Summer of GCC bank mergers — A look at Saudi Arabia
Tuesday, 06 Aug 2019 | Volume16.Issue31
FeaturesMALAYSIA: Encorp Systembilt’s Sukuk Murabahah facility receives affirmed rating of ‘AA1/Stable’ from RAM
MALAYSIA: FTSE Bursa Malaysia Hijrah Shariah Index experiences four constituent changes upon semi-annual review of FTSE Bursa Malaysia Index Series
EGYPT: Shariah compliant consumer finance solution Takka officially launches in Egypt
EGYPT: Faisal Islamic Bank records highest growth rate among Egyptian Islamic banks at 31.1% for financial year ended March 2023
MEXICO: Mexico begins exploratory discussions on Sukuk issuance to tap new investors, says deputy finance minister
ZAMBIA: Zambia Electricity Supply Corporation mulls 10-year Sukuk issuance to finance hydroelectricity and renewable energy projects
MALAYSIA: Alpha Circle announces insufficient funds in designated account to repay principal payment of Sukuk
MALAYSIA: Takaful Malaysia posts 22% jump in net profit to RM93.9 million (US$20.34 million) for Q1 2023
GLOBAL: IsDB Group holds meeting with King Abdullah University of Science and Technology to discuss sustainable solutions
SAUDI ARABIA: Saudi AZM for Communications and Information Technology Company renews Shariah compliant banking facilities agreement with Banque Saudi Fransi
MALAYSIA: Permodalan Nasional appoints Raja Arshad Raja Tun Uda as group chairman
MALAYSIA: AFFIN Group appoints Nurjesmi Mohd Nashir as CEO of AFFIN Hwang Investment Bank
UAE: MAF Sukuk’s US$500 million Sukuk facility receives admission to official list of securities of Dubai Financial Services Authority and to trading on NASDAQ Dubai
MALAYSIA: Lebuhraya Kajang Seremban seeks consent to further modify maturity date of redeemable convertible secured Islamic debt securities
MALAYSIA: Gamuda Land (T12) issues Sukuk Murabahah worth RM100 million (US$21.66 million) with a one-month tenor
MALAYSIA: Cagamas concludes aggregate issuances of conventional and Islamic papers worth RM3.42 billion (US$740.89 million) equivalent in total
SAUDI ARABIA: Saudi Enaya Cooperative Insurance Company signs binding merger agreement with United Cooperative Assurance Company
SAUDI ARABIA: Amana Cooperative Insurance Co receives final approval from Saudi Central Bank for motor comprehensive insurance product
PAKISTAN: Silkbank to undergo due diligence following request from MCB Bank for potential acquisition
MALAYSIA: Bank Negara Malaysia issues Islamic facilities worth RM32.7 billion (US$7.08 billion) in total
BRUNEI: Brunei Darussalam Central Bank prices 123rd issuance of Islamic treasury bills worth BN$50 million (US$37.03 million)
SAUDI ARABIA: The Company for Cooperative Insurance secures contract worth SAR999.18 million (US$266.16 million) from Ministry of Foreign Affairs
SAUDI ARABIA: Alinma Tokio Marine Company receives Shariah certification from internal Shariah committee
SAUDI ARABIA: The Company for Cooperative Insurance appoints Abdulaziz Ibrahim Alnowaiser as non-executive chairman for new term of three years
PAKISTAN: MCB Bank receives in-principle approval to conduct due diligence on Silkbank
UAE: Abu Dhabi National Energy Company and partners announce financial closing of AED2.3 billion (US$626.09 million) low-carbon desalination project
SAUDI ARABIA: SHL Finance Company to distribute cash dividend worth a total of SAR50 million (US$13.32 million) for 2022
UAE: National Bonds Corporation partners with Etihad Energy Services Company to implement sustainable green transformation for seven buildings
GLOBAL: IFSB disseminates Prudential and Structural Islamic Financial Indicators data from Q4 2013 to Q4 2022
UAE: Shahab Lutfi Harmoozi resigns from his position in Dar Al Takaful’s board of directors
MALAYSIA: Tomei Gold & Jewellery Holdings issues Islamic medium-term notes worth RM42 million (US$9.09 million) in total
MALDIVES: EyeCare Maldives to issue Sukuk with First National Finance Corporation as lead manager, Corporate Maldives reports
INDONESIA: Indonesian Waqf Board signs MoU with Padjajaran University to manage IDR50 billion (US$3.33 million)-worth of education endowment funds in cash Waqf Sukuk
MALAYSIA: Bank Negara Malaysia issues Islamic facility worth RM24.4 billion (US$5.28 billion)
SAUDI ARABIA: Bank Aljazira to establish riyal-denominated Tier 1 Sukuk issuance program of up to SAR5 billion (US$1.33 billion)
