IFN Weekly Round-up: 18th – 24th June 2022
Friday, 24 Jun 2022 | Volume19.Issue26
IFN ReportsNIGERIA: 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
SAUDI ARABIA: Saudi British Bank appoints veteran banker Yasser Ali Al-Barrak as CEO of corporate and institutional banking
PAKISTAN: Securities and Exchange Commission of Pakistan permits licensed investment advisors to offer employer pension funds
OMAN: Sustainable city Yiti signs MoU with Sohar Islamic Bank to offer escrow services to buyers of upcoming residential units
MALAYSIA: Securities Commission Malaysia launches SRI-linked Sukuk framework to facilitate companies’ transition to net zero
MALAYSIA: Malaysia Building Society appoints Nor Azam M Taib as group CEO
MALAYSIA: HSBC Bank Malaysia appoints Karel Avni Doshi as head of commercial banking
SAUDI ARABIA: Stefano Paolo Bertamini resigns as independent board member of Al Rajhi Bank
NIGERIA: President Muhammadu Buhari reappoints Patience Oniha as director-general of Debt Management Office
MALAYSIA: Bank Negara Malaysia issues four short-term Shariah papers
MALAYSIA: Cagamas prices ASEAN Sustainability SRI Sukuk paper at RM150 million (US$34.02 million)
QATAR: Ali Bin Ghanim Group resigns from membership on Qatar Islamic Bank’s board of directors
SAUDI ARABIA: Saudi Real Estate Company completes early repayment of SAR535.32 million (US$142.55 million) to Riyad Bank
PAKISTAN: Finance minister instructs National Bank of Pakistan to withdraw Supreme Court appeal on Federal Shariat Court’s Riba verdict
PAKISTAN: Popular Islamic Modaraba appoints Kamran Hussain Mughal as new chief executive
UAE: Dubai Islamic Bank becomes first Islamic bank to go live with Arab Monetary Fund’s Buna cross-border payment system
UAE: Abu Dhabi Islamic Bank launches plot financing facility enabling customers to purchase land for investment or homeownership purposes
GAMBIA: Central Bank of Gambia concludes auction featuring three Sukuk Salam papers
MALAYSIA: Sunway Treasury Sukuk places four unrated Islamic medium-term notes
SAUDI ARABIA: Al Etihad Cooperative Insurance Company receives Shariah compliance certification for activities in 2021
BANGLADESH: Dhaka Bank reelects Abdul Hai Sarker as board chairman
SAUDI ARABIA: Saudi Investment Bank completes Tier 1 Sukuk issuance worth SAR2 billion (US$532.59 million) through private placement
MALAYSIA: Bank Negara Malaysia issues four Shariah papers
MALAYSIA: Tenaga Nasional places five Islamic medium-term notes
MALAYSIA: PONSB Capital auctions two Islamic medium-term notes totaling RM700 million (US$159 million)
MALAYSIA: Danum Capital prints two Istithmar- and Wakalah-based Islamic medium-term notes
SAUDI ARABIA: Buruj Cooperative Insurance Co secures final regulatory approval for new product
SAUDI ARABIA: Amana Cooperative Insurance Company completes rump offering
IRAQ: Fitch assigns ‘CCC+’ long-term issuer default rating to Kurdistan International Islamic Bank
GLOBAL: Moody’s affirms Islamic Corporation for the Development of the Private Sector at ‘A2’
BAHRAIN: Bahraini Islamic retail and wholesale banks maintain high capital adequacy ratio in first quarter of 2022
GLOBAL: UK Export Finance offers Sukuk assistance following maiden GBP66 million (US$81.04 million) financing deal in Jordan
