IFN Weekly Market Roundup: 14th – 20th July 2018
Friday, 20 Jul 2018 | Volume15.Issue30
IFN ReportsUAE: National Takaful Company secures ISO 10004:2018 certification for monitoring and measuring customer satisfaction
SAUDI ARABIA: Significant boost in IsDB’s paid-in capital will reverse recent climb in leverage, says Moody’s
UAE: Central Bank of UAE conducts cyberattack simulation on banking sector to boost resilience
KUWAIT: Central Bank of Kuwait allows banks to distribute cash dividends
GLOBAL: Islamic research centers in Saudi Arabia and Uzbekistan to collaborate on education and research
GLOBAL: Muscat Clearing and Depository welcomes First Abu Dhabi Bank as direct custodian member in Oman
GLOBAL: Codebase Technologies collaborates with BankBI to further augment digital banking solutions
TURKEY: Turkey’s central bank maintains policy rate at 17%
MALAYSIA: CapBay raises US$20 million in Series A funding round
PAKISTAN: Pakistani government signs agreements with independent power producers to pay PKR450 billion (US$2.8 billion) using cash and Sukuk for power projects
SRI LANKA: Seylan Bank appoints Ramesh Jayasekara as new COO
BAHRAIN: Al Salam Bank Bahrain appoints Don Hemantha Pradeep Kumara Wijesinghe as new chief technology officer
INDONESIA: Minister of State-Owned Enterprises Erick Thohir joins Syariah Economic Community as general chairperson
TURKEY: Vakif Katilim Bankasi makes return payments to holders of 91-day lease certificates
PAKISTAN: Pakistan to place 750 acres of Fatima Jinnah Park in Islamabad as guarantee for Sukuk; targets up to US$1 billion in upcoming issuance
MALAYSIA: Danga Capital places two Musharakah-based Islamic medium-term notes
MALAYSIA: Bank Negara Malaysia issues two Islamic liquidity management tools
TURKEY: Albaraka Turk Katilim Bankasi prints TRY140 million (US$18.84 million) lease certificates
EGYPT: Dr Islam Abdel Azim Azzam joins Financial Regulatory Authority of Egypt as board vice-chairman
SAUDI ARABIA: Dr Abdulrahman Ibrahim Al Humid, Bank Albilad’s board chairman, passes away
SINGAPORE: Sabana REIT records gross revenue decline by 5.5% to SG$37.4 million (US$28.29 million) for second half of 2020
MALAYSIA: Securities Commission Malaysia expands Green SRI Sukuk Grant Scheme to encourage sustainable investments
INDONESIA: Insurance provider Generali launches Akuberbagi.com platform for Waqf
BAHRAIN: Nael AlKujok joins GFH Financial Group as co-chief investment officer
SAUDI ARABIA: Bank Aljazira receives regulatory approval to appoint Naif Abdulkarim Al Abdulkareem as board member
SAUDI ARABIA: Bahri subsidiary National Chemical Carriers obtains SAR1.23 billion (US$327.73 million) Murabahah financing to finance chemical tankers
UK: Gatehouse Bank relaunches finance products for Houses in Multiple Occupation driven by significant demand and positive market outlook
MALAYSIA: FWD Takaful welcomes Adil Ahmad as chairman of board of directors
SAUDI ARABIA: Saudi Indian Company for Cooperative Insurance appoints Abdulwahab Ahmed Abed as head of audit committee
UAE: Dubai Financial Services Authority delists Dubai Islamic Bank’s US$1 billion lease certificates following full redemption
INDONESIA: Ministry of Public Works and Public Housing allocates IDR14.76 trillion (US$1.05 billion) in funds from State Shariah Securities for infrastructure development
MALAYSIA: Perbadanan Insurans Deposit Malaysia enhances Takaful and Insurance Benefits Protection Systems to boost consumer protection
KUWAIT: Capital Markets Authority renews licenses of two Shariah audit firms for three years
BANGLADESH: International Islamic Trade Finance Corporation to extend Murabahah facility to Eastern Bank in support of SMEs
BRUNEI: Autoriti Monetari Brunei Darussalam prices 12th issuance of AMBD Islamic Bills at BN$30 million (US$22.67 million) with a profit rate of 0.08%
