Malaysian Shariah index adds new entities
Friday, 02 Jun 2017 | Volume14.Issue23
News BriefsQL Resources
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UAE: Emirates Islamic posts net profit of AED212 million (US$57.71 million) for first quarter of 2021
MALAYSIA: Malaysian government secures ‘A3’ rating for proposed US dollar Sukuk
KUWAIT: Fitch affirms Boubyan Bank’s long-term issuer default rating at ‘A+’ and short-term issuer default rating at ‘F1’ with negative outlook
UAE: Central Bank of the UAE extends AED50 billion (US$13.61 billion) Targeted Economic Support Scheme until June 2022
OMAN: Bank Nizwa launches WhatsApp banking service catering to customers globally
INDONESIA: Bank Indonesia maintains BI seven-day reverse repo rate at 3.5%
EGYPT: Faisal Islamic Bank grows total assets by 12.9% to EGP118 billion (US$7.5 billion)
SAUDI ARABIA: Red Sea Development Co to secure SAR14 billion (US$3.73 billion) green financing to fund first phase of luxury tourism project
SAUDI ARABIA: Saudi Central Bank grants license to Marsoom Debt Collection Company
UAE: Digital Financial Services partners with Lulu Group International to offer secure e-wallet payment services
GLOBAL: Tristar Transport to float IPO this month; expects IPO to be declared Shariah compliant
GLOBAL: IFSB releases Islamic banking data for third quarter of 2020
MALAYSIA: Capital Markets Malaysia and Institutional Investors Council Malaysia launch Sustainable Investment Platform
INDONESIA: Badan Wakaf Indonesia collaborates with four universities to launch National Waqf Index
UAE: Emirates NBD to grow Saudi branch network to 24 from current six
GLOBAL: Waqfinity CEO Akmal Saleem joins IFN as new correspondent for Waqf sector
GLOBAL: International Islamic Trade Finance Corporation planning new financial instruments including risk-sharing alternatives and bank guarantee products
UAE: Takaful Emarat Insurance announces seven nominees for membership of board of directors
UAE: Sharjah Islamic Bank records increase of 6.8% in net profit for three-month period ended the 31st March 2021
INDONESIA: Bank Sumsel Babel collaborates with National Zakat Agency to introduce new payment system facilitating Zakat payments
TURKEY: Ministry of Treasury and Finance of Turkey issues CPI-indexed lease certificates worth TRY1.36 billion (US$167.52 million)
INDONESIA: Indonesia raises IDR7.37 trillion (US$507.32 million) from Sukuk auction; plans additional Sukuk auction with greenshoe option
MALAYSIA: Pelabuhan Tanjung Pelepas sells RM200 million (US$48.57 million) Islamic medium-term note with a profit rate of 3.74%
MALAYSIA: Idiwan Solar prints Murabahah-based Islamic medium-term note
GAMBIA: Central Bank of Gambia concludes Sukuk Salam auction
MALAYSIA: Danum Capital auctions RM500 million (US$121.42 million) Islamic medium-term note with a profit rate of 2.24%
KUWAIT: Central Bank of Kuwait places bonds and related Tawarruq papers totaling KWD240 million (US$795.08 million)
MALAYSIA: Bank Negara Malaysia issues three Shariah papers
MALAYSIA: BGMC Bras Power prints RM4 million (US$971,323) unrated Islamic medium-term note
TURKEY: Albaraka Turk Katilim Bankasi makes return payments to holders of TRY50 million (US$6.16 million) lease certificates
IRAN: Blockchain-based platform Kuknos secures crowdfunding license from Iran Fara Bourse
US: Bank of America acquires 4.9% shareholding in Greater Pacific Bancshares
KUWAIT: Agility Public Warehousing Company concludes Islamic–conventional financing agreements worth a total US$1.43 billion
GLOBAL: BIBD Asset Management signs MoU with Lombard Odier Investment Managers to introduce World Brands Global Islamic Equities strategy
GLOBAL: International Islamic Fiqh Academy supports Zakat fund initiative of United Nations High Commissioner for Refugees
INDONESIA: Bank Indonesia partners with Ministry of Finance and Financial Services Authority to encourage development of repo transactions
ALGERIA: Banque de l’Agriculture et du Developpement Rural SPA hosts open house to market Islamic financial products
SAUDI ARABIA: Saudi Real Estate Refinance Company prepares to issue international Sukuk worth up to US$1 billion before end of 2021
SAUDI ARABIA: Jadwa Investment and Saudi Ministry of Human Resources and Social Affairs to support non-profit sector with two new Islamic investment funds
SAUDI ARABIA: Walaa Cooperative Insurance Company’s agreement with Saudi Arabian Oil Company exceeds 20% of total insurance premiums for 2020
SINGAPORE: Islamic Corporation for the Insurance of Investment and Export Credit planning to set up office in Singapore to serve regional demand and needs
MALAYSIA: Munich Re Syndicate Labuan launches re-Takaful window
GLOBAL: Dr Mohammed Ishaq Ali joins IFN as new correspondent for equity capital market sector
ETHIOPIA: Bank of Abyssinia signs partnership agreement with Path Solutions to onboard iMAL Islamic banking solutions
UAE: Dubai Financial Services Authority admits Dubai Islamic Bank’s US$500 million additional Tier 1 capital certificates to official list of securities
TURKEY: Ministry of Treasury and Finance of Turkey to issue Turkish lira-denominated CPI-indexed lease certificates
MALAYSIA: Toyota Capital Malaysia sells RM45 million (US$10.9 million) Islamic medium-term note with a profit rate of 3.6%
MALAYSIA: Paramount Capital Resources to partially redeem Sukuk Murabahah paper early
MALAYSIA: LBS Bina Holdings to partially early redeem outstanding Sukuk Murabahah papers
MALAYSIA: Bank Negara Malaysia issues three Islamic liquidity management tools