Bringing history and principle to market: A vision for a global Islamic hub
Wednesday, 09 Oct 2013 | Volume10.Issue40
Special ReportsFordham Law School
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MALAYSIA: Brahim’s Holdings defaults in payment of RM49.88 million (US$12.12 million) to OCBC Al-Amin Bank
MALDIVES: Maldivian government mulling second sovereign Sukuk to raise US$300 million to fund state budget
OMAN: Bank Muscat posts 41.8% increase in net profit for three-month period ended the 31st March 2021
SAUDI ARABIA: Bank Albilad records net profit of SAR392.8 million (US$104.69 million) for first quarter of 2021
KUWAIT: Moody’s affirms ‘Baa2’ rating on EQUATE Petrochemical Sukuk
SAUDI ARABIA: Saudi Organization for Certified Public Accountants approves International Code of Ethics for Professional Accountants
BAHRAIN: GFH Financial Group terminates market making and liquidity provision agreements with SICO
SOUTH AFRICA: Standard Bank rolls out Shariah compliant discretionary trust service
BANGLADESH: Pubali Bank names Saiful Alam Khan Chowdhury as managing director and CEO
TURKEY: Banks Association of Turkey elects CEOs of Ziraat Bank and Vakifbank as chairperson and deputy chairperson respectively
MALAYSIA: Securities Commission Malaysia to create Islamic fintech accelerator program in collaboration with United Nations Capital Development Fund
INDONESIA: Dwiyono Bayu Winantio joins Bank BTPN Syariah as business director
MALAYSIA: Bank Pembangunan Malaysia appoints Mohamed Nazir Abdul Razak as new non-executive chairman
MALAYSIA: Sabah Credit Corporation auctions RM200 million (US$48.61 million) Islamic medium-term note
MALAYSIA: Midciti Sukuk prints RM400 million (US$97.21 million) Islamic medium-term note with a profit rate of 4%
MALAYSIA: Bank Negara Malaysia issues three Shariah papers totaling RM19.5 billion (US$4.74 billion)
BRUNEI: Autoriti Monetari Brunei Darussalam prices 24th issuance of AMBD Islamic Bills at BN$20 million (US$15.05 million)
TURKEY: Albaraka Turk Katilim Bankasi sells lease certificates worth TRY400 million (US$48.25 million)
UK: Al Rayan Bank’s commercial property portfolio grows by 20% to more than GBP600 million (US$835.7 million) in 2020
MALAYSIA: Bank Islam Malaysia maintains ‘AA3/Stable/P1’ ratings despite restructuring
KUWAIT: Fitch affirms Kuwait Finance House’s long-term issuer default rating at ‘A+’ with a negative outlook
KUWAIT: Boubyan Bank records KWD24.83 million (US$82.26 million) in net operating profit for first quarter of 2021
SAUDI ARABIA: Alinma Bank posts 73.51% increase in net profit for first quarter of 2021
IRAN: Central Bank of Iran releases rules governing cryptocurrency foreign exchange payments
SAUDI ARABIA: Al Rajhi Bank grows 2021 first quarter net profit by about 40% to SAR3.34 billion (US$890.18 million)
PALESTINE: Palestine Monetary Authority makes Estidama Fund permanent to support economy through Islamic and commercial banks
GLOBAL: Sukuk market to maintain momentum for the rest of 2021 thanks to investor appetite and funding diversification needs, says Fitch
GLOBAL: First Abu Dhabi Bank commences share capital transfer process to acquire Bank Audi Egypt
MALAYSIA: BIMB Holdings unveils post-restructuring plan
PAKISTAN: Non-resident Pakistanis with Roshan Digital Account allowed to invest in Islamic mutual funds via Al Meezan Investment Management
BAHRAIN: Mazar Rashid Jalal resigns as chief compliance and governance officer of Bahrain Islamic Bank
NIGERIA: Pension Fund Operators Association of Nigeria to launch new Shariah compliant pension fund this year
KUWAIT: Capital Markets Authority of Kuwait renews Collective Investment Scheme License of Watani USD Money Market Fund for three-year period
TURKEY: TF Varlik Kiralama auctions TRY300 million (US$36.71 million)-worth of lease certificates to qualified investors
SAUDI ARABIA: Saudi Ministry of Finance closes April 2021 Sukuk offering worth SAR11.71 billion (US$3.12 billion)
INDONESIA: Indonesia exercises greenshoe option; raises IDR2.64 trillion (US$181.52 million) from four sovereign Shariah securities
TURKEY: Turkiye Emlak Katilim Bankasi sells domestic lease certificates worth TRY180 million (US$22.03 million)
MALAYSIA: Bank Negara Malaysia issues three Islamic papers totaling RM21.25 billion (US$5.16 billion)
UAE: Emirates Islamic posts net profit of AED212 million (US$57.71 million) for first quarter of 2021
MALAYSIA: Malaysian government secures ‘A3’ rating for proposed US dollar Sukuk
KUWAIT: Fitch affirms Boubyan Bank’s long-term issuer default rating at ‘A+’ and short-term issuer default rating at ‘F1’ with negative outlook
UAE: Central Bank of the UAE extends AED50 billion (US$13.61 billion) Targeted Economic Support Scheme until June 2022
OMAN: Bank Nizwa launches WhatsApp banking service catering to customers globally
INDONESIA: Bank Indonesia maintains BI seven-day reverse repo rate at 3.5%
EGYPT: Faisal Islamic Bank grows total assets by 12.9% to EGP118 billion (US$7.5 billion)
SAUDI ARABIA: Red Sea Development Co to secure SAR14 billion (US$3.73 billion) green financing to fund first phase of luxury tourism project
SAUDI ARABIA: Saudi Central Bank grants license to Marsoom Debt Collection Company
UAE: Digital Financial Services partners with Lulu Group International to offer secure e-wallet payment services
GLOBAL: Tristar Transport to float IPO this month; expects IPO to be declared Shariah compliant
GLOBAL: IFSB releases Islamic banking data for third quarter of 2020