UK: Gatehouse Bank raises rate on new Easy Access savings account
PAKISTAN: Habib Bank launches digital Islamic banking account app
PAKISTAN: Bank of Khyber expands Islamic banking network with new branch at Khalifa Gul Nawaz Hospital
GLOBAL: AAOIFI signs multiple strategic partnerships on the sidelines of its 20th Shariah Boards Conference
BANGLADESH: Southeast Bank launches five agent banking outlets targeting unbanked population
BANGLADESH: Strategic Finance & Investments secures regulatory approval to launch Islamic window
UK: Wahed Invest expands investment range with physical gold portfolio
BANGLADESH: Bangladesh Securities and Exchange Commission approves prospectus of EDGE AMC’s new Islamic fund
MALAYSIA: Pertama Digital looks to partner with Islamic bank to establish Malaysia’s government-focused neobank
Friday, 24 Jun 2022 | Volume19.Issue26
IFN ReportsThursday, 21 Apr 2022 | Volume19.Issue17
News BriefsMonday, 18 Apr 2022 | Volume19.Issue16
IFN AnalysisMonday, 11 Apr 2022 | Volume19.Issue15
News BriefsWednesday, 02 Feb 2022 | Volume19.Issue06
IFN ReportsWednesday, 26 Jan 2022 | Volume19.Issue05
MovesFriday, 21 Jan 2022 | Volume19.Issue04
Asset ManagementThursday, 20 Jan 2022 | Volume19.Issue04
MovesTuesday, 18 Jan 2022 | Awards Report 2021
Cover StoryFriday, 07 Jan 2022 | Volume19.Issue02
IFN ReportsMonday, 03 Jan 2022 | Volume19.Issue01
IFN ReportsMonday, 03 Jan 2022 | Volume19.Issue01
MovesMonday, 13 Dec 2021 | Volume18.Issue50
Rating UpdatesWednesday, 01 Dec 2021 | Volume18.Issue49
IFN ReportsTuesday, 30 Nov 2021 | Volume18.Issue48
MovesTuesday, 16 Nov 2021 | Volume18.Issue46
News BriefsFriday, 12 Nov 2021 | Volume18.Issue46
News BriefsTuesday, 07 Sep 2021 | Volume18.Issue36
News BriefsMonday, 02 Aug 2021 | Volume18.Issue31
IFN ReportsTuesday, 15 Jun 2021 | Volume18.Issue24
MovesMonday, 10 May 2021 | Volume18.Issue19
News BriefsFriday, 30 Apr 2021 | Volume18.Issue18
News BriefsFriday, 30 Apr 2021 | Volume18.Issue18
MovesTuesday, 27 Apr 2021 | Volume18.Issue17
News BriefsThursday, 22 Apr 2021 | Volume18.Issue17
Rating UpdatesTuesday, 20 Apr 2021 | Volume18.Issue16
IFN AnalysisThursday, 04 Feb 2021 | Volume18.Issue06
News BriefsMonday, 01 Feb 2021 | Volume18.Issue05
IFN ReportsFriday, 15 Jan 2021 | Volume18.Issue03
IFN ReportsTuesday, 12 Jan 2021 | Volume18.Issue02
MovesThursday, 07 Jan 2021 | Volume18.Issue02
Rating UpdatesTuesday, 22 Dec 2020 | IFN Annual Guide 2021
FeaturesWednesday, 16 Dec 2020 | Volume18.Issue01
News BriefsFriday, 27 Nov 2020 | Volume17.Issue48
DealsTuesday, 06 Oct 2020 | Volume17.Issue40
News BriefsFriday, 04 Sep 2020 | Volume17.Issue36
IFN ReportsThursday, 13 Aug 2020 | Volume17.Issue33
MovesFriday, 07 Aug 2020 | Volume17.Issue32
FeaturesTuesday, 14 Jul 2020 | Volume17.Issue28
ResultsMonday, 13 Jul 2020 | Volume17.Issue28
Asset ManagementTuesday, 19 May 2020 | Volume17.Issue20
Special ReportsFriday, 15 May 2020 | Volume17.Issue20
IFN ReportsTuesday, 12 May 2020 | Volume17.Issue19
IFN ReportsWednesday, 29 Apr 2020 | Volume17.Issue18
News BriefsTuesday, 21 Apr 2020 | Volume17.Issue16
IFN AnalysisWednesday, 15 Apr 2020 | Volume17.Issue16
News BriefsTuesday, 07 Apr 2020 | Volume17.Issue14
MovesFriday, 20 Mar 2020 | Volume17.Issue12
IFN ReportsMonday, 16 Mar 2020 | Volume17.Issue11
ResultsTuesday, 03 Mar 2020 | Volume17.Issue09
Special Reports