billion (US$1.1 billion) Sukuk Musharakah program
QATAR: Moody’s affirms Qatar Islamic Bank’s long-term deposit rating at ‘A1’ with a stable outlook
IRAN: Iranian Securities and Exchange Organization issues directive allowing listed companies to raise capital from equity premium