BML Islamic – Islamic Finance News

IFN Thought Leadership Dialogues 2022

SAUDI ARABIA: Salama Cooperative Insurance Co receives letter of approval from Saudi Central Bank to reduce capital by SAR150 million (US$39.94 million)
SAUDI ARABIA: Gulf Union Al Ahlia Cooperative Insurance Co receives Saudi Central Bank’s approval to launch new product
SAUDI ARABIA: Capital Market Authority of Saudi Arabia approves Amana Cooperative Insurance Company’s request to increase capital via rights issue
UAE: Trading of GFH Financial Group’s shares on Abu Dhabi Securities Exchange to be activated on the 31st May 2022
MALAYSIA: FWD Takaful launches several value-based intermediation for Takaful initiatives including partnership with Malaysian Takaful Association
SAUDI ARABIA: More than six million new shares of Gulf Union Al Ahlia Cooperative Insurance Company subscribed in rights issue trading and new shares subscription
SAUDI ARABIA: Trade Development Fund and Foreign Trade Training Center to organize training program to support SMEs accessing global markets
UAE: Postpay receives Shariah compliance certification from Shariyah Review Bureau
PAKISTAN: PACRA assigns ‘AAA’ preliminary rating to Water and Power Development Authority of Pakistan’s third tranche of i-e Series C Sukuk worth PKR6.35 billion (US$31.5 million)
MALAYSIA: Cagamas sells one-year Islamic medium-term note worth RM100 million (US$22.77 million)
MALAYSIA: Bank Negara Malaysia issues four Islamic liquidity management papers
BANGLADESH: Bangladesh Bank auctions one Bangladesh Government Islami Investment Bond
GLOBAL: Islamic Corporation for the Insurance of Investment and Export Credit and International Federation of Islamic Takaful and Insurance Companies sign MoU to boost Takaful sector
SAUDI ARABIA: Mediterranean and Gulf Insurance and Reinsurance Co reports net loss before Zakat of SAR55.4 million (US$14.75 million) for first quarter of 2022
UAE: Dubai Islamic Bank makes AED1 million (US$272,230) donation to Dubai’s Rental Disputes Center to assist those affected by judicial rulings due to inability to pay rent
EGYPT: Al Baraka Bank Egypt to inject US$6 million to expand digital services
SAUDI ARABIA: Saudi Enaya Insurance Company to increase capital via rights issue worth SAR300 million (US$79.89 million)
QATAR: Masraf Al Rayan completes operational integration upon acquisition of Al Khaliji Bank; consolidates operations to single platform
GLOBAL: Astana International Financial Centre signs MoU with Qatar Financial Centre to foster joint projects stimulating activity on both financial platforms
NIGERIA: IsDB approves US$49,000 grant for University of Health Sciences to train hospital staff in Nigeria
SAUDI ARABIA: Abdulmohsen Abdulrahman Musaed Al Sowailem resigns as CEO and managing director of Nayifat Finance Company
UAE: Aafaq Islamic Finance appoints Darrel D Souza as senior vice-president of credit and collection
SAUDI ARABIA: Saudi Home Loans Co reports net profit before Zakat and income tax of SAR35.85 million (US$9.55 million) for first quarter of 2022
MALAYSIA: Amanat Lebuhraya Rakyat proposes landmark sustainable Sukuk program worth RM5.5 billion (US$1.25 billion); receives preliminary ratings from MARC and RAM
MALAYSIA: Tanjung Bin Energy sells eight Islamic medium-term notes totaling RM710 million (US$161.58 million)
INDONESIA: Indonesia Stock Exchange delists Medco Power Indonesia’s Sukuk Wakalah worth IDR832.7 billion (US$58.29 million)
BRUNEI: Brunei Darussalam Central Bank prices 73rd issuance of BDCB Islamic Bills at BN$27 million (US$19.56 million) with a profit rate of 0.35%
MALAYSIA: Bank Negara Malaysia issues four Shariah papers
SAUDI ARABIA: United Cooperative Assurance Co reports net loss before Zakat of SAR19.86 million (US$5.3 million) for first quarter of 2022
SAUDI ARABIA: Gulf Union Alahlia Cooperative Insurance Co records net loss before Zakat of SAR20.39 million (US$5.43 million) for first quarter of 2022
SAUDI ARABIA: Gulf General Cooperative Insurance Co reports net loss before Zakat of SAR18.07 million (US$4.81 million) for first quarter of 2022
SAUDI ARABIA: CHUBB Arabia Cooperative Insurance Co sees net profit before Zakat decline by 16.19% on year-on-year basis to SAR2.03 million (US$541,634) for first quarter of 2022
SAUDI ARABIA: Allianz Saudi Fransi Cooperative Insurance Co reports net profit before Zakat of SAR3.19 million (US$850,669) for first quarter of 2022
GLOBAL: Turk Eximbank and Etihad Credit Insurance sign MoU to enhance Halal trade and support business relations between Turkey and the UAE
QATAR: Shariah compliant crypto exchange CoinMENA launches in Qatar
SAUDI ARABIA: Riyad Bank calls for board membership nominations
BANGLADESH: Bangladesh Bank asks Islamic banks and conventional banks with Islamic operations to submit information on Shariah committee members
RUSSIA: Sber to offer Shariah compliant business lending product
INDONESIA: Bank Syariah Indonesia to conduct rights issue exercise worth IDR5 trillion (US$350 million)
SAUDI ARABIA: Bashar Yahya Alqunaibet resigns as deputy chairman of SABB Takaful
INDONESIA: PEFINDO affirms ‘idA+(sy)’ rating on Oki Pulp and Paper Mills’s Sukuk I Year 2021 Series A worth IDR700 billion (US$49 million) maturing on the 18th July 2022
INDONESIA: PEFINDO affirms ‘idA+(sy)’ rating on Jasamarga Pandaan Tol’s Sukuk Ijarah Year 2019
INDONESIA: PEFINDO raises rating for Hutama Karya’s Shelf Registered Sukuk I to ‘idAA-(sy)’ from ‘idA(sy)’
GLOBAL: Bahrain Bourse and Abu Dhabi Securities Exchange discuss high-level strategic partnership to implement cooperation agreement signed in November 2021
INDONESIA: Indonesia to issue project-based Sukuk paper via private placement
MALAYSIA: Bank Negara Malaysia issues five Shariah papers
UK: Cloud native banking technology company Thought Machine closes Series D funding round
SAUDI ARABIA: ANB Invest signs agreement with Hisham Al Musa Group to invest SAR700 million (US$186.4 million) in real estate project
BAHRAIN: Central Bank of Bahrain launches Bahrain Open Banking Supernova 2022 innovation challenges