BAHRAIN: GFH Financial Group signs strategic partnership with Future Investment Initiative Institute to engage in strategic activities in key areas
IRAQ: Moody’s assigns first-time ratings of ‘Caa2/NP’ to National Islamic Bank
MALAYSIA: MARC Ratings affirms ‘AA-IS’ rating on Konsortium KAJV’s RM1 billion (US$216.55 million) Sukuk Wakalah program
SAUDI ARABIA: Saudi Central Bank grants permits to three fintech firms to test open banking solutions in regulatory sandbox
UAE: Central Bank of the UAE issues new guidance on anti-money laundering and combating financing of terrorism for licensed financial institutions
MALAYSIA: Bank Negara Malaysia issues updated policy document on risk management in technology
SAUDI ARABIA: Saudi Top Trading Company secures Murabahah financing facility worth SAR10 million (US$2.66 million) from Saudi Export-Import Bank
SAUDI ARABIA: Saudi Central Bank grants Buy Now Pay Later permits to fintech firms Spotii and Madfu
GLOBAL: AAOIFI’s Accounting Board approves in principle exposure draft of financial accounting standard for institutions in hyperinflationary economies
SAUDI ARABIA: First Milling Company to raise up to SAR999 million (US$266.13 million) from upcoming IPO
SAUDI ARABIA: Fitch assigns Banque Saudi Fransi’s trust certificate issuance program with ‘A-/F2’ senior unsecured ratings
MALAYSIA: Sunway Healthcare Treasury issues Islamic medium-term note worth RM1 million (US$217,036) with one-year tenor
INDONESIA: State-owned Pegadaian to raise IDR2 trillion (US$133.49 million) through Sukuk and obligation issuances, local media report
MALAYSIA: Bank Negara Malaysia issues Islamic facilities worth RM22.74 billion (US$4.94 billion) in total
SAUDI ARABIA: Saudi Real Estate Refinance Company completes Sukuk issuance worth SAR3.5 billion (US$932.4 million)
Tuesday, 06 Aug 2019 | Volume16.Issue31
FeaturesTuesday, 16 Apr 2019 | Volume16.Issue15
Cover StoryTuesday, 27 Nov 2018 | Volume15.Issue48
FeaturesWednesday, 22 Mar 2017 | Special Awards Report 2017
IFN AwardsWednesday, 22 Mar 2017 | Special Awards Report 2017
IFN AwardsTuesday, 14 Feb 2017 | Volume14.Issue07
MovesWednesday, 11 Jan 2017 | Volume14.Issue02
Cover StoryMonday, 28 Nov 2016 | Volume13.Issue48
MovesFriday, 25 Nov 2016 | Volume13.Issue48
News BriefsWednesday, 09 Nov 2016 | Volume13.Issue46
News BriefsTuesday, 18 Oct 2016 | Volume13.Issue42
ResultsMonday, 17 Oct 2016 | Volume13.Issue42
News BriefsFriday, 14 Oct 2016 | Volume13.Issue42
IFN ReportsThursday, 13 Oct 2016 | Volume13.Issue42
News BriefsThursday, 13 Oct 2016 | Volume13.Issue42
MovesFriday, 30 Sep 2016 | Volume13.Issue40
IFN ReportsThursday, 29 Sep 2016 | Volume13.Issue40
MovesThursday, 22 Sep 2016 | Volume13.Issue39
Rating UpdatesMonday, 05 Sep 2016 | Volume13.Issue36
IFN ReportsFriday, 26 Aug 2016 | Volume13.Issue35
IFN ReportsMonday, 22 Aug 2016 | Volume13.Issue34
News BriefsWednesday, 20 Jul 2016 | Volume13.Issue30
ResultsThursday, 21 Apr 2016 | Volume13.Issue17
Rating UpdatesWednesday, 20 Apr 2016 | Volume13.Issue16
IFN ReportsFriday, 15 Apr 2016 | Volume13.Issue16
ResultsFriday, 25 Mar 2016 | Volume13.Issue13
News BriefsWednesday, 16 Mar 2016 | Volume13.Issue11
IFN AnalysisWednesday, 27 Jan 2016 | Volume13.Issue04
IFN AnalysisMonday, 18 Jan 2016 | IFNC Volume1.Issue01
News BriefsTuesday, 05 Jan 2016 | Volume13.Issue01
News BriefsWednesday, 26 Aug 2015 | Volume12.Issue34
IFN AnalysisMonday, 17 Aug 2015 | Volume12.Issue33
News BriefsMonday, 10 Aug 2015 | Volume12.Issue32
News BriefsMonday, 13 Jul 2015 | Volume12.Issue28
ResultsMonday, 22 Jun 2015 | Volume12.Issue25
Rating UpdatesFriday, 20 Mar 2015 | Volume12.Issue12
MovesWednesday, 11 Mar 2015 | Volume12.Issue10
Industry MovesThursday, 12 Feb 2015 | Volume12.Issue07
Takaful NewsTuesday, 13 Jan 2015 | Volume12.Issue02
News BriefsThursday, 18 Dec 2014 | Volume12.Issue01
News BriefsTuesday, 02 Dec 2014 | Volume11.Issue48
Rating UpdatesWednesday, 22 Oct 2014 | Volume11.Issue42
IFN ReportsMonday, 20 Oct 2014 | Volume11.Issue42
News BriefsFriday, 17 Oct 2014 | Volume11.Issue42
News BriefsWednesday, 15 Oct 2014 | Volume11.Issue42
News BriefsTuesday, 14 Oct 2014 | Volume11.Issue41
IFN ReportsTuesday, 14 Oct 2014 | Volume11.Issue41
IFN ReportsTuesday, 30 Sep 2014 | Volume11.Issue39
IFN ReportsWednesday, 17 Sep 2014 | Volume11.Issue37
IFN AnalysisMonday, 07 Jul 2014 | Volume11.Issue27
News Briefs