IFN Weekly Market Round-up: 4th – 10th June 2022
Friday, 10 Jun 2022 | Volume19.Issue24
IFN ReportsALGERIA: AOM Invest to be the first to issue Sukuk under Algeria’s yet-to-be approved procedure allowing investment funds to issue Sukuk
GLOBAL: SHUAA consolidates real estate investment and asset management businesses as part of UK’s Northacre’s global expansion plan
GLOBAL: Global Sukuk offerings declined by over 20% in first half of 2022; S&P revises projection to US$130 billion
MALAYSIA: Country View Resources secures additional financing from RHB Islamic Bank totaling RM48 million (US$10.87 million)
UK: DND Finance launches Shariah compliant Score Mastercard
PAKISTAN: State Bank of Pakistan rejects bids for Mudarabah-based reverse repo during open market operations on the 4th July 2022
INDONESIA: Indonesia issues Sukuk paper series SW002 worth IDR50 billion (US$3.33 million)
UAE: Dar Al Takaful completes legal procedures for merger with Watania
PAKISTAN: State Bank of Pakistan adopts four AAOIFI Shariah standards in line with 3rd Strategic Plan for Islamic Banking Industry 2021–25
OMAN: Central Bank of Oman’s High Shari’a Supervisory Authority appoints Sulaiman Al Harthy as coordinator (secretary)
MALAYSIA: Securities Commission Malaysia issues guidance note on managing ESG risks for fund management companies
INDONESIA: Indonesia pushing for Waqf law updates to accommodate latest developments
MALAYSIA: Bursa Malaysia promotes Dr Ken Yeoh to senior vice-president of corporate governance and sustainability
MALAYSIA: Bank Negara Malaysia issues three short-term Islamic liquidity management papers totaling RM29.67 billion (US$6.72 billion)
MALAYSIA: Gas Malaysia Distribution sells RM220 million (US$49.84 million) Islamic commercial paper
GLOBAL: International Islamic Liquidity Management Corporation reissues three-tranche Sukuk paper worth US$830 million
MALAYSIA: Sunway Treasury Sukuk auctions unrated Islamic medium-term note worth RM160 million (US$36.24 million)
TURKEY: Ministry of Treasury and Finance of Turkey to issue Turkish lira-denominated lease certificates
MALAYSIA: Malaysian government to extend Shariah compliant myezycover.com vehicle insurance scheme to outside civil service
BAHRAIN: Al Salam Bank signs definitive agreements with Ithmaar Holding to acquire group of assets from Ithmaar Holding’s group of companies
UK: Primary Finance opens third investment window for those wanting to apply for Shariah compliant savings account
UK: Nester completes GBP1.2 million (US$1.45 million) bridge financing
OMAN: Oman lists sixth sovereign Sukuk paper worth OMR150 million (US$388.41 million) on Muscat Stock Exchange
PAKISTAN: Hilal Invest partners with AKD Investment Management to offer Islamic investment products
SAUDI ARABIA: Allianz Saudi Fransi Cooperative Insurance Co signs insurance coverage agreement with Banque Saudi Fransi
SAUDI ARABIA: Riyad Bank signs bancassurance distribution agreement with Al Alamiya for Cooperative Insurance Company
KUWAIT: Kuwait Finance House receives Competition Protection Agency’s approval on potential acquisition of Ahli United Bank; Ahli United Bank not party to discussions
MALAYSIA: IOUpay names Wan Ahmad as non-executive board chairman amid move toward Shariah compliance
KUWAIT: Warba Bank names Hussam Sulieman Mustafa and Abdullah Mahmoud AlLanqawi as chief internal auditor and chief treasury officer respectively
SAUDI ARABIA: Saudi king appoints new deputy governors for investment and research as well as control and technology portfolios
MALAYSIA: Securities Commission Malaysia names four senior appointments including Azalina Adham as executive director of business group strategy and policy
GLOBAL: Qatar First Bank acquires Gateway Plaza building in the US
PAKISTAN: State Bank of Pakistan appoints Tariq Naseem as head of Islamic Finance Department
MALAYSIA: Bank Rakyat appoints Dr Mohammad Hanis Osman as new CEO
MALAYSIA: Takaful Ikhlas Family signs MoU with Majlis Agama Islam Negeri Sembilan to support social finance initiatives
BANGLADESH: CSE Shariah Index revised to include 12 new companies and exclude 11 companies effective the 17th July 2022
