MALAYSIA: Malaysian Takaful industry achieves steady growth in 2020 despite pandemic
NIGERIA: Jaiz Bank records over 45% growth in pre-tax profit and 40% increase in total assets for 2020
MALAYSIA: RAM enhances rating on Zamarad Assets’s Tranche 1 Class B Sukuk Murabahah to ‘AAA’
UAE: Central Bank of the UAE launches Intraday Liquidity Facility targeting participants in the UAE Funds Transfer System
SAUDI ARABIA: Abdullah Saad Mohammed Abo Moati Bookstores Co renews SAR45 million (US$11.99 million) Islamic facility with Samba Bank
GLOBAL: Banque Misr receives approval to expand into Saudi Arabia; eyes branches in Jeddah, Riyadh and Tabuk
MALAYSIA: Alliance Islamic Bank to bolster Halal program with new MoU; allocates RM100 million (US$24.15 million) financing for Halal SMEs
MALAYSIA: Malaysian Takaful Association appoints three new members for three-year term
UAE: Dubai Financial Services Authority welcomes Fadel Al Ali as new chairman
TURKEY: Turkish president calls for Islamic megabank to meet infrastructure project funding gap and address liquidity requirements of Shariah financial institutions
INDONESIA: Maybank Indonesia expands Islamic branch network with two new units
INDONESIA: National Committee for Islamic Economy and Finance partners with Unilever Indonesia to launch Unilever Muslim Center of Excellence
INDONESIA: Ministry of Finance appoints six banks to distribute retail cash Waqf-linked Sukuk this year
INDONESIA: Bank Indonesia launches Sandbox 2.0, upgraded version of regulatory sandbox
TURKEY: Professor Dr Elif Haykir Hobikoglu joins Central Bank of Turkey’s Monetary Policy Committee as member
OMAN: Bank Nizwa promotes Mohammed Fida Hussain Al Lawati to general manager of risk management
SAUDI ARABIA: Dr Salah Khalid AlBakhit AlTaalib resigns as chairman of AlAhli Takaful Company’s audit committee
KUWAIT: Kuwait’s Capital Markets Authority renews securities activities license of Azyan Capital
MALAYSIA: Perak Transit to conduct early redemption of Sukuk Murabahah program worth RM500 million (US$120.77 million)
MALAYSIA: Maybank Islamic to fully purchase outstanding Islamic commercial papers totaling RM1 billion (US$241.55 million)
INDONESIA: Indonesia lists six sovereign Shariah securities amounting to IDR10 trillion (US$685.19 million) on Indonesia Stock Exchange
GLOBAL: The Maldives’s US$200 million Sukuk paper listed on NASDAQ Dubai and admitted to Dubai Financial Services Authority’s official list of securities
MALAYSIA: Bank Negara Malaysia issues two Islamic papers totaling RM21.4 billion (US$5.17 billion)
BRUNEI: Autoriti Monetari Brunei Darussalam prices 21st issuance of AMBD Islamic Bills at BN$30 million (US$22.38 million)
TURKEY: Albaraka Turk Katilim Bankasi sells lease certificates worth TRY125 million (US$15.31 million)
MALAYSIA: RinggitPlus unveils digital Islamic and conventional financial planning service
ALGERIA: National Shariah Fatwa Board proposes establishment of guarantee fund in Algeria
MALAYSIA: RAM upgrades Kedah Cement’s RM500 million (US$121 million) Sukuk Wakalah program to ‘AA3’ from ‘A1’
MALAYSIA: RAM revises outlook on YTL Power International’s RM2.5 billion (US$605 million) Sukuk Murabahah to negative
QATAR: Qatar Islamic Bank maintains ‘A+’ long-term foreign currency rating
BAHRAIN: nogaholding receives final ‘B+’ rating on US$3 billion Sukuk program
MALAYSIA: Midciti Sukuk maintains top rating on RM3 billion (US$726 million) Sukuk Murabahah program
MALAYSIA: Zurich Takaful and Affin Islamic collaborate to offer Family Takaful product
MALAYSIA: FWD Takaful rolls out critical illness protection
SAUDI ARABIA: Saudi Stock Exchange converts into holding group; now known as Saudi Tadawul Group and launches dedicated tech arm as it readies for 2021 IPO
OMAN: Muzn launches salary transfer campaign
SAUDI ARABIA: Saudi Aramco launches Altamayyuz Finance and Accounting Excellence Academy to build capabilities of top finance and accounting graduates
SAUDI ARABIA: Alkhair Capital moves to new office space in King Abdullah Financial District
GLOBAL: Bahrain Institute of Banking and Finance collaborates with San Telmo Business School and Burj Group to launch Halal think tank
MALAYSIA: RHB Islamic partners with TERAJU to provide SME financing through three-year program
INDONESIA: Indonesia Stock Exchange to launch new Islamic index comprising 17 Islamic stocks from state-owned enterprises
SAUDI ARABIA: Sarah Al-Suhaimi to chair Saudi Tadawul Group while Khalid Al-Hussan to assume group CEO role
UAE: aafaq Islamic Finance launches Recreational Vehicle Financing program
GLOBAL: Investcorp enters into strategic partnership with Xponance to support diverse and women-owned asset managers
SAUDI ARABIA: Alkhabeer Capital terminates lease contract of Suliman Al Qadeebi Sons Contracting Company
UAE: Central Bank of the UAE appoints Khaled Mohammed Balama Al Tameemi as governor
MALAYSIA: Sunway Treasury Sukuk sells RM80 million (US$19.36 million) Islamic commercial paper
INDONESIA: Indonesia raises IDR2.66 trillion (US$182.82 million) from additional Sukuk auction with greenshoe option
MALAYSIA: Danainfra Nasional issues RM2 billion (US$484 million) Islamic commercial paper
MALAYSIA: Bank Negara Malaysia auctions three Shariah papers
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Wednesday, 30 Nov 2016 | Volume13.Issue48
IFN AnalysisWednesday, 25 Nov 2015 | Volume12.Issue47
IFN AnalysisWednesday, 05 Mar 2014 | Volume11.Issue09
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