MALAYSIA: Malaysian Islamic Economic Development Foundation to assist entrepreneurs and Zakat beneficiaries with business training
INDONESIA: Integra Indocabinet issues two-tranche Sukuk Mudarabah totaling IDR150 billion (US$10.26 million)
GLOBAL: IsDB to contribute US$1 billion to support Pakistan’s gross external financing needs
MALAYSIA: Co-op Bank Pertama opens new stand-alone branch offering Ar-Rahnu product
PAKISTAN: Securities and Exchange Commission of Pakistan grants approval for Modaraba companies to extend housing finance facilities
MALAYSIA: KUB Malaysia to settle repayment of RM75 million (US$18.13 million) Islamic business facility granted by Bank Islam Malaysia
GLOBAL: AAOIFI revisits financial accounting standards on Takaful; invites industry feedback
PAKISTAN: Faysal Bank partners with EFU Life Assurance to offer Takaful coverage via newly launched Manzil Account
UAE: Abu Dhabi Islamic Bank selects IBM’s hybrid cloud solutions to enhance digital infrastructure
SAUDI ARABIA: Dar Al Takaful announces nominees for membership in board of directors
INDONESIA: Bank Aladin Syariah appoints Nurdiaz Alvin Pattisahusiwa as president commissioner; welcomes four new members to board of directors
INDONESIA: Bank Net Syariah rebrands to Bank Aladin Syariah
INDONESIA: Indonesia opens subscription period for retail cash Waqf-linked Sukuk series SWR002
MALAYSIA: Malaysian Resources Corporation prints RM200 million (US$48.34 million) Islamic medium-term note
MALAYSIA: Cypark Renewable Energy sells unrated Islamic medium-term note worth RM8 million (US$1.93 million) with a profit rate of 6.85%
BRUNEI: Autoriti Monetari Brunei Darussalam prices 193rd Sukuk Ijarah at BN$100 million (US$74.51 million)
MALAYSIA: Malaysia issues RM1.5 billion (US$362.54 million) Malaysian Islamic Treasury Bill
TURKEY: Albaraka Turk Katilim Bankasi issues lease certificates worth TRY200 million (US$24.42 million)
GLOBAL: Barwa Real Estate Company signs agreement to sell a plot of land in Saudi Arabia for SAR742.38 million (US$197.69 million)
GLOBAL: Arcapita Group Holdings acquires Cedardale Distribution Center in the US
MALAYSIA: Malaysian Takaful industry achieves steady growth in 2020 despite pandemic
NIGERIA: Jaiz Bank records over 45% growth in pre-tax profit and 40% increase in total assets for 2020
MALAYSIA: RAM enhances rating on Zamarad Assets’s Tranche 1 Class B Sukuk Murabahah to ‘AAA’
UAE: Central Bank of the UAE launches Intraday Liquidity Facility targeting participants in the UAE Funds Transfer System
SAUDI ARABIA: Abdullah Saad Mohammed Abo Moati Bookstores Co renews SAR45 million (US$11.99 million) Islamic facility with Samba Bank
GLOBAL: Banque Misr receives approval to expand into Saudi Arabia; eyes branches in Jeddah, Riyadh and Tabuk
MALAYSIA: Alliance Islamic Bank to bolster Halal program with new MoU; allocates RM100 million (US$24.15 million) financing for Halal SMEs
MALAYSIA: Malaysian Takaful Association appoints three new members for three-year term
UAE: Dubai Financial Services Authority welcomes Fadel Al Ali as new chairman
TURKEY: Turkish president calls for Islamic megabank to meet infrastructure project funding gap and address liquidity requirements of Shariah financial institutions
INDONESIA: Maybank Indonesia expands Islamic branch network with two new units
INDONESIA: National Committee for Islamic Economy and Finance partners with Unilever Indonesia to launch Unilever Muslim Center of Excellence
INDONESIA: Ministry of Finance appoints six banks to distribute retail cash Waqf-linked Sukuk this year
INDONESIA: Bank Indonesia launches Sandbox 2.0, upgraded version of regulatory sandbox
TURKEY: Professor Dr Elif Haykir Hobikoglu joins Central Bank of Turkey’s Monetary Policy Committee as member
OMAN: Bank Nizwa promotes Mohammed Fida Hussain Al Lawati to general manager of risk management
SAUDI ARABIA: Dr Salah Khalid AlBakhit AlTaalib resigns as chairman of AlAhli Takaful Company’s audit committee
KUWAIT: Kuwait’s Capital Markets Authority renews securities activities license of Azyan Capital
MALAYSIA: Perak Transit to conduct early redemption of Sukuk Murabahah program worth RM500 million (US$120.77 million)
MALAYSIA: Maybank Islamic to fully purchase outstanding Islamic commercial papers totaling RM1 billion (US$241.55 million)
INDONESIA: Indonesia lists six sovereign Shariah securities amounting to IDR10 trillion (US$685.19 million) on Indonesia Stock Exchange
GLOBAL: The Maldives’s US$200 million Sukuk paper listed on NASDAQ Dubai and admitted to Dubai Financial Services Authority’s official list of securities
MALAYSIA: Bank Negara Malaysia issues two Islamic papers totaling RM21.4 billion (US$5.17 billion)
BRUNEI: Autoriti Monetari Brunei Darussalam prices 21st issuance of AMBD Islamic Bills at BN$30 million (US$22.38 million)
TURKEY: Albaraka Turk Katilim Bankasi sells lease certificates worth TRY125 million (US$15.31 million)
MALAYSIA: RinggitPlus unveils digital Islamic and conventional financial planning service
ALGERIA: National Shariah Fatwa Board proposes establishment of guarantee fund in Algeria
MALAYSIA: RAM upgrades Kedah Cement’s RM500 million (US$121 million) Sukuk Wakalah program to ‘AA3’ from ‘A1’
MALAYSIA: RAM revises outlook on YTL Power International’s RM2.5 billion (US$605 million) Sukuk Murabahah to negative
QATAR: Qatar Islamic Bank maintains ‘A+’ long-term foreign currency rating
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Monday, 25 May 2015 | Volume12.Issue21
Special ReportsThursday, 17 Oct 2013 | Volume10.Issue41
IFN Reports