EGYPT: Abd ElRahman Saad joins Abu Dhabi Islamic Bank–Egypt as business development assistant manager of e-payments
MALAYSIA: Malaysia’s first peer-to-peer asset-based financing platform Capsphere receives Shariah certification
MALAYSIA: Malaysia issues RM2.5 billion (US$566.93 million) Malaysian Islamic Treasury Bill
MALAYSIA: Ihsan Sukuk fully utilizes RM100 million (US$22.68 million) SRI Sukuk to fund Yayasan AMIR’s Trust School Programme for 2016
NIGERIA: National Insurance Commission of Nigeria revokes certificates of registration of Niger Insurance and Standard Alliance Insurance
UAE: Dubai International Financial Centre selects Tarabut Gateway as technical platform partner for Open Finance Lab
UAE: Dubai Financial Services Authority imposes restriction on Trevor Conway “to protect the integrity of Islamic finance” following investigation of misconduct
GLOBAL: Saudi buy-now-pay-later platform Tamara expands into the UAE
GLOBAL: Gulf Islamic Investments acquires majority stake in UK Shariah compliant bridge financier OFFA
MALAYSIA: Bank Negara Malaysia issues policy document on bancaTakaful and bancassurance
MOROCCO: La Marocaine Vie launches Al Maghribia Takaful to offer Takaful products in Morocco
KUWAIT: Warba Bank and Boubyan Bank each submit applications to establish digital bank under Central Bank of Kuwait umbrella
UK: Gatehouse Bank launches savings app to support customers in managing personal savings accounts
MALAYSIA: Joint Committee on Climate Change releases Task Force on Climate-related Financial Disclosures application guide
Friday, 10 Jun 2022 | Volume19.Issue24
IFN ReportsFriday, 10 Jun 2022 | Volume19.Issue24
Takaful NewsFriday, 10 Jun 2022 | Volume19.Issue24
Takaful NewsThursday, 09 Jun 2022 | Volume19.Issue24
Takaful NewsMonday, 06 Jun 2022 | Volume19.Issue23
Takaful NewsMonday, 23 May 2022 | Volume19.Issue21
Takaful NewsTuesday, 10 May 2022 | Volume19.Issue19
Cover StoryThursday, 28 Apr 2022 | Volume19.Issue18
IFN ReportsThursday, 28 Apr 2022 | Volume19.Issue18
IFN Correspondent ReportsMonday, 18 Apr 2022 | Volume19.Issue16
ColumnTuesday, 29 Mar 2022 | Volume19.Issue13
Takaful NewsFriday, 18 Mar 2022 | Volume19.Issue12
IFN ReportsThursday, 17 Mar 2022 | Volume19.Issue12
News BriefsWednesday, 16 Mar 2022 | Volume19.Issue12
IFN ReportsFriday, 25 Feb 2022 | Volume19.Issue09
IFN ReportsTuesday, 22 Feb 2022 | Volume19.Issue08
Takaful NewsMonday, 31 Jan 2022 | Volume19.Issue05
IFN AnalysisThursday, 13 Jan 2022 | IFN Annual Guide 2022
FeaturesThursday, 13 Jan 2022 | IFN Annual Guide 2022
FeaturesWednesday, 01 Dec 2021 | Volume18.Issue49
Takaful NewsTuesday, 09 Nov 2021 | Volume18.Issue45
IFN AnalysisTuesday, 02 Nov 2021 | Volume18.Issue44
Cover StoryTuesday, 14 Sep 2021 | Volume18.Issue37
ColumnTuesday, 07 Sep 2021 | Volume18.Issue36
Cover StoryTuesday, 07 Sep 2021 | Volume18.Issue36
IFN AnalysisMonday, 06 Sep 2021 | Volume18.Issue36
IFN ReportsMonday, 06 Sep 2021 | Volume18.Issue36
Takaful NewsMonday, 06 Sep 2021 | Volume18.Issue36
Takaful NewsWednesday, 01 Sep 2021 | Volume18.Issue36
IFN ReportsMonday, 30 Aug 2021 | Volume18.Issue35
Cover StoryFriday, 27 Aug 2021 | Volume18.Issue35
IFN ReportsWednesday, 25 Aug 2021 | Volume18.Issue35
Takaful NewsFriday, 16 Jul 2021 | Volume18.Issue29
Rating UpdatesTuesday, 06 Jul 2021 | Volume18.Issue27
Editor`s NoteTuesday, 06 Jul 2021 | Volume18.Issue27
FeaturesFriday, 02 Jul 2021 | Volume18.Issue27
IFN ReportsFriday, 25 Jun 2021 | Volume18.Issue26
News BriefsMonday, 21 Jun 2021 | Volume18.Issue25
News BriefsTuesday, 11 May 2021 | Volume18.Issue19
IFN ReportsFriday, 30 Apr 2021 | Volume18.Issue18
Takaful NewsTuesday, 20 Apr 2021 | IFN Roadshow OnAir Report 2021
IFN ReportsTuesday, 20 Apr 2021 | Volume18.Issue16
Takaful NewsThursday, 15 Apr 2021 | Volume18.Issue16
IFN ReportsWednesday, 17 Mar 2021 | Volume18.Issue12
News BriefsFriday, 05 Mar 2021 | Volume18.Issue10
Takaful NewsFriday, 12 Feb 2021 | Volume18.Issue07
IFN ReportsTuesday, 09 Feb 2021 | Volume18.Issue06
IFN ReportsTuesday, 09 Feb 2021 | Volume18.Issue06
Takaful NewsFriday, 05 Feb 2021 | Volume18.Issue06
News BriefsWednesday, 03 Feb 2021 | Volume18.Issue06
News Briefs