Beware the green trap: Cautionary notes
Tuesday, 01 Mar 2022 | Volume19.Issue09
Special ReportsSAUDI 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
KUWAIT: Assets under management at Kamco Invest grow by 10.1% for first quarter of 2022
PAKISTAN: Salaam Takaful records surplus in Participants Takaful Fund and announces 13,737 eligible policyholders to receive surplus distribution
BAHRAIN: Al Takaful International Company signs joint cooperation agreement with Al Fateh Group to provide Takaful coverage
UAE: Takaful Emarat reports total assets of AED1.03 billion (US$280.39 million) for first quarter of 2022
UAE: Dubai Islamic Insurance and Reinsurance Company reports net profit for shareholders of AED86,649 (US$23,588) for first quarter of 2022
MALAYSIA: MARC assigns final rating of ‘AAAIS’ to TNB Power Generation’s RM10 billion (US$2.28 billion) Sukuk program with a stable outlook
MALAYSIA: MARC affirms ‘AAIS’ rating on Kimanis Power’s RM585 million (US$133.09 million) outstanding Sukuk with stable outlook
GLOBAL: Gulf Islamic Investments-backed zSpace merges with EdtechX Holdings Acquisition Corp II
SAUDI ARABIA: Capital Intelligence affirms Al Rajhi Banking and Investment Corporation’s long-term foreign currency rating at ‘A+’ with stable outlook
INDONESIA: PEFINDO affirms ‘idAAA(sy)’ rating on Adira Finance’s IDR134 billion (US$9.38 million) Shelf PUB Sukuk Mudarabah IV/2020 Phase II/2021 Series A
GLOBAL: Astana International Financial Centre and UN in Kyrgyz Republic to promote green finance and investment with emphasis on Islamic finance industry
GLOBAL: Norton Rose Fulbright appoints David Johnston as partner of banking and finance team
INDONESIA: Indonesia exercises greenshoe option; raises IDR3.29 trillion (US$230.3 million) from four papers
MALAYSIA: Bank Negara Malaysia issues five Islamic papers totaling RM21.75 billion (US$4.95 billion)
BANGLADESH: Bangladesh Bank auctions two Bangladesh Government Islami Investment Bonds
SAUDI ARABIA: Al Sagr Cooperative Insurance Co announces calling candidature for board member elections to fill five vacant chairs in current session
SAUDI ARABIA: Alinma Tokio Marine Co reports net profit before Zakat of SAR1.36 million (US$362,154) for first quarter of 2022
SAUDI ARABIA: Al Alamiya for Cooperative Insurance Co reports net loss before Zakat of SAR20.78 million (US$5.53 million) for first quarter of 2022
OMAN: Capital Intelligence affirms Alizz Islamic Bank’s long- and short-term ratings at ‘omAA’ and ‘omA1+’ respectively
MALAYSIA: Amanah Ikhtiar Malaysia disburses RM980 million (US$223.49 million) in financing to microentrepreneurs from January to May 2022
BANGLADESH: Bank Asia reelects Rumee A Hossain as chairman of board executive committee
INDONESIA: Indonesia raises IDR4.28 trillion (US$299.6 million) from Sukuk auction; to conduct additional Sukuk auction with greenshoe option
SOUTH AFRICA: WealthPoint launches Shariah compliant global real estate investment platform Shari’ah Wealth
BAHRAIN: Ithmaar Holding reports total net profit of US$6.47 million for the first quarter of 2022 compared with US$13.85 million for the same period in 2021