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SME Development Finance Corporation of the Maldives launches Islamic window

Thursday, 21 Apr 2022 | Volume19.Issue17

IFN Correspondent Reports

Bank of Maldives appoints new director of Islamic banking

Wednesday, 09 Feb 2022 | Volume19.Issue07

IFN Correspondent Reports

Bank of Maldives

Tuesday, 08 Feb 2022 | Volume19.Issue06

Moves

The Maldives: A year of hope and recovery from the pandemic

Thursday, 13 Jan 2022 | IFN Annual Guide 2022

Features

BML introduces cash financing option

Friday, 26 Nov 2021 | Volume18.Issue48

COVID-19’s impact on Islamic financial institutions in the Maldives

Monday, 09 Aug 2021 | Volume18.Issue32

Features

BML launches new financing scheme

Wednesday, 07 Jul 2021 | Volume18.Issue28

Second Shariah advisor and outstanding performance of BML Islamic in the Maldives

Tuesday, 09 Mar 2021 | Volume18.Issue10

IFN Correspondent Reports

BML Islamic unveils green financing

Monday, 04 Jan 2021 | Volume18.Issue01

Islamic finance in the Maldives today

Tuesday, 11 Aug 2020 | Volume17.Issue32

Features

Islamic finance integration with social finance and fintech

Wednesday, 22 Jul 2020 | Volume17.Issue30

IFN Correspondent Reports

BML Islamic offers moratorium

Tuesday, 07 Apr 2020 | Volume17.Issue14

The Maldives: Gaining ground

Tuesday, 12 Nov 2019 | Volume16.Issue45

BML Islamic to implement single-day approvals

Tuesday, 05 Nov 2019 | Volume16.Issue44

BML Islamic opens new headquarters

Monday, 09 Sep 2019 | Volume16.Issue36

IFN Weekly market round-up: 25th–31st May 2019

Friday, 31 May 2019 | Volume16.Issue22

BML Islamic launches new products

Tuesday, 28 May 2019 | Volume16.Issue21

BML Islamic launches new accounts

Monday, 14 Jan 2019 | Volume16.Issue02

The Maldives: Slowing down

Monday, 05 Nov 2018 | Volume15.Issue45

BML Islamic launches new general financing product

Monday, 05 Nov 2018 | Volume15.Issue45

IFN Correspondent Reports

Phase 2 of Islamic scheme launched

Thursday, 09 Aug 2018 | Volume15.Issue33

Central Bank of Maldives launches Strategic Plan 2018-22

Tuesday, 07 Aug 2018 | Volume15.Issue32

IFN Correspondent Reports

New Murabahah-based product and Islamic finance panel discussion in the Maldives

Thursday, 10 May 2018 | Volume15.Issue20

IFN Correspondent Reports

The Maldives: Growing influence in South Asia

Tuesday, 07 Nov 2017 | Volume14.Issue45

BML Islamic launches new product

Friday, 26 May 2017 | Volume14.Issue22

New Islamic finance products in the Maldives

Wednesday, 24 May 2017 | Volume14.Issue22

BML Islamic introduces home financing product

Thursday, 23 Feb 2017 | Volume14.Issue09

Bank of Maldives introduces Islamic deposit account

Tuesday, 05 Jan 2016 | Volume13.Issue01

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