IFN Weekly Round-up: 16th – 22nd March 2024
Friday, 22 Mar 2024 | Volume21.Issue13
ReportsMALAYSIA: Sunway Treasury Sukuk issues two Islamic commercial papers worth RM60 million (US$12.57 million) in total
INDONESIA: Indonesian Ministry of Finance to raise IDR11 trillion (US$682.17 million) through Sukuk auction on 23rd April 2024
MALAYSIA: Global Vision Logistics sells Islamic medium-term note worth RM50 million (US$10.48 million)
BANGLADESH: Bangladesh Bank accepts bids worth BDT19 billion (US$170.61 million) for Islamic Banks Liquidity Facility offerings
GLOBAL: Michael Krautzberger to leave BlackRock in June; Simon Blundell takes over as head of European fixed income investments, Citywire reports
MALAYSIA: Bank Negara Malaysia auctions Islamic papers; raises RM17.75 billion (US$3.72 billion)
KUWAIT: Kuwaiti regulator authorizes offering of Watani Investment Company’s second euro-denominated Islamic leasing fund
PAKISTAN: State Life Insurance Corporation of Pakistan records 122% increase in Takaful contributions in 2023, Pakistan & Gulf Economist reports
SOUTH AFRICA: University of the Western Cape begins offering Islamic studies for undergraduate students
MALAYSIA: Hong Leong Islamic Bank files suit against Sarawak Cable subsidiary for owed sum of RM78.3 million (US$16.48 million)
IRAQ: Capital Intelligence suspends credit ratings of Al Janoob Islamic Bank due to lack of up-to-date financial data
PAKISTAN: Central Directorate of National Savings of Pakistan records PKR50 billion (US$178.95 million) in Islamic bonds for Q2 of fiscal year 2023–24
AZERBAIJAN: Azerbaijan’s Economic Council discusses Islamic finance and banking implementation in meeting
PAKISTAN: Bank Alfalah appoints Arif Habib to manage offer to acquire 84.51% of Samba Bank shares
TANZANIA: Tanzania Commercial Bank intends to open Islamic banking window by end of 2024, Daily News reports
PAKISTAN: Pakistani government raises PKR22.87 billion (US$82.06 million) through Sukuk Ijarah auction on Pakistan Stock Exchange
GAMBIA: Gambia raises GMD20 million (US$294,118) through Sukuk Salam issuances
MALAYSIA: Bank Negara Malaysia prints Islamic facility worth RM18.98 billion (US$4 billion)
PAKISTAN: Pakistani regulator approves regulations facilitating Shariah compliant brokerage services; grants license to Islamic firm
KENYA: Hustler Fund initiative to be Shariah compliant, President William Ruto promises
BAHRAIN: Bahrain Islamic Bank partners with Manazel Real Estate to offer financing
GLOBAL: IFN welcomes new correspondent for education
KYRGYZSTAN: Bakai Bank’s Islamic unit launches digital banking app
BANGLADESH: City Bank may take over state-owned BASIC Bank, The Daily Star reports
BANGLADESH: National Housing Finance launches Islamic unit
PAKISTAN: Mughal Iron & Steel Industries to issue PKR3 billion (US$10.76 million) short-term Sukuk this month
KUWAIT: Kuwait International Bank obtains regulatory approval to issue additional Tier 1 capital Sukuk worth up to US$300 million
BAHRAIN: Central Bank of Bahrain receives subscriptions worth BHD43 million (US$113.08 million) for Sukuk Salam
MALAYSIA: Bank Negara Malaysia sells Islamic papers totaling RM17.63 billion (US$3.71 billion)
PAKISTAN: Al Karam Textile Mills plans PKR4 billion (US$14.35 million) Sukuk to support new spinning plant
OMAN: Said Al Shahry & Partners confirms support for IFN Oman Forum 2024 as partner
UAE: Mohammed Bin Rashid Housing Establishment and Dubai Islamic Bank sign MoU worth AED10 million (US$2.72 million) for community initiatives
GLOBAL: First Abu Dhabi Bank eyes Turkish bank acquisition, Bloomberg reports
TAJIKISTAN: Alif Bank begins offering Mastercard cards
BANGLADESH: AB Bank launches Islamic banking service
SAUDI ARABIA: Saudi Electricity Company fully redeems US$1.5 billion Sukuk due 8th April 2024
MALAYSIA: Malaysia Co-Investment Fund introduces two new incentives to support MSMEs in the agriculture and bio-economy sectors
Pakistan: State Bank of Pakistan’s Shariah compliant liquidity injection sees PKR250 billion (US$898.55 million) offered and accepted
INDONESIA: Indonesia Stock Exchange lists Indah Kiat’s Sukuk worth IDR423.86 billion (US$26.67 million) in total
BAHRAIN: GFH Financial Group to continue discussions regarding acquisition of Ithmaar Holding’s financing and investment portfolios
GLOBAL: Iranian Association of Islamic Finance signs MoU with Indonesian Association of Islamic Economists to hold educational programs
QATAR: Qatar Central Bank auctions treasury bills and Sukuk with bids amounting to QAR1.9 billion (US$521.69 million).
