IFN Deals of the Year 2019
Tuesday, 14 Jan 2020 | Volume17.Issue02
Cover StoryMALAYSIA: Bank Islam and Selangor State Development Corporation sign MoU to offer Islamic home financing facilities, Bernama reports
BAHRAIN: Al Baraka Group announces resignation of Mohammed Abdulla Elqaq as senior vice-president–head of commercial banking
INDONESIA: Indonesian government to offer retail Sukuk series SR017; to auction state Shariah securities worth IDR9 trillion (US$609.46 million)
NIGERIA: Jaiz Bank’s board of directors receives approval from shareholders to raise NGN150 billion (US$357.24 million) via Sukuk
TURKIYE: Turkish milling company Eksun Gida raises TRY200 million (US$11.13 million) in sophomore Sukuk issuance
PAKISTAN: State Bank of Pakistan details minimum features for Roshan Digital Account mobile applications to be developed by banks
BANGLADESH: First Security Islami Bank signs remittance drawing arrangement agreement with SHIFT Financial Services
UAE: Abesh Chatterjee resigns as head of risk management at GFH Financial Group
MALAYSIA: Bank Negara Malaysia prints Islamic money market facilities worth a total of RM22.17 billion (US$4.96 billion)
IRAQ: Al-Ataa Islamic Bank selects ICS Financial Systems’s Shariah compliant software solution
UK: Gatehouse Bank temporarily pauses home financing products citing “unprecedented level of demand”, Financial Times reports
MALAYSIA: Sunway Treasury Sukuk issues RM50 million (US$11.19 million) one-month Islamic commercial paper
MALAYSIA: Maxis Broadband issues two Islamic medium-term notes worth RM400 million (US$89.54 million) combined
MALAYSIA: Leader Energy’s ASEAN Green Sustainable and Responsible Investment Sukuk Wakalah rating of ‘AA-IS’ affirmed
QATAR: Masraf Al Rayan hosts delegation from Indonesian Banking Development Institute as part of Islamic Bank Branch Manager Program
UK: Foot Anstey’s Islamic finance sector business increases by 18% for 2021–22 financial year
MALAYSIA: Titijaya Land issues Islamic commercial paper worth RM30 million (US$6.72 million) on the 17th August 2022
MALAYSIA: Johor Port to issue Islamic program with combined limit up to RM1 billion (US$223.84 million); ‘MARC-1IS/AA-IS’ preliminary ratings assigned
MALAYSIA: Malaysian government and central bank issue Islamic papers
PAKISTAN: State Bank of Pakistan injects PKR743 billion (US$3.46 billion) into banks with 15.11% return rate, The Express Tribune reports
PAKISTAN: Rafah National Savings holds first Shariah board meeting; two Islamic products approved
PAKISTAN: Habib Bank opens new Islamic banking branch in Lahore, The News International reports
SOMALIA: IsDB assures it is working with Somalia to promote socioeconomic development and prosperity
UAE: Dubai Financial Market to allow Dubai Gold and Commodities Exchange licensed brokerage firms to become derivatives members
PAKISTAN: State Bank of Pakistan automates verification of refinance claims under Export Finance Scheme
MALAYSIA: APM Automotive Holdings issues Islamic medium-term note worth RM50 million (US$11.22 million)
SAUDI ARABIA: Council of Cooperative Health Insurance renews company qualification of Buruj Cooperative Insurance Company for one year
SAUDI ARABIA: Saudi Capital Market Authority board issues resolution to refer two companies to Public Prosecution
MALDIVES: Maldives procures medical equipment for frontline workers and health facilities with funding from IsDB totaling US$34.1 million to date
MALAYSIA: CIMB Islamic Bank to partner with Yayasan Waqaf Malaysia and Yayasan Belia Malaysia for Rider Entrepreneur Programme 2022
MALAYSIA: Malaysia Venture Capital Management welcomes Noor Amy Ismail as COO and Paramjit Singh Gill as chief investment officer
MALAYSIA: Ranhill Solar Ventures proposes Sukuk Murabahah program of up to RM310 million (US$69.54 million); ‘AA3/Stable’ rating assigned
MALAYSIA: BGSM Management issues two Islamic medium-term notes worth RM350 million (US$78.52 million) combined
MALAYSIA: BGRB Venture issues RM4 million (US$897,332) unrated Islamic medium-term note on the 15th August 2022
INDONESIA: Indonesia Stock Exchange lists Sukuk issued by Indah Kiat Pulp & Paper, Sarana Multi Infrastruktur and Kereta Api Indonesia
BAHRAIN: Central Bank of Bahrain’s monthly Sukuk Salam issuance worth BHD43 million (US$113.35 million) oversubscribed
