IFN Weekly Round-up: 29th December 2023–5th January 2024
Friday, 05 Jan 2024 | Volume21.Issue02
ReportsAUSTRALIA: Hejaz Group partners with mortgage and finance broking aggregator LMG, Mortgage Professional Australia reports
GLOBAL: Seedflex Technologies launches Shariah compliant digital financing solution in Malaysia, Fintech News Malaysia reports
US: The Children’s Place secures US$90 million Shariah compliant financing facility from Saudi firm Mithaq Capital
UAE: Emirates Islamic concludes debut US$500 million syndicated financing facility
GLOBAL: Prof Mehmet Asutay wins first place for 2024 Islamic Development Bank Prize for Impactful Achievement in Islamic Economics
PHILIPPINES: Maybank Philippines and unnamed foreign company to establish Islamic banking operations in Philippines
MALAYSIA: OCK Group proposes Islamic commercial papers program worth RM500 million (US$104.33 million)
MALAYSIA: Bursa Carbon Exchange to host inaugural renewable energy certificates auction on 25th June 2024
UAE: Abu Dhabi Islamic Bank denies interest in acquiring stake in Bank Syariah Indonesia
MALAYSIA: Bank Negara Malaysia prints Islamic facilities worth RM16.89 billion (US$3.52 billion) in total
MALAYSIA: Genting Plantations’s funding conduit registers RM2 billion (US$417.33 million) Sukuk program with Securities Commission Malaysia
QATAR: Qatar Islamic Bank records net profit of QAR955.14 million (US$261.63 million) for Q1 2024
MALAYSIA: Public Sector Home Financing Board prints Sukuk worth RM3.25 billion (US$677.78 million) in total
INDONESIA: Adira Finance to publicly offer Sukuk Mudarabah worth IDR400 billion (US$24.61 million), Bisnis.com reports
GLOBAL: Indonesia’s Badan Pengelola Keuangan Haji confirms support for IFN Investor Middle East Forum 2024
TURKIYE: Kuveyt Turk Katilim Bankasi auctions two Islamic papers worth TRY660 million (US$20.29 million) in total
SAUDI ARABIA: National Building and Marketing Company renews Shariah compliant financing worth SAR85 million (US$22.64 million)
MALAYSIA: Setia Alamsari launches Islamic paper worth RM12 million (US$2.5 million)
MALAYSIA: Qiradh Capital issues two Islamic medium-term notes worth RM37 million (US$7.72 million) in total
SAUDI ARABIA: Capital Market Authority of Saudi Arabia approves SEDCO Capital Multi Asset Traded Fund offering
UZBEKISTAN: IsDB provides financial support for Uzbekistan’s Integrated Rural Development Project Phase II worth US$293.5 million
SAUDI ARABIA: IsDB Group to hold Private Sector Forum 2024 in Riyadh from 28th to 30th April 2024
GLOBAL: Fitch Ratings expects global Sukuk growth for the rest of 2024
GLOBAL: Codebase Technologies launches Digibanc SME Financing platform
SAUDI ARABIA: NEOM mulls riyal-denominated Sukuk worth up to SAR5 billion (US$1.33 billion), Bloomberg reports
MALAYSIA: Bank Negara Malaysia issues Islamic facility worth RM13.57 billion (US$2.83 billion)
SAUDI ARABIA: Saudi Capital Market Authority grants approval to Jana Financial Company to carry out a fintech experiment
EGYPT: Faisal Islamic Bank of Egypt’s net profit after tax for Q1 2024 reaches EGP6 billion (US$123.78 million)
SAUDI ARABIA: Ladun Investment Company’s board of directors grants approval to sign credit facility agreement worth SAR573 million (US$152.65 million)
PAKISTAN: Dubai Islamic Bank, ARY Services and MAK Global Consulting sign MoU to launch RAAST P2M services in Pakistan
BANGLADESH: Bangladesh Bank receives bid amounting to BDT4.97 billion (US$44.73 million) for Islamic Banks Liquidity Facility
KAZAKHSTAN: IFN announces new correspondent for Kazakhstan
TURKIYE: Turkish government issues fixed rent rate lease certificate worth TRY5.68 billion (US$174.98 million)
QATAR: Qatar Central Bank auctions treasury bills and Sukuk with bids amounting to QAR13.95 billion (US$3.77 billion)
KUWAIT: Central Bank of Kuwait issues bonds and related Tawarruq facilities valued at KWD240 million (US$776.98 million)
GAMBIA: Central Bank of The Gambia auctions Sukuk Salam worth GMD62.98 million (US$926,178) in total
