IFN Weekly Market Round-up: 4th – 10th June 2022
Friday, 10 Jun 2022 | Volume19.Issue24
IFN ReportsIRAN: Securities and Exchange Organization of Iran removes minimum capital requirement for establishing investment consulting companies
GLOBAL: Bahrain Institute of Banking and Finance discusses several Islamic finance collaborations in Kyrgyzstan; to facilitate first Sukuk issuance
PAKISTAN: Faysal Bank partners with OPay Pakistan to offer innovative financial and lending digital services
SAUDI ARABIA: Walaa Cooperative Insurance Co receives approval for capital increase for Sabb Takaful Co merger
SAUDI ARABIA: National Debt Management Center, Ministry of Finance and SNB Capital sign MoU to develop individual savings Sukuk
SAUDI ARABIA: Saudi Central Bank approves Bupa Arabia for Cooperative Insurance Company’s Bupa Policy Benefit Upgrade product
QATAR: QIIB to process application to increase foreign ownership limit in capital to 100%
KUWAIT: Central Bank of Kuwait raises discount rate by quarter percentage point to 2.75% effective the 11th August 2022
BOSNIA AND HERZEGOVINA: IFN welcomes Dr Jasmin Omercic as new correspondent for Bosnia and Herzegovina
INDONESIA: Indonesian government raises IDR10.64 trillion (US$717.41 million) from Sukuk auction on the 9th August 2022
SAUDI ARABIA: SABB Takaful Co announces resignation of Maha Al Sudairi as non-executive board member effective the 9th August 2022
GLOBAL: IsDB Institute invites nominations for IsDB Prize for Impact Achievement in Islamic Economics for 2023
UAE: Aafaq Islamic Finance appoints Nitin Gautam as senior vice-president of board secretary and legal
UAE: Eshraq Investments completes acquisition of Goldilocks Investment Company; owns 99.25% of its shares
OMAN: Ahli Islamic inaugurates 18th branch in Nizwa in line with expansion efforts
MALAYSIA: Danum Capital issues three Islamic medium-term notes worth RM9 million (US$2.02 million) combined
KUWAIT: Kuwait Finance House announces timetable for acquisition offer of up to 100% of shares of capital of Ahli United Bank Bahrain
KUWAIT: Central Bank of Kuwait auctions KWD160 million (US$520.42 million) bonds and related Tawarruq facilities
SAUDI ARABIA: Jabal Omar Development Company invites shareholders to vote on proposed share capital increase by way of debt conversion
SAUDI ARABIA: Al Widyan Saudi Real Estate Company general assembly approves capital decrease to SAR500,000 (US$133,148)
MALAYSIA: AmBank and Maybank bring Apple Pay to Islamic and conventional Visa and Mastercard users
SAUDI ARABIA: Islamic International Rating Agency reaffirms ‘A-/A2’ rating on Bank AlJazira on international scale
INDONESIA: National Committee for Islamic Economy and Finance meets with Aceh governor to discuss push for Shariah finance in province
MALAYSIA: Ministry of Agriculture and Food Industries to launch Agro-Food Takaful Insurance Scheme to compensate farmers after natural disasters
PAKISTAN: Securities and Exchange Commission of Pakistan amends regulations for unit-linked funds; sets maximum exposure in various assets
MALAYSIA: Perbadanan Kemajuan Negeri Selangor issues three Islamic papers worth RM100 million (US$22.41 million) combined
UAE: Abu Dhabi Islamic Bank receives accreditation from Proshred and Enviroserve for sustainability practices
MALAYSIA: Ethis Group launches private group of Shariah compliant-focused angel investors
MALAYSIA: Bank Muamalat Malaysia offers home financing worth up to RM400,000 (US$89,644) for self-employed workers
MALAYSIA: Maybank Islamic issues three Islamic commercial papers worth RM500 million (US$112.05 million) each
MALAYSIA: Tomei Gold & Jewellery Holdings prices Islamic medium-term notes worth RM35 million (US$7.84 million) in five-series issuance