UAE: Dar Al Takaful reports AED1.16 billion (US$315.75 million) in total Takaful operations’ assets as at the 31st March 2022
MALAYSIA: RAM reaffirms Public Islamic Bank’s ‘AAA/Stable/P1’ financial institution ratings and ‘AAA/Stable’ and ‘AA1/Stable’ senior and subordinated Sukuk ratings respectively
QATAR: Qatar Islamic Bank introduces new features to mobile app to simplify digital banking experience
MALAYSIA: West Coast Expressway prints RM9 million (US$2.05 million) Islamic paper with a profit rate of 10%
GAMBIA: Central Bank of Gambia’s Sukuk Salam papers oversubscribed
Tuesday, 01 Mar 2022 | Volume19.Issue09
Special ReportsTuesday, 08 Feb 2022 | Volume19.Issue06
IFN AnalysisThursday, 13 Jan 2022 | IFN Annual Guide 2022
FeaturesWednesday, 15 Dec 2021 | Volume19.Issue01
News BriefsTuesday, 26 Oct 2021 | Volume18.Issue43
MovesTuesday, 27 Apr 2021 | Volume18.Issue17
FeaturesTuesday, 16 Mar 2021 | Volume18.Issue11
Special ReportsFriday, 12 Feb 2021 | Volume18.Issue07
IFN ReportsThursday, 11 Feb 2021 | Volume18.Issue07
IFN ReportsTuesday, 05 Jan 2021 | Volume18.Issue01
ColumnTuesday, 22 Dec 2020 | IFN Annual Guide 2021
FeaturesTuesday, 22 Dec 2020 | IFN Annual Guide 2021
FeaturesTuesday, 22 Dec 2020 | IFN Annual Guide 2021
FeaturesTuesday, 22 Dec 2020 | IFN Annual Guide 2021
FeaturesFriday, 28 Aug 2020 | Volume17.Issue35
IFN Correspondent ReportsTuesday, 07 Jul 2020 | Volume17.Issue27
Cover StoryTuesday, 12 May 2020 | Volume17.Issue19
FeaturesWednesday, 06 May 2020 | IFN Annual Guide 2020
FeaturesTuesday, 11 Feb 2020 | Volume17.Issue06
IFN AnalysisMonday, 09 Dec 2019 | Volume16.Issue49
News BriefsTuesday, 15 Oct 2019 | Volume16.Issue41
IFN AnalysisTuesday, 15 Oct 2019 | Volume16.Issue41
Special ReportsTuesday, 17 Sep 2019 | Volume16.Issue37
Special ReportsWednesday, 10 Jul 2019 | Volume16.Issue28
News BriefsTuesday, 18 Jun 2019 | Volume16.Issue24
Special ReportsTuesday, 28 May 2019 | Volume16.Issue21
Special ReportsTuesday, 30 Apr 2019 | Volume16.Issue17
FeaturesTuesday, 29 Jan 2019 | Volume16.Issue04
Cover StoryTuesday, 09 Oct 2018 | Volume15.Issue41
IFN AnalysisTuesday, 12 Jun 2018 | Volume15.Issue24
ColumnTuesday, 06 Feb 2018 | Volume15.Issue06
IFN AnalysisTuesday, 21 Nov 2017 | Volume14.Issue47
IFN AnalysisMonday, 25 Sep 2017 | Volume14.Issue39
News BriefsTuesday, 19 Sep 2017 | Volume14.Issue38
Special ReportsFriday, 15 Sep 2017 | Volume14.Issue38
News BriefsMonday, 21 Aug 2017 | IFNC Volume2.Issue07
FeaturesTuesday, 08 Aug 2017 | Volume14.Issue32
IFN AnalysisTuesday, 08 Aug 2017 | Volume14.Issue32
FeaturesTuesday, 20 Jun 2017 | IFNC Volume2.Issue05
FeaturesTuesday, 25 Apr 2017 | Volume14.Issue17
IFN AnalysisFriday, 07 Apr 2017 | Volume14.Issue15
IFN ReportsMonday, 03 Apr 2017 | Volume14.Issue14
News BriefsTuesday, 28 Mar 2017 | Volume14.Issue13
Cover StoryMonday, 06 Mar 2017 | Volume14.Issue10
IFN Correspondent ReportsFriday, 16 Dec 2016 | IFN Annual Guide 2017
IFN ReportsFriday, 16 Dec 2016 | IFN Annual Guide 2017
IFN ReportsWednesday, 23 Nov 2016 | Volume13.Issue47
IFN AnalysisMonday, 17 Oct 2016 | IFNC Volume1.Issue10
Cover StoryWednesday, 12 Oct 2016 | Volume13.Issue41
IFN ReportsWednesday, 17 Aug 2016 | Volume13.Issue33
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