MALAYSIA: Bank Negara Malaysia issues Islamic facility worth RM14.43 billion (US$3.01 billion)
UK: Wahed Invest introduces new Shariah compliant personal pension scheme
OMAN: Takaful Oman’s net profit for period ending 31st March 2024 drops to OMR178,717 (US$462,977)
OMAN: Bank Nizwa records net profit of OMR3.87 million (US$10.01 million) for period ending 31st March 2024
OMAN: Bank Muscat’s net interest income and Islamic financing income increases to OMR95.45 million (US$247.27 million) for Q1 2024
OMAN: Al Madina Takaful’s net profit for period ending on 31st March 2024 reaches OMR492,489 (US$1.28 million)
PAKISTAN: State Bank of Pakistan’s Shariah compliant liquidity injection sees PKR270 billion (US$969.52 million) offered and accepted
MALAYSIA: Permodalan Nasional appoints Abdul Rahman Ahmad as president and group CEO
UK: SC Ventures’s sustainable finance platform Shoal partners with Islamic fintech company Algbra
KUWAIT: Capital Markets Authority renews license of Shariah compliant Watani USD Money Market Fund
SAUDI ARABIA: Saudi Capital Market Authority grants license to Fisher Investments Arabia Company
MALAYSIA: Bank Negara Malaysia issues policy document on electronic know-your-customer
ETHIOPIA: IsDB Institute delivers Islamic banking capacity-building program for Ethiopian banking sector
TURKIYE: Albaraka Turk Participation Bank launches Sukuk worth TRY500 million (US$15.42 million)
Friday, 05 Jan 2024 | Volume21.Issue02
ReportsWednesday, 03 Jan 2024 | Volume21.Issue02
News BriefsTuesday, 28 Nov 2023 | Volume20.Issue48
ResultsWednesday, 20 Sep 2023 | Volume20.Issue39
News BriefsTuesday, 23 May 2023 | Volume20.Issue21
Case StudiesTuesday, 11 Apr 2023 | Volume20.Issue15
News BriefsTuesday, 17 Jan 2023 | Volume20.Issue03
Cover StoryMonday, 07 Nov 2022 | Volume19.Issue45
News BriefsWednesday, 05 Oct 2022 | Volume19.Issue41
News BriefsMonday, 26 Sep 2022 | Volume19.Issue39
News BriefsFriday, 22 Jul 2022 | Volume19.Issue30
News BriefsTuesday, 05 Jul 2022 | Volume19.Issue27
News BriefsFriday, 29 Apr 2022 | Volume19.Issue18
Cover StoryThursday, 21 Apr 2022 | Volume19.Issue17
News BriefsThursday, 21 Apr 2022 | Volume19.Issue17
DealsTuesday, 18 Jan 2022 | Awards Report 2021
Cover StoryFriday, 10 Dec 2021 | Volume18.Issue50
News BriefsTuesday, 09 Nov 2021 | Volume18.Issue45
Special ReportsTuesday, 02 Nov 2021 | Volume18.Issue44
Special ReportsMonday, 30 Aug 2021 | Volume18.Issue35
Cover StoryThursday, 03 Jun 2021 | Volume18.Issue23
ReportsMonday, 19 Apr 2021 | Volume18.Issue16
News BriefsWednesday, 03 Mar 2021 | Volume18.Issue10
News BriefsTuesday, 23 Feb 2021 | Volume18.Issue08
News BriefsTuesday, 12 Jan 2021 | Volume18.Issue02
Fund FocusTuesday, 15 Dec 2020 | Volume17.Issue50
Special ReportsWednesday, 04 Nov 2020 | Volume17.Issue45
Correspondent ReportsTuesday, 03 Nov 2020 | Volume17.Issue44
Special ReportsTuesday, 08 Sep 2020 | Volume17.Issue36
Special ReportsWednesday, 12 Aug 2020 | Volume17.Issue33
ReportsFriday, 07 Aug 2020 | Volume17.Issue32
News BriefsTuesday, 30 Jun 2020 | IFN HF Volume5.Issue3
Cover StoryThursday, 16 Jan 2020 | Volume17.Issue03
TakafulTuesday, 16 Jul 2019 | Volume16.Issue28
News BriefsTuesday, 04 Jun 2019 | Volume16.Issue23
News BriefsFriday, 01 Mar 2019 | Volume16.Issue09
News BriefsTuesday, 15 Jan 2019 | Volume16.Issue02
Cover StoryTuesday, 15 Jan 2019 | Volume16.Issue02
Special ReportsFriday, 04 Jan 2019 | Volume16.Issue01
News BriefsThursday, 15 Nov 2018 | Volume15.Issue47
MovesTuesday, 13 Nov 2018 | Volume15.Issue46
Editor`s NotesTuesday, 13 Nov 2018 | Volume15.Issue46
Special ReportsMonday, 15 Oct 2018 | Volume15.Issue42
Case StudiesMonday, 10 Sep 2018 | Volume15.Issue37
News BriefsWednesday, 15 Aug 2018 | Volume15.Issue34
News BriefsMonday, 06 Aug 2018 | Volume15.Issue32
News BriefsThursday, 02 Aug 2018 | Volume15.Issue32
DealsTuesday, 17 Jul 2018 | Volume15.Issue29
Case StudiesFriday, 01 Jun 2018 | IFNC Volume3.Issue4
ReportsTuesday, 22 May 2018 | Volume15.Issue21
Features