MALAYSIA: AEON Credit Service proposes RM1 billion (US$224.11 million) Islamic commercial paper program; ‘P1’ rating assigned
SAUDI ARABIA: Alkhabeer REIT Fund manager decides against acquisition of Al-Khobar property; withdraws request to increase total value of assets
UAE: Islamic Arab Insurance Co board recommends capital reduction to write off AED398.17 million (US$108.39 million) accumulated losses
SAUDI ARABIA: Saudi Fisheries Company obtains SAR40 million (US$10.65 million) banking facility agreement from Al Rajhi Bank
SAUDI ARABIA: Bank Albilad incorporates Enjaz Payment Services Company with SAR200 million (US$53.26 million) share capital
MALAYSIA: Bank Negara Malaysia prints a variety of Islamic short-term papers totaling RM29.41 billion (US$6.6 billion)
BRUNEI: Brunei Darussalam Central Bank prices 84th issuance of BDCB I-Bills worth BN$5 million (US$3.62 million)
SAUDI ARABIA: Musharaka REIT Fund appoints RSM International as new auditors in place of Baker Tilly
SAUDI ARABIA: Capital Market Authority grants license to Afaq Capital Company to run securities business
MALAYSIA: Bank Negara Malaysia issues Islamic paper worth RM24.36 billion (US$5.46 billion)
GLOBAL: Flagship Healthcare Trust establishes Shariah compliant fund; receives first investment from the GCC
PAKISTAN: State Bank of Pakistan instructs banks to automate issuance of proceeds realization certificates
PAKISTAN: Central Directorate of National Savings of Pakistan to launch two Islamic savings schemes next month
BANGLADESH: Mohammed Mosharaf Hossain starts new position as CEO of Islamic Finance and Investment
OMAN: Energy Development Oman to issue Sukuk Ijarah worth at least US$1 billion, Bloomberg reports
SAUDI ARABIA: Saudi Central Bank licenses fintechs Enjaz Payments Services Company and Marta Financial Company
PAKISTAN: Kistpay partners with Pakistan Freelancers Association to provide Shariah compliant smartphone financing
MALAYSIA: Sunway Treasury Sukuk issues two Islamic commercial papers worth RM90 million (US$20.19 million) combined
INDONESIA: Medco Power Indonesia lists IDR500 billion (US$33.39 million) Phase I 2022 Sustainable Wakalah Sukuk on Indonesia Stock Exchange
Displaying 1 - 29 of 29
Friday, 10 Jun 2022 | Volume19.Issue24
IFN ReportsTuesday, 07 Jun 2022 | Volume19.Issue23
News BriefsTuesday, 05 May 2020 | Volume17.Issue18
IFN AnalysisMonday, 06 Apr 2020 | IFN HF Volume5.Issue2
IFN ReportsTuesday, 24 Mar 2020 | Volume17.Issue12
Case StudyTuesday, 03 Mar 2020 | Volume17.Issue09
News BriefsFriday, 07 Feb 2020 | Volume17.Issue06
IFN ReportsTuesday, 14 Jan 2020 | Volume17.Issue02
Cover StoryFriday, 08 Jun 2018 | Volume15.Issue24
News BriefsFriday, 01 Jun 2018 | IFNC Volume3.Issue4
IFN ReportsThursday, 10 May 2018 | Volume15.Issue20
News BriefsTuesday, 19 Sep 2017 | Volume14.Issue38
Cover StoryThursday, 24 Aug 2017 | Volume14.Issue35
News BriefsTuesday, 20 Jun 2017 | Volume14.Issue25
DealsFriday, 01 Jul 2016 | Volume13.Issue27
IFN ReportsWednesday, 29 Jun 2016 | Volume13.Issue27
News BriefsSaturday, 16 Apr 2016 | IFNC Volume1.Issue04
News BriefsFriday, 08 Apr 2016 | Volume13.Issue15
IFN ReportsMonday, 04 Apr 2016 | Volume13.Issue14
News BriefsTuesday, 21 Oct 2014 | Volume11.Issue42
News BriefsThursday, 10 Jul 2014 | Volume11.Issue28
News BriefsThursday, 26 Jun 2014 | Volume11.Issue26
DealsFriday, 06 Jun 2014 | Volume11.Issue23
News BriefsWednesday, 04 Jun 2014 | Volume11.Issue22
IFN ReportsWednesday, 04 Jun 2014 | Volume11.Issue23
News BriefsThursday, 29 May 2014 | Volume11.Issue22
News BriefsWednesday, 28 May 2014 | Volume11.Issue22
News BriefsTuesday, 11 Mar 2014 | Volume11.Issue10
News BriefsMonday, 03 Oct 2011 | Volume8.Issue39
News Briefs