IFN Weekly Round-up: 3rd – 9th April 2021
Friday, 09 Apr 2021 | Volume18.Issue15
IFN ReportsMALAYSIA: Infracap Resources secures final ‘AAA(s)/Stable’ rating for RM15 billion (US$3.63 billion) Sukuk Murabahah program
PAKISTAN: Meezan Bank to provide payment and collection services to Tufail Group through digital platform eBiz+
NIGERIA: TAJBank rolls out NQR payment platform powered by Nigeria Inter-Bank Settlement System to offer fast and instant payments
KENYA: Gulf African Bank partners with Toyotsu Auto Mart Kenya to offer Islamic vehicle financing
EGYPT: First Abu Dhabi Bank expects to complete Bank Audi Egypt acquisition by end of 2021; market share to hit up to 5% post-purchase
UAE: SHUAA Capital announces promotions of two senior executives
SAUDI ARABIA: Gulf Union Alahlia Cooperative Insurance Co appoints Mesheal Ibrahim Al Shayea as new CEO
SAUDI ARABIA: Saudi Enaya Cooperative Insurance Company receives regulatory approval on appointment of two new board members
MALAYSIA: Kenanga Investors debuts Kenanga Waqf Al-Ihsan Fund
PHILIPPINES: Al Amanah Islamic Investment Bank Director Miguel C Abaya passes away
INDONESIA: Bank Syariah Indonesia targets to distribute IDR2 trillion (US$136.57 million) through Housing Financing Liquidity Facility in 2021
UAE: National Takaful Company approves 7.5% dividend payment to shareholders for 2020
QATAR: Qatar Islamic Bank posts increase in net profit for first quarter of 2021
MALAYSIA: Bank Kerjasama Rakyat Malaysia declares 13% dividend for 2020 financial year
BAHRAIN: Al Salam Bank Bahrain launches newly revamped Danat Savings Scheme for 2021
UAE: Abu Dhabi Islamic Bank defers installment repayments on personal financing for one month during Ramadan
NIGERIA: National Hajj Commission of Nigeria and Jaiz Bank roll out Hajj Savings Scheme in Benue state
CAMEROON: International Islamic Trade Finance Corporation and Cameroonian government sign two agreements to support key sectors
MALAYSIA: AIA Public Takaful appoints Mahani Amat as board chairperson
BAHRAIN: Oil and Gas Holding Company issues US$600 million Sukuk with profit rate of 5.25%
MALAYSIA: Maybank Islamic completes early full redemption of Islamic commercial papers
TURKEY: Kuveyt Turk Katilim Bankasi sells lease certificates worth TRY200 million (US$24.54 million)
INDONESIA: Indonesia targets IDR10 trillion (US$682.84 million) in upcoming Sukuk auction
GLOBAL: International Islamic Liquidity Management Corporation reissues three-tranche short-term Sukuk paper totaling US$1.1 billion
GAMBIA: Central Bank of Gambia’s Sukuk Salam papers oversubscribed
MALAYSIA: Bank Negara Malaysia issues two Islamic liquidity management papers totaling RM18.15 billion (US$4.39 billion)
TUNISIA: Remaining near-term pressures land negative outlook on Wifak International Bank’s ‘BB-(tun)’ national long-term rating
MALAYSIA: Tulus partners with Touch ’n Go; to facilitate Zakat payments for nine states during Ramadan
PAKISTAN: Securities and Exchange Commission of Pakistan amends Murabahah Share Financing Regulations to add two new measures
SAUDI ARABIA: Filling & Packing Material MFG Co renews Islamic banking facility for working capital purposes
UAE: Emirates Development Bank to sign agreements with five partner banks to boost industrial sector
GLOBAL: HR outsourcing company Reach Group secures US$20 million in Islamic financing from NBK Capital Partner to facilitate regional expansion
UK: Norton Rose Fulbright to partner IFN UK Forum 2021
INDONESIA: Bank Mega Syariah launches M-Syariah mobile app
BURKINA FASO: Burkina Faso government partners with IsDB and Islamic Corporation for the Development of the Private Sector to support women entrepreneurs
LIBYA: Central Bank of Libya discusses strategy to develop electronic payment systems
TANZANIA: CRDB Bank to establish Islamic banking window
