Tunisia: A resilient Islamic finance market
Tuesday, 22 Mar 2022 | Volume19.Issue12
IFN AnalysisSAUDI 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
Tuesday, 22 Mar 2022 | Volume19.Issue12
IFN AnalysisThursday, 13 Jan 2022 | IFN Annual Guide 2022
FeaturesTuesday, 21 Sep 2021 | Volume18.Issue38
FeaturesTuesday, 23 Mar 2021 | Volume18.Issue12
IFN AnalysisTuesday, 22 Dec 2020 | IFN Annual Guide 2021
FeaturesTuesday, 20 Oct 2020 | Volume17.Issue42
Special ReportsMonday, 10 Aug 2020 | Volume17.Issue32
IFN Correspondent ReportsWednesday, 06 May 2020 | IFN Annual Guide 2020
FeaturesTuesday, 24 Mar 2020 | Volume17.Issue12
IFN AnalysisFriday, 24 Jan 2020 | Volume17.Issue04
News BriefsTuesday, 22 Oct 2019 | Volume16.Issue42
Special ReportsTuesday, 24 Sep 2019 | Volume16.Issue38
FeaturesTuesday, 27 Aug 2019 | Volume16.Issue34
IFN AnalysisFriday, 09 Aug 2019 | Volume16.Issue32
IFN Correspondent ReportsFriday, 31 May 2019 | Volume16.Issue22
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IFN AnalysisTuesday, 19 Feb 2019 | Volume16.Issue07
IFN ReportsWednesday, 06 Feb 2019 | Volume16.Issue06
News BriefsTuesday, 29 Jan 2019 | IFN Annual Guide 2019
FeaturesTuesday, 18 Sep 2018 | Volume15.Issue38
FeaturesThursday, 30 Aug 2018 | Volume15.Issue36
IFN Correspondent ReportsTuesday, 14 Aug 2018 | Volume15.Issue33
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Cover StoryThursday, 07 Jun 2018 | Volume15.Issue24
IFN Correspondent ReportsWednesday, 02 May 2018 | Volume15.Issue19
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IFN AnalysisTuesday, 13 Mar 2018 | Volume15.Issue11
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IFN ReportsMonday, 05 Feb 2018 | Volume15.Issue06
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IFN Correspondent ReportsWednesday, 03 Jan 2018 | Volume15.Issue02
IFN Correspondent ReportsTuesday, 26 Dec 2017 | IFN Annual Guide 2018
FeaturesThursday, 07 Dec 2017 | Volume14.Issue50
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IFN Correspondent ReportsTuesday, 28 Mar 2017 | Volume14.Issue13
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IFN AnalysisTuesday, 14 Mar 2017 | Volume14.Issue11
IFN Correspondent ReportsThursday, 16 Feb 2017 | Volume14.Issue08
IFN ReportsWednesday, 11 Jan 2017 | Volume14.Issue02
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