IFN Weekly Market Roundup: 18th February – 24th February 2017
Friday, 24 Feb 2017 | Volume14.Issue09
ReportsUAE: Wahed Invest secures permit from Abu Dhabi Global Market; launches in UAE
UAE: FSRA of Abu Dhabi Global Market grants eToro financial services permission to function as a broker
MALAYSIA: Employees Provident Fund to separate Shariah and conventional savings assets, starting from 1st January 2024
MALAYSIA: Bursa Malaysia partners with UN Global Compact Network Malaysia & Brunei to explore sustainability-focused capability
SAUDI ARABIA: Abdulrahman Mohammed Aldokheel resigns as CEO of Buruj Cooperative Insurance Company
UAE: Mashreq Bank to establish US$2.5 billion Sukuk program
MALAYSIA: Bank Negara Malaysia issues Islamic facilities worth RM27.58 billion (US$5.89 billion) in total
SAUDI ARABIA: Gulf International Bank partners with Eayni Recycling Association Cooperative to manage bank’s waste recycling
ALGERIA: CNEP Banque opens 11 Islamic finance branches across Algeria, Algeria Press Service reports
IRAN: China to invest US$2 billion in Iran for second phase of construction of Imam Khomeini International Airport, IRNA reports
SAUDI ARABIA: Abdulwahab Abdulkarim Albetari resigns as Osool & Bakheet Investment Company’s chairman
MALAYSIA: Malaysia is largest Sukuk market with 35% of global outstanding Sukuk, says chairman of Securities Commission Malaysia
INDONESIA: Indonesia’s Financial Services Authority issues 2023–27 roadmap for Shariah banking
SAUDI ARABIA: Al Rajhi Bank appoints Sulaiman Al Rajhi as chairman, Ibrahim Mohammed Al Romaih as vice-chairman
PHILIPPINES: Filipino government mandates banks for inaugural benchmark-sized US dollar Sukuk issuance
EGYPT: GB Capital’s financial portfolio surpasses EGP9.5 billion (US$308.01 million); to establish new securitization company, Daily News Egypt reports
UAE: Sharjah Islamic Bank launches ‘Zoud’ banking privileges package for employees of government of Sharjah
SAUDI ARABIA: IsDB Institute delivers knowledge-sharing sessions on socioeconomic development
IRAN: Iran’s foreign investment hits US$9.2 billion in two years, IRNA reports
MALAYSIA: Toyota Capital issues Islamic medium-term note worth RM150 million (US$32.01 million)
MALAYSIA: Sunway Treasury Sukuk sells Islamic commercial papers worth RM255 million (US$54.41 million) in total
MALAYSIA: Gabungan AQRS launches Sukuk worth RM10 million (US$2.13 million)
MALAYSIA: Cagamas issues Islamic commercial paper worth RM100 million (US$21.34 million)
BANGLADESH: Advanced Chemical Industries plans to raise BDT6 billion (US$53.87 million) through Sukuk issuances, The Business Standard reports
GLOBAL: AAOIFI Accounting Board releases draft on participatory ventures
SAUDI ARABIA: Waja Company signs Shariah compliant facility agreement with Saudi Fransi Bank worth SAR5 million (US$1.33 million)
GLOBAL: Arab Africa Trade Bridges Program signs two agreements
INDONESIA: Otoritas Jasa Keuangan and four fintech associations issue code of ethics guide for artificial intelligence
EGYPT: Volume of Sukuk issuances in Egyptian market reaches EGP60 billion (US$1.94 billion) in September 2023
MALAYSIA: Bank Negara Malaysia issues Islamic facilities worth RM28.57 billion (US$6.1 billion) in total
BRUNEI: Brunei Darussalam Central Bank prices 148th and 149th issuances of Islamic treasury bills
KUWAIT: Central Bank of Kuwait gives approval for Kuwait Finance House to continue the purchase, sale, or disposal of its own shares up to 10%
OMAN: Imam Jabir bin Zaid Endowment Foundation launches Oman’s first listed endowment fund on Muscat Stock Exchange
MALAYSIA: Telecommunications company OCK Group issues Islamic medium-term notes worth RM400 million (US$85.39 million) in total
MALAYSIA: Cagamas issues Islamic commercial paper worth RM100 million (US$21.35 million)
MALAYSIA: DRB-HICOM records net income of RM231.49 million (US$49.41 million) for nine months ending 30th September 2023
UAE: Investcorp Capital records net profit of US$13 million for period of 1st July 2023 to 30th September 2023
UAE: Emirates REIT records net profit of AED340 million (US$92.57 million) for nine-month period ending 30th September 2023
INDONESIA: Masaru Fortuna Komunika registers Sukuk worth IDR1.9 billion (US$121,529) on Indonesia Central Securities Depository
INDONESIA: Armadian Tritunggal issues Sukuk Mudarabah worth IDR2 trillion (US$128.1 million)
SAUDI ARABIA: Saudi Fransi Capital distributes cash dividend of 3% to unitholders of Bonyan REIT Fund
SAUDI ARABIA: Keir International secures Shariah compliant banking facilities worth SAR99.08 million (US$26.4 million) from Saudi Awwal Bank
MALAYSIA: Wira Pertiwi lodges Islamic medium-term note program worth up to RM100 million (US$21.35 million)
MALAYSIA: Bank Negara Malaysia issues Islamic facilities worth RM29.69 billion (US$6.34 billion) in total
KENYA: Standard Investment Bank launches new Islamic investment banking division SIB Najah
UAE: Abu Dhabi Global Market partners with Advanced Real Estate Services to create advanced digital real estate platform
INDONESIA: Otoritas Jasa Keuangan issues circular regarding electronic applications for licensing, approval and reporting for financing companies, including Islamic ones
INDONESIA: Securities crowdfunding platform Bizhare secures additional funding, Bisnis.com reports
GLOBAL: AAOIFI issues Governance Standard 17
NIGERIA: Jaiz Bank appoints Haruna Musa as CEO and managing director
Displaying 1 - 6 of 6
Friday, 24 Feb 2017 | Volume14.Issue09
ReportsMonday, 20 Feb 2017 | Volume14.Issue08
MovesWednesday, 03 Aug 2016 | Volume13.Issue31
InterviewsWednesday, 07 Oct 2015 | Volume12.Issue41
Case StudiesWednesday, 07 Jan 2015 | Volume12.Issue01
Cover StoryFriday, 30 May 2008 | Volume5.Issue21
Interviews