In the midst of economic slowdown, Islamic finance continues to grow with the use of offshore centers
Monday, 08 Apr 2024 | Volume21.Issue15
Correspondent ReportsKAZAKHSTAN: IFN announces new correspondent for Kazakhstan
TURKIYE: Turkish government issues fixed rent rate lease certificate worth TRY5.68 billion (US$174.98 million)
QATAR: Qatar Central Bank auctions treasury bills and Sukuk with bids amounting to QAR13.95 billion (US$3.77 billion)
KUWAIT: Central Bank of Kuwait issues bonds and related Tawarruq facilities valued at KWD240 million (US$776.98 million)
GAMBIA: Central Bank of The Gambia auctions Sukuk Salam worth GMD62.98 million (US$926,178) in total
MALAYSIA: Bank Negara Malaysia issues Islamic facility worth RM14.43 billion (US$3.01 billion)
UK: Wahed Invest introduces new Shariah compliant personal pension scheme
OMAN: Takaful Oman’s net profit for period ending 31st March 2024 drops to OMR178,717 (US$462,977)
OMAN: Bank Nizwa records net profit of OMR3.87 million (US$10.01 million) for period ending 31st March 2024
OMAN: Bank Muscat’s net interest income and Islamic financing income increases to OMR95.45 million (US$247.27 million) for Q1 2024
OMAN: Al Madina Takaful’s net profit for period ending on 31st March 2024 reaches OMR492,489 (US$1.28 million)
PAKISTAN: State Bank of Pakistan’s Shariah compliant liquidity injection sees PKR270 billion (US$969.52 million) offered and accepted
MALAYSIA: Permodalan Nasional appoints Abdul Rahman Ahmad as president and group CEO
UK: SC Ventures’s sustainable finance platform Shoal partners with Islamic fintech company Algbra
KUWAIT: Capital Markets Authority renews license of Shariah compliant Watani USD Money Market Fund
SAUDI ARABIA: Saudi Capital Market Authority grants license to Fisher Investments Arabia Company
MALAYSIA: Bank Negara Malaysia issues policy document on electronic know-your-customer
ETHIOPIA: IsDB Institute delivers Islamic banking capacity-building program for Ethiopian banking sector
TURKIYE: Albaraka Turk Participation Bank launches Sukuk worth TRY500 million (US$15.42 million)
SAUDI ARABIA: 2P Perfect Presentation renews Shariah compliant facility with Saudi Awwal Bank worth SAR80 million (US$21.32 million)
GLOBAL: IsDB Institute and Arab Monetary Fund hold third session of capacity-building program on AAOIFI accounting standards
TURKIYE: Turkiye government collects 10.79 kilograms of gold for lease certificates
PAKISTAN: Pakistan Stock Exchange lists government’s discounted Sukuk Ijarah with total realized amount of PKR19.7 billion (US$70.74 million)
MALAYSIA: Bank Negara Malaysia issues Islamic facilities worth RM15.86 billion (US$3.32 billion) in total
MALAYSIA: 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)
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
Monday, 08 Apr 2024 | Volume21.Issue15
Correspondent ReportsFriday, 02 Feb 2024 | Volume21.Issue06
ReportsFriday, 19 Jan 2024 | Volume21.Issue04
TakafulFriday, 01 Dec 2023 | Volume20.Issue49
Correspondent ReportsTuesday, 04 Jul 2023 | Volume20.Issue27
Case StudiesThursday, 15 Jun 2023 | Volume20.Issue25
DealsThursday, 01 Jun 2023 | Volume20.Issue23
DealsTuesday, 11 Apr 2023 | Volume20.Issue15
Correspondent ReportsMonday, 13 Mar 2023 | Volume20.Issue11
Asset ManagementFriday, 27 Jan 2023 | Volume20.Issue05
News BriefsThursday, 29 Dec 2022 | Volume20.Issue01
TakafulMonday, 31 Oct 2022 | Volume19.Issue44
DealsWednesday, 19 Oct 2022 | Volume19.Issue43
DealsTuesday, 11 Oct 2022 | Volume19.Issue41
Daily Cover StoriesThursday, 22 Sep 2022 | Volume19.Issue39
TakafulFriday, 16 Sep 2022 | Volume19.Issue38
ReportsTuesday, 13 Sep 2022 | Volume19.Issue37
Asset ManagementMonday, 01 Aug 2022 | Volume19.Issue31
ReportsTuesday, 05 Jul 2022 | Volume19.Issue27
ReportsTuesday, 31 May 2022 | Volume19.Issue22
Correspondent ReportsMonday, 18 Apr 2022 | Volume19.Issue16
Case StudiesThursday, 14 Apr 2022 | Volume19.Issue16
DealsFriday, 01 Apr 2022 | Volume19.Issue14
ResultsTuesday, 18 Jan 2022 | Awards Report 2021
Cover StoryMonday, 13 Dec 2021 | Volume18.Issue50
DealsFriday, 10 Dec 2021 | Volume18.Issue50
ReportsThursday, 09 Dec 2021 | Volume18.Issue50
DealsMonday, 22 Nov 2021 | Volume18.Issue47
DealsMonday, 08 Nov 2021 | Volume18.Issue45
Asset ManagementTuesday, 02 Nov 2021 | Volume18.Issue44
ReportsMonday, 01 Nov 2021 | Volume18.Issue44
DealsFriday, 25 Jun 2021 | Volume18.Issue26
DealsTuesday, 22 Jun 2021 | Volume18.Issue25
DealsTuesday, 22 Jun 2021 | Awards Report 2021
Case StudiesMonday, 24 May 2021 | Volume18.Issue21
Asset ManagementThursday, 04 Jun 2020 | Volume17.Issue23
Asset ManagementWednesday, 06 May 2020 | Volume17.Issue19
ReportsTuesday, 21 Apr 2020 | Volume17.Issue16
AnalysesMonday, 13 Apr 2020 | Volume17.Issue15
Asset ManagementMonday, 09 Mar 2020 | Volume17.Issue10
Asset ManagementWednesday, 04 Mar 2020 | Volume17.Issue10
ReportsFriday, 25 Jan 2019 | Volume16.Issue04
ReportsWednesday, 23 Jan 2019 | Volume16.Issue04
Asset ManagementWednesday, 05 Dec 2018 | Volume15.Issue50
News BriefsMonday, 04 Sep 2017 | Volume14.Issue36
ReportsFriday, 25 Aug 2017 | Volume14.Issue35
ReportsWednesday, 23 Aug 2017 | Volume14.Issue35
Asset ManagementWednesday, 04 Jan 2017 | Volume14.Issue02
News BriefsWednesday, 07 Dec 2016 | Volume13.Issue49
Editor`s NotesWednesday, 07 Dec 2016 | Volume13.Issue49
Features