MALAYSIA: Malaysian Ministry of Human Resources launches Shariah compliant financing facility for skilled workers, Bernama reports
MALAYSIA: Al Rajhi Bank Malaysia partners with Darwinbox to digitalize human resources processes
INDONESIA: Indonesian regulatory and financial entities collaborate to encourage younger generation to participate in sustainable investing
SAUDI ARABIA: Bupa Arabia for Cooperative Insurance appoints Loay Hisham Nazer as chairman of board; appoints other board members
ETHIOPIA: Kacha Digital Financial Services to finalize preparatory activities to launch Shariah compliant financial services
INDONESIA: Kereta Api Indonesia raises IDR4.6 trillion (US$313.08 million) through Sukuk and bonds; receives oversubscription of 2.3 times, Kontan reports
UAE: Pure Harvest Smart Farms eyes new Sukuk or conventional bond issuance to support expansion, Salaam Gateway reports
SAUDI ARABIA: Tamam Financing Company launches Murabahah financing to enable instant access to financing and flexible repayment options
OMAN: Oman Cement Company appoints Sohar Islamic Bank as mandated lead arranger for expansion project
OMAN: Bank Nizwa pledges OMR40,000 (US$103,547) to support flood-stricken communities in Rustaq and Al Awabi
GLOBAL: AAOIFI begins digital transformation and process automation journey; appoints Lyst Technologies to assist
MALAYSIA: Meem Gold & Jewellery receives Shariah compliance certification from Elzar Shariah Solutions and Advisory
MALAYSIA: Merchant commerce platform Pine Labs partners with Bank Simpanan Nasional to enable digital Pay Later
MALAYSIA: Malaysian banking associations increase security measures in response to iPay88 cybersecurity incident
Tuesday, 14 Jan 2020 | Volume17.Issue02
Cover StoryFriday, 10 Jan 2020 | Volume17.Issue01
IFN ReportsThursday, 09 Jan 2020 | Volume17.Issue02
IFN Correspondent ReportsMonday, 06 Jan 2020 | Volume17.Issue01
News BriefsFriday, 03 Jan 2020 | Volume17.Issue01
IFN Correspondent ReportsFriday, 06 Dec 2019 | Volume16.Issue49
IFN ReportsThursday, 05 Dec 2019 | Volume16.Issue49
News BriefsTuesday, 03 Dec 2019 | Volume16.Issue48
AdvertorialFriday, 29 Nov 2019 | Volume16.Issue48
IFN ReportsFriday, 29 Nov 2019 | IFNC Volume4.Issue10
IFN ReportsFriday, 29 Nov 2019 | Volume16.Issue48
News BriefsThursday, 28 Nov 2019 | Volume16.Issue48
IFN ReportsTuesday, 26 Nov 2019 | Volume16.Issue47
IFN ReportsMonday, 25 Nov 2019 | Volume16.Issue47
News BriefsFriday, 22 Nov 2019 | Volume16.Issue47
IFN ReportsThursday, 21 Nov 2019 | Volume16.Issue47
News BriefsMonday, 18 Nov 2019 | Volume16.Issue46
News BriefsFriday, 15 Nov 2019 | Volume16.Issue46
IFN ReportsFriday, 15 Nov 2019 | Volume16.Issue46
News BriefsThursday, 14 Nov 2019 | Volume16.Issue46
News BriefsTuesday, 12 Nov 2019 | Volume16.Issue45
Editor`s NoteTuesday, 12 Nov 2019 | Volume16.Issue45
IFN ReportsFriday, 08 Nov 2019 | Volume16.Issue45
IFN ReportsTuesday, 05 Nov 2019 | Volume16.Issue44
News BriefsTuesday, 22 Oct 2019 | Volume16.Issue42
News BriefsMonday, 21 Oct 2019 | Volume16.Issue42
News BriefsWednesday, 16 Oct 2019 | Volume16.Issue42
Rating UpdatesFriday, 11 Oct 2019 | Volume16.Issue41
IFN ReportsThursday, 10 Oct 2019 | Volume16.Issue41
IFN ReportsTuesday, 08 Oct 2019 | Volume16.Issue40
IFN ReportsTuesday, 24 Sep 2019 | Volume16.Issue38
Cover StoryTuesday, 17 Sep 2019 | Volume16.Issue37
News BriefsTuesday, 27 Aug 2019 | Volume16.Issue34
IFN ReportsFriday, 23 Aug 2019 | Volume16.Issue34
IFN ReportsTuesday, 20 Aug 2019 | Volume16.Issue33
IFN AnalysisMonday, 19 Aug 2019 | Volume16.Issue33
News BriefsWednesday, 31 Jul 2019 | IFNC Volume4.Issue6
IFN ReportsMonday, 29 Jul 2019 | Volume16.Issue30
IFN AnalysisFriday, 19 Jul 2019 | Volume16.Issue29
News BriefsThursday, 18 Jul 2019 | Volume16.Issue29
News BriefsFriday, 14 Jun 2019 | Volume16.Issue24
IFN ReportsFriday, 14 Jun 2019 | Volume16.Issue24
News BriefsMonday, 10 Jun 2019 | Volume16.Issue22
News BriefsFriday, 31 May 2019 | Volume16.Issue22
IFN Correspondent ReportsTuesday, 28 May 2019 | Volume16.Issue21
IFN ReportsFriday, 24 May 2019 | Volume16.Issue21
IFN ReportsThursday, 23 May 2019 | Volume16.Issue21
News BriefsTuesday, 21 May 2019 | Volume16.Issue21
IFN ReportsTuesday, 21 May 2019 | Volume16.Issue20
IFN AnalysisTuesday, 07 May 2019 | Volume16.Issue18
IFN Analysis