SAUDI ARABIA: Soren Nikolajsen resigns as non-executive board member of Wataniya Insurance Co
SAUDI ARABIA: Jadwa Investment announces development of new hotel tower to be completed by April 2022
MALAYSIA: No rating impact on Celcom Networks’s RM5 billion (US$1.21 billion) Sukuk Murabahah program
UAE: Abu Dhabi Global Market to set up ADGM Authority; Mark Nicholas Cutis to lead as CEO beginning June
TURKEY: Vakif Katilim Bankasi auctions lease certificates worth TRY550 million (US$67.15 million) to qualified investors
TURKEY: TF Varlik Kiralama makes return payments to holders of TRY450 million (US$54.94 million) 212-day lease certificates
MALAYSIA: MKD Kencana auctions three Islamic medium-term notes
MALAYSIA: Maybank Islamic prints two Islamic commercial papers totaling RM1 billion (US$241.71 million)
MALAYSIA: Maxis Broadband cancels RM650 million (US$157.11 million)-worth of Sukuk Murabahah under unrated Islamic medium-term note program
UAE: Dubai Islamic Bank hires banks for potential issuance of US dollar-denominated additional Tier 1 Sukuk paper
BAHRAIN: Central Bank of Bahrain’s Sukuk Salam offering worth BHD43 million (US$113.15 million) oversubscribed
MALAYSIA: Cagamas sells RM300 million (US$72.51 million) Islamic paper with a profit rate of 2%
MALAYSIA: Bank Negara Malaysia issues three Islamic papers
Friday, 09 Apr 2021 | Volume18.Issue15
IFN ReportsTuesday, 06 Apr 2021 | Volume18.Issue14
Daily Cover StoryTuesday, 06 Apr 2021 | Volume18.Issue14
News BriefsFriday, 02 Apr 2021 | Volume18.Issue14
News BriefsThursday, 01 Apr 2021 | Volume18.Issue14
IFN ReportsTuesday, 30 Mar 2021 | Volume18.Issue13
IFN ReportsMonday, 29 Mar 2021 | Volume18.Issue13
News BriefsThursday, 25 Mar 2021 | Volume18.Issue13
News BriefsMonday, 22 Mar 2021 | Volume18.Issue12
News BriefsTuesday, 23 Feb 2021 | Volume18.Issue08
IFN ReportsTuesday, 23 Feb 2021 | Volume18.Issue08
Case StudyFriday, 19 Feb 2021 | Volume18.Issue08
DealsWednesday, 17 Feb 2021 | Volume18.Issue08
News BriefsTuesday, 16 Feb 2021 | Volume18.Issue07
FeaturesThursday, 04 Feb 2021 | Volume18.Issue06
News BriefsTuesday, 19 Jan 2021 | Volume18.Issue03
Cover StoryMonday, 18 Jan 2021 | Volume18.Issue03
DealsWednesday, 13 Jan 2021 | Volume18.Issue03
IFN ReportsTuesday, 12 Jan 2021 | Volume18.Issue02
Cover StoryTuesday, 22 Dec 2020 | IFN Annual Guide 2021
FeaturesTuesday, 15 Dec 2020 | Volume17.Issue50
Special ReportsFriday, 11 Dec 2020 | Volume17.Issue50
MovesTuesday, 08 Dec 2020 | Volume17.Issue49
IFN AnalysisWednesday, 02 Dec 2020 | Volume17.Issue49
DealsTuesday, 01 Dec 2020 | Volume17.Issue48
Asset ManagementMonday, 30 Nov 2020 | Volume17.Issue48
IFN Correspondent ReportsTuesday, 17 Nov 2020 | Volume17.Issue46
Special ReportsFriday, 06 Nov 2020 | Volume17.Issue45
IFN ReportsTuesday, 03 Nov 2020 | Volume17.Issue44
IFN ReportsTuesday, 03 Nov 2020 | Volume17.Issue44
IFN AnalysisMonday, 02 Nov 2020 | Volume17.Issue44
DealsFriday, 30 Oct 2020 | Volume17.Issue44
IFN ReportsFriday, 30 Oct 2020 | Volume17.Issue44
News BriefsWednesday, 28 Oct 2020 | Volume17.Issue44
News BriefsMonday, 26 Oct 2020 | Volume17.Issue43
News BriefsFriday, 23 Oct 2020 | Volume17.Issue43
News BriefsMonday, 19 Oct 2020 | Volume17.Issue42
News BriefsTuesday, 13 Oct 2020 | Volume17.Issue41
IFN ReportsFriday, 09 Oct 2020 | Volume17.Issue41
IFN ReportsThursday, 08 Oct 2020 | Volume17.Issue41
IFN ReportsThursday, 08 Oct 2020 | Volume17.Issue41
IFN Correspondent ReportsWednesday, 07 Oct 2020 | Volume17.Issue41
DealsMonday, 05 Oct 2020 | Volume17.Issue40
News BriefsMonday, 28 Sep 2020 | Volume17.Issue39
IFN ReportsTuesday, 22 Sep 2020 | Volume17.Issue38
IFN ReportsMonday, 21 Sep 2020 | Volume17.Issue38
DealsMonday, 14 Sep 2020 | Volume17.Issue37
News BriefsTuesday, 08 Sep 2020 | Volume17.Issue36
IFN AnalysisTuesday, 08 Sep 2020 | Volume17.Issue36
News BriefsMonday, 07 Sep 2020 | Volume17.Issue36
IFN Reports