IFN Monthly Review: February — Spotlight on Sukuk
Wednesday, 28 Feb 2024 | Volume21.Issue10
ReportsAUSTRALIA: Hejaz Group partners with mortgage and finance broking aggregator LMG, Mortgage Professional Australia reports
GLOBAL: Seedflex Technologies launches Shariah compliant digital financing solution in Malaysia, Fintech News Malaysia reports
US: The Children’s Place secures US$90 million Shariah compliant financing facility from Saudi firm Mithaq Capital
UAE: Emirates Islamic concludes debut US$500 million syndicated financing facility
GLOBAL: Prof Mehmet Asutay wins first place for 2024 Islamic Development Bank Prize for Impactful Achievement in Islamic Economics
PHILIPPINES: Maybank Philippines and unnamed foreign company to establish Islamic banking operations in Philippines
MALAYSIA: OCK Group proposes Islamic commercial papers program worth RM500 million (US$104.33 million)
MALAYSIA: Bursa Carbon Exchange to host inaugural renewable energy certificates auction on 25th June 2024
UAE: Abu Dhabi Islamic Bank denies interest in acquiring stake in Bank Syariah Indonesia
MALAYSIA: Bank Negara Malaysia prints Islamic facilities worth RM16.89 billion (US$3.52 billion) in total
MALAYSIA: Genting Plantations’s funding conduit registers RM2 billion (US$417.33 million) Sukuk program with Securities Commission Malaysia
QATAR: Qatar Islamic Bank records net profit of QAR955.14 million (US$261.63 million) for Q1 2024
MALAYSIA: Public Sector Home Financing Board prints Sukuk worth RM3.25 billion (US$677.78 million) in total
INDONESIA: Adira Finance to publicly offer Sukuk Mudarabah worth IDR400 billion (US$24.61 million), Bisnis.com reports
GLOBAL: Indonesia’s Badan Pengelola Keuangan Haji confirms support for IFN Investor Middle East Forum 2024
TURKIYE: Kuveyt Turk Katilim Bankasi auctions two Islamic papers worth TRY660 million (US$20.29 million) in total
SAUDI ARABIA: National Building and Marketing Company renews Shariah compliant financing worth SAR85 million (US$22.64 million)
MALAYSIA: Setia Alamsari launches Islamic paper worth RM12 million (US$2.5 million)
MALAYSIA: Qiradh Capital issues two Islamic medium-term notes worth RM37 million (US$7.72 million) in total
SAUDI ARABIA: Capital Market Authority of Saudi Arabia approves SEDCO Capital Multi Asset Traded Fund offering
UZBEKISTAN: IsDB provides financial support for Uzbekistan’s Integrated Rural Development Project Phase II worth US$293.5 million
SAUDI ARABIA: IsDB Group to hold Private Sector Forum 2024 in Riyadh from 28th to 30th April 2024
GLOBAL: Fitch Ratings expects global Sukuk growth for the rest of 2024
GLOBAL: Codebase Technologies launches Digibanc SME Financing platform
SAUDI ARABIA: NEOM mulls riyal-denominated Sukuk worth up to SAR5 billion (US$1.33 billion), Bloomberg reports
MALAYSIA: Bank Negara Malaysia issues Islamic facility worth RM13.57 billion (US$2.83 billion)
SAUDI ARABIA: Saudi Capital Market Authority grants approval to Jana Financial Company to carry out a fintech experiment