GLOBAL: ShariaPortfolio Group of Companies surpasses US$1 billion in assets under management
MALAYSIA: Farm Price Holdings signs agreement with Alliance Islamic Bank in preparation for IPO listing, The Edge Malaysia reports
BANGLADESH: Bangladesh Bank receives bids amounting to BDT6.14 billion (US$55.45 million) for Islamic Banks Liquidity Facility
MALAYSIA: Bank Negara Malaysia issues Islamic facilities worth RM27.4 billion (US$5.77 billion) in total
UGANDA: Stanbic Uganda Holdings to launch Islamic financing products, NewVision reports
MALAYSIA: KLCC Property Holdings issues Islamic facilities worth RM1.95 billion (US$411.19 million) in total
SAUDI ARABIA: Saudi Central Bank grants license to Funding Souq to provide debt-based crowdfunding services
UK: Al Rayan Bank exceeds GBP1 billion (US$1.26 billion) in commercial property finance assets
Friday, 22 Mar 2024 | Volume21.Issue13
ReportsFriday, 22 Mar 2024 | Volume21.Issue13
MovesTuesday, 19 Mar 2024 | Volume21.Issue15
MovesTuesday, 05 Mar 2024 | Volume21.Issue10
News BriefsTuesday, 16 Jan 2024 | Volume21.Issue03
AnalysesFriday, 05 Jan 2024 | Volume21.Issue02
Asset ManagementTuesday, 02 Jan 2024 | Volume21.Issue01
News BriefsFriday, 01 Dec 2023 | Volume20.Issue49
ReportsThursday, 16 Nov 2023 | Volume20.Issue47
MovesWednesday, 15 Nov 2023 | Volume20.Issue47
ReportsTuesday, 14 Nov 2023 | Volume20.Issue46
ResultsThursday, 26 Oct 2023 | Volume20.Issue44
News BriefsWednesday, 16 Aug 2023 | Volume20.Issue34
News BriefsWednesday, 16 Aug 2023 | Volume20.Issue34
News BriefsTuesday, 08 Aug 2023 | Volume20.Issue32
News BriefsTuesday, 01 Aug 2023 | Volume20.Issue31
ReportsTuesday, 18 Jul 2023 | Volume20.Issue29
MovesThursday, 13 Jul 2023 | Volume20.Issue29
MovesFriday, 16 Jun 2023 | Volume20.Issue25
News BriefsThursday, 20 Apr 2023 | Volume20.Issue17
Ratings UpdatesThursday, 20 Apr 2023 | Volume20.Issue17
News BriefsMonday, 17 Apr 2023 | Volume20.Issue16
News BriefsWednesday, 15 Mar 2023 | Volume20.Issue12
Asset ManagementTuesday, 14 Mar 2023 | Volume20.Issue11
DealsThursday, 08 Dec 2022 | Volume19.Issue50
News BriefsTuesday, 22 Nov 2022 | Volume19.Issue47
News BriefsMonday, 14 Nov 2022 | Volume19.Issue46
News BriefsTuesday, 01 Nov 2022 | Volume19.Issue44
News BriefsFriday, 28 Oct 2022 | Volume19.Issue44
ResultsFriday, 21 Oct 2022 | Volume19.Issue43
DealsThursday, 06 Oct 2022 | Volume19.Issue41
News BriefsTuesday, 28 Jun 2022 | Volume19.Issue26
Case StudiesTuesday, 07 Jun 2022 | Volume19.Issue23
Case StudiesThursday, 02 Jun 2022 | Volume19.Issue23
DealsWednesday, 01 Jun 2022 | Volume19.Issue23
DealsWednesday, 25 May 2022 | Volume19.Issue22
DealsTuesday, 17 May 2022 | Volume19.Issue20
ReportsWednesday, 27 Apr 2022 | Volume19.Issue18
ResultsTuesday, 05 Apr 2022 | Volume19.Issue14
AnalysesThursday, 31 Mar 2022 | Volume19.Issue14
News BriefsTuesday, 08 Feb 2022 | Volume19.Issue06
ResultsWednesday, 26 Jan 2022 | Volume19.Issue05
News BriefsThursday, 13 Jan 2022 | IFN Annual Guide 2022
FeaturesSunday, 26 Dec 2021 | Volume19.Issue01
News BriefsWednesday, 15 Dec 2021 | Volume19.Issue01
News BriefsTuesday, 07 Dec 2021 | Volume18.Issue49
News BriefsMonday, 23 Aug 2021 | Volume18.Issue34
News BriefsThursday, 29 Jul 2021 | Volume18.Issue31
ReportsWednesday, 21 Jul 2021 | Volume18.Issue30
News BriefsTuesday, 13 Jul 2021 | Volume18.Issue28
News Briefs