MALAYSIA: Bank Negara Malaysia issues two Islamic papers totaling RM21.41 billion (US$5.31 billion)
QATAR: Alkhaleej Takaful Insurance opens board membership nominations
IRAN: Iranian insurers to launch human resources-related products as part of drive for new instruments
SAUDI ARABIA: IsDB Group plans new project to boost dates sector production chain to increase exports and employment
GLOBAL: Lebanon’s Bank Audi signs agreement with First Abu Dhabi Bank for latter’s 100% share capital acquisition in former’s Egyptian subsidiary unit
INDONESIA: President Joko Widodo to inaugurate cash Waqf movement in Indonesia
OMAN: Oman Arab Bank appoints Yasir Aqil Mohammed Badri as independent board member
UAE: Sharjah Islamic Bank records AED405.83 million (US$110.47 million) net profit for year 2020
MALAYSIA: Axis REIT reports lower net profit amid higher revenue in 2020
UK: [email protected] Capital secures official Shariah approval for Inventory Monetisation Platform
INDONESIA: Otoritas Jasa Keuangan proposes to make Shariah spin-off requirement voluntary instead of mandatory
MALAYSIA: Bank Negara Malaysia maintains overnight policy rate at 1.75% as global economy continues to recover
TURKEY: Albaraka Turk Katilim Bankasi sells TRY150 million (US$20.15 million) in lease certificates
IRAN: Iranian Ministry of Economic Affairs and Finance concludes 34th bond auction
SAUDI ARABIA: National Commercial Bank begins IPO for additional Tier 1 US dollar-denominated Sukuk facility
Friday, 20 Jul 2018 | Volume15.Issue30
IFN ReportsMonday, 16 Jul 2018 | Volume15.Issue29
News BriefsTuesday, 19 Jun 2018 | Volume15.Issue25
IFN AnalysisTuesday, 19 Jun 2018 | Volume15.Issue25
DealsMonday, 18 Jun 2018 | Volume15.Issue25
DealsMonday, 18 Jun 2018 | Volume15.Issue25
DealsWednesday, 13 Jun 2018 | Volume15.Issue25
DealsTuesday, 12 Jun 2018 | IFN ASIA Report 2018
FeaturesWednesday, 06 Jun 2018 | Volume15.Issue24
DealsTuesday, 05 Jun 2018 | Volume15.Issue23
Cover StoryFriday, 25 May 2018 | Volume15.Issue22
DealsWednesday, 23 May 2018 | Volume15.Issue22
MovesThursday, 26 Apr 2018 | Volume15.Issue18
News BriefsTuesday, 24 Apr 2018 | Volume15.Issue17
Cover StoryFriday, 23 Mar 2018 | Volume15.Issue13
FeaturesMonday, 12 Mar 2018 | Volume15.Issue11
DealsThursday, 08 Mar 2018 | Volume15.Issue11
DealsTuesday, 27 Feb 2018 | Volume15.Issue09
IFN ReportsMonday, 26 Feb 2018 | IFNC Volume3.Issue1
News BriefsMonday, 26 Feb 2018 | IFNC Volume3.Issue1
News BriefsMonday, 26 Feb 2018 | Volume15.Issue09
DealsFriday, 23 Feb 2018 | Volume15.Issue09
DealsFriday, 23 Feb 2018 | Volume15.Issue09
DealsMonday, 12 Feb 2018 | Volume15.Issue07
DealsMonday, 29 Jan 2018 | Volume15.Issue05
DealsTuesday, 16 Jan 2018 | Volume15.Issue03
Cover StoryTuesday, 02 Jan 2018 | Volume15.Issue01
FeaturesTuesday, 26 Dec 2017 | IFN Annual Guide 2018
FeaturesThursday, 07 Dec 2017 | Volume14.Issue50
DealsTuesday, 05 Dec 2017 | Volume14.Issue49
Cover StoryWednesday, 15 Nov 2017 | Volume14.Issue47
DealsMonday, 13 Nov 2017 | Volume14.Issue46
DealsThursday, 26 Oct 2017 | IFNC Volume2.Issue09
News BriefsMonday, 09 Oct 2017 | Volume14.Issue41
IFN ReportsFriday, 06 Oct 2017 | Volume14.Issue41
DealsThursday, 20 Jul 2017 | IFNC Volume2.Issue06
News BriefsWednesday, 28 Jun 2017 | Volume14.Issue26
DealsFriday, 09 Jun 2017 | Volume14.Issue24
DealsWednesday, 25 May 2016 | Volume13.Issue21
Case StudyFriday, 13 May 2016 | IFNC Volume1.Issue05
ContributionFriday, 18 Mar 2016 | Volume13.Issue12
DealsThursday, 17 Mar 2016 | Volume13.Issue12
News BriefsThursday, 10 Mar 2016 | Volume13.Issue11
DealsTuesday, 27 Oct 2015 | Volume12.Issue43
DealsTuesday, 08 Sep 2015 | Volume12.Issue36
DealsFriday, 21 Aug 2015 | Volume12.Issue34
News BriefsWednesday, 29 Jul 2015 | Volume12.Issue31
DealsFriday, 08 May 2015 | Volume12.Issue19
News BriefsFriday, 21 Nov 2014 | Volume11.Issue47
Rating UpdatesThursday, 20 Nov 2014 | Volume11.Issue47
Deals