Islamic banking to increase market share through possible participation from Halkbank
Tuesday, 26 Dec 2017 | IFN Annual Guide 2018
FeaturesMALAYSIA: FWD Takaful rolls out another online product; new product covers three critical illnesses
UAE: Abu Dhabi Islamic Bank executes over 60 blockchain-based trade finance deals in first year of partnership with TradeAssets
BANGLADESH: Renowned Islamic finance expert Prof Dr Muhammad Abdul Mannan passes away
PAKISTAN: Minister of Zakat and Ushr launches Mustahiq mobile app for Zakat
NIGERIA: IsDB grants US$99,950 to support Kwara State Health Insurance Agency and finance annual premiums for enrollees
SAUDI ARABIA: Al Sagr Cooperative Insurance Company passes Shariah audit by Shariyah Review Bureau
UAE: Dubai Islamic Bank anticipates no material negative impact from NMC Healthcare legal suit; declines comment
GLOBAL: Sudanese Minister of Finance Dr Gabriel Ahmed and IsDB President Dr Bandar Hajjar discuss cooperation in financing infrastructure projects
GLOBAL: Zink Pay inks partnership with Codebase Technologies to enhance payment experience for customers
MALAYSIA: Four Islamic banking institutions offer alternative source of funding to SMEs under Skim CAKNA
UGANDA: Uganda discusses formation of Islamic bank in partnership with Islamic Corporation for the Development of the Private Sector
MALAYSIA: RHB Islamic Bank contributes solar panels worth RM100,000 (US$24,223.3) to Masjid Al-Ghufan; to set up Waqf solar fund
INDONESIA: Mora Telematika Indonesia to conduct public offering of two-tranche Sukuk Ijarah worth a total of IDR500 billion (US$34.41 million)
JORDAN: Arab Bank partners with Electronic Health Solutions to provide Islamic financing for Jordanian medical sector
PAKISTAN: BankIslami Pakistan partners with TPL Life Insurance to offer Takaful coverage plans
PAKISTAN: EFU Life collaborates with National Institutional Facilitation Technologies to enable NIFT ePAY for Takaful and insurance policyholders
INDONESIA: Waskita Karya seeking shareholders’ consent to raise IDR5.6 trillion (US$385.4 million) in funding via Sukuk or conventional bonds
GLOBAL: Gulf Islamic Investments acquires residential development in London
MALAYSIA: Imtiaz Sukuk II auctions two Islamic medium-term notes totaling RM1 billion (US$242.23 million)
MALAYSIA: Holstein Milk Company plans RM1 billion (US$242.23 million) Sukuk Wakalah program
MALAYSIA: Bank Negara Malaysia issues two Islamic papers totaling RM24.7 billion (US$5.98 billion)
OMAN: Omani Islamic banking assets account for 14.5% of total banking assets in February 2021
BRAZIL: Member of the Federal Senate of Brazil to discuss new legal framework for Islamic finance
EGYPT: Banque Misr to provide EGP4 billion (US$254.62 million) in Islamic financing facilities to several sectors
SAUDI ARABIA: Saudi Real Estate Company to complete termination of Alinma Alakaria RE Fund in two months
GLOBAL: IsDB member countries score 61 on SDG Index; “long way” from 2030 Sustainable Development Goal targets, according to new report
US: IFN welcomes Aghaz Investments CEO Khurram Agha as US correspondent
EGYPT: Inertia Egypt secures EGP1.1 billion (US$70.02 million) Mudarabah financing from Banque Misr to fund Jefaira project
MALAYSIA: Perwaja Steel could issue Islamic medium-term notes worth up to RM400 million (US$96.9 million)
SAUDI ARABIA: Bank Albilad completes issuance of SAR3 billion (US$799.52 million) Tier 2 Sukuk paper via private placement
GLOBAL: Qatar Financial Centre Authority and Labuan IBFC sign MoU to promote bilateral ties including in Islamic finance
GLOBAL: Pos Indonesia unveils physical gold-based digital Islamic product in collaboration with Cayman Island-registered Kinesis
TURKEY: Turkey maintains policy rate at 19%
BANGLADESH: Trust Bank names Humaira Azam as CEO and managing director
KUWAIT: Kuwait Finance House confirms end of group chief information officer’s service
MALAYSIA: Sunway Treasury Sukuk prints two Islamic commercial papers totaling RM115 million (US$27.86 million)
TURKEY: Turkiye Emlak Katilim Bankasi auctions lease certificates worth TRY140 million (US$17.35 million) to qualified investors
MALAYSIA: Bank Negara Malaysia issues three Islamic liquidity management papers
BRUNEI: Autoriti Monetari Brunei Darussalam prices 23rd issuance of AMBD Islamic-Bills at BN$20 million (US$14.98 million) with a profit rate of 0.11%
TURKEY: Albaraka Turk Katilim Bankasi sells lease certificates worth TRY800 million (US$99.14 million)
KUWAIT: Central Bank of Kuwait directs banking sector to nationalize leadership roles
UAE: NMC Healthcare files lawsuit against Dubai Islamic Bank
TURKEY: Participation Bank Association of Turkey releases 2021–25 Participation Banking Strategy Update Report outlining 10 strategies
PAKISTAN: Securities and Exchange Commission of Pakistan rolls out online facility to facilitate issuance of digitally certified true copies of mortgage register and statutory returns
INDONESIA: National Zakat Agency joins hands with Bank Syariah Indonesia to harness IDR300 trillion (US$20.5 billion) Zakat potential
MALAYSIA: BIMB Holdings issues 222.22 million new shares to raise an estimated RM795.6 million (US$192.58 million)
INDONESIA: Bank BCA Syariah signs cooperation agreement with Ministry of Religious Affairs to improve Hajj management services
INDONESIA: Integra Indocabinet lists two-tranche Sukuk Mudarabah on Indonesia Stock Exchange
UAE: Dubai Islamic Bank prices perpetual additional Tier 1 Sukuk at US$500 million with a profit rate of 3.38% per annum
GLOBAL: Islamic Corporation for the Development of the Private Sector collaborates with Arab Tourism Organization to establish tourism development framework for Arab region
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Tuesday, 26 Dec 2017 | IFN Annual Guide 2018
FeaturesFriday, 09 Jun 2017 | Volume14.Issue24
IFN Correspondent ReportsWednesday, 07 Mar 2012 | Volume9.Issue09
FeaturesMonday, 01 Mar 2010 | Islamic Finance News Guide 2010
Features