EGYPT: Faisal Islamic Bank of Egypt’s net profit after tax for Q1 2024 reaches EGP6 billion (US$123.78 million)
SAUDI ARABIA: Ladun Investment Company’s board of directors grants approval to sign credit facility agreement worth SAR573 million (US$152.65 million)
PAKISTAN: Dubai Islamic Bank, ARY Services and MAK Global Consulting sign MoU to launch RAAST P2M services in Pakistan
BANGLADESH: Bangladesh Bank receives bid amounting to BDT4.97 billion (US$44.73 million) for Islamic Banks Liquidity Facility
KAZAKHSTAN: 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)
Wednesday, 28 Feb 2024 | Volume21.Issue10
ReportsTuesday, 30 Jan 2024 | Volume21.Issue05
AnalysesTuesday, 09 Jan 2024 | Volume21.Issue02
Case StudiesTuesday, 19 Dec 2023 | IFN Annual Guide 2024
FeaturesTuesday, 03 Oct 2023 | Volume20.Issue40
Cover StoryFriday, 28 Jul 2023 | Volume20.Issue31
News BriefsMonday, 10 Jul 2023 | Volume20.Issue28
News BriefsFriday, 07 Jul 2023 | Volume20.Issue28
News BriefsThursday, 06 Jul 2023 | Volume20.Issue28
Correspondent ReportsTuesday, 27 Jun 2023 | Volume20.Issue26
Case StudiesMonday, 26 Jun 2023 | Volume20.Issue26
DealsFriday, 16 Jun 2023 | Volume20.Issue25
News BriefsMonday, 12 Jun 2023 | Volume20.Issue24
News BriefsThursday, 01 Jun 2023 | Volume20.Issue23
ReportsFriday, 26 May 2023 | Volume20.Issue22
News BriefsTuesday, 23 May 2023 | Volume20.Issue21
News BriefsThursday, 18 May 2023 | Volume20.Issue21
ReportsMonday, 15 May 2023 | Volume20.Issue20
Correspondent ReportsFriday, 14 Apr 2023 | Volume20.Issue16
ReportsWednesday, 12 Apr 2023 | Volume20.Issue16
News BriefsTuesday, 11 Apr 2023 | Volume20.Issue15
News BriefsThursday, 23 Mar 2023 | Volume20.Issue13
News BriefsTuesday, 14 Feb 2023 | Volume20.Issue07
Cover StoryWednesday, 08 Feb 2023 | Volume20.Issue07
ReportsWednesday, 12 Oct 2022 | Volume19.Issue42
Ratings UpdatesFriday, 08 Apr 2022 | Volume19.Issue15
MovesThursday, 27 Jan 2022 | Volume19.Issue05
News BriefsMonday, 29 Nov 2021 | Volume18.Issue48
MovesWednesday, 24 Nov 2021 | Volume18.Issue48
ReportsMonday, 08 Nov 2021 | Volume18.Issue45
News BriefsMonday, 26 Apr 2021 | Volume18.Issue17
News BriefsTuesday, 06 Apr 2021 | Volume18.Issue14
Special ReportsTuesday, 26 Jan 2021 | Volume18.Issue04
Special ReportsTuesday, 15 Dec 2020 | Volume17.Issue50
Cover StoryTuesday, 15 Dec 2020 | Volume17.Issue50
Case StudiesFriday, 17 Jul 2020 | Volume17.Issue29
MovesTuesday, 28 Apr 2020 | Volume17.Issue17
FeaturesMonday, 24 Feb 2020 | Volume17.Issue08
ReportsTuesday, 04 Feb 2020 | Volume17.Issue05
AnalysesTuesday, 22 Oct 2019 | Volume16.Issue42
AnalysesTuesday, 15 Oct 2019 | Volume16.Issue41
Special ReportsTuesday, 15 Oct 2019 | Volume16.Issue41
News BriefsWednesday, 31 Jul 2019 | IFNC Volume4.Issue6
ReportsMonday, 22 Jul 2019 | Special Awards Report 2019
IFN AwardsMonday, 22 Jul 2019 | Volume16.Issue29
MovesWednesday, 19 Jun 2019 | Volume16.Issue25
MovesThursday, 02 May 2019 | Volume16.Issue18
MovesThursday, 25 Apr 2019 | Volume16.Issue17
News BriefsFriday, 29 Mar 2019 | IFN Oman Report 2019
MovesMonday, 25 Mar 2019 | IFN Oman Report 2019
Ratings Updates