Capivest buys into real estate
Thursday, 15 Mar 2012 | Volume9.Issue11
News BriefsBCC Building Materials
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IRAN: Blockchain-based platform Kuknos secures crowdfunding license from Iran Fara Bourse
US: Bank of America acquires 4.9% shareholding in Greater Pacific Bancshares
KUWAIT: Agility Public Warehousing Company concludes Islamic–conventional financing agreements worth a total US$1.43 billion
GLOBAL: BIBD Asset Management signs MoU with Lombard Odier Investment Managers to introduce World Brands Global Islamic Equities strategy
GLOBAL: International Islamic Fiqh Academy supports Zakat fund initiative of United Nations High Commissioner for Refugees
INDONESIA: Bank Indonesia partners with Ministry of Finance and Financial Services Authority to encourage development of repo transactions
ALGERIA: Banque de l’Agriculture et du Developpement Rural SPA hosts open house to market Islamic financial products
SAUDI ARABIA: Saudi Real Estate Refinance Company prepares to issue international Sukuk worth up to US$1 billion before end of 2021
SAUDI ARABIA: Jadwa Investment and Saudi Ministry of Human Resources and Social Affairs to support non-profit sector with two new Islamic investment funds
SAUDI ARABIA: Walaa Cooperative Insurance Company’s agreement with Saudi Arabian Oil Company exceeds 20% of total insurance premiums for 2020
SINGAPORE: Islamic Corporation for the Insurance of Investment and Export Credit planning to set up office in Singapore to serve regional demand and needs
MALAYSIA: Munich Re Syndicate Labuan launches re-Takaful window
GLOBAL: Dr Mohammed Ishaq Ali joins IFN as new correspondent for equity capital market sector
ETHIOPIA: Bank of Abyssinia signs partnership agreement with Path Solutions to onboard iMAL Islamic banking solutions
UAE: Dubai Financial Services Authority admits Dubai Islamic Bank’s US$500 million additional Tier 1 capital certificates to official list of securities
TURKEY: Ministry of Treasury and Finance of Turkey to issue Turkish lira-denominated CPI-indexed lease certificates
MALAYSIA: Toyota Capital Malaysia sells RM45 million (US$10.9 million) Islamic medium-term note with a profit rate of 3.6%
MALAYSIA: Paramount Capital Resources to partially redeem Sukuk Murabahah paper early
MALAYSIA: LBS Bina Holdings to partially early redeem outstanding Sukuk Murabahah papers
MALAYSIA: Bank Negara Malaysia issues three Islamic liquidity management tools
MALAYSIA: 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