Unauthorized agency in Islamic finance
Tuesday, 05 Jul 2022 | Volume19.Issue27
FeaturesALGERIA: AOM Invest to be the first to issue Sukuk under Algeria’s yet-to-be approved procedure allowing investment funds to issue Sukuk
GLOBAL: SHUAA consolidates real estate investment and asset management businesses as part of UK’s Northacre’s global expansion plan
GLOBAL: Global Sukuk offerings declined by over 20% in first half of 2022; S&P revises projection to US$130 billion
MALAYSIA: Country View Resources secures additional financing from RHB Islamic Bank totaling RM48 million (US$10.87 million)
UK: DND Finance launches Shariah compliant Score Mastercard
PAKISTAN: State Bank of Pakistan rejects bids for Mudarabah-based reverse repo during open market operations on the 4th July 2022
INDONESIA: Indonesia issues Sukuk paper series SW002 worth IDR50 billion (US$3.33 million)
UAE: Dar Al Takaful completes legal procedures for merger with Watania
PAKISTAN: State Bank of Pakistan adopts four AAOIFI Shariah standards in line with 3rd Strategic Plan for Islamic Banking Industry 2021–25
OMAN: Central Bank of Oman’s High Shari’a Supervisory Authority appoints Sulaiman Al Harthy as coordinator (secretary)
MALAYSIA: Securities Commission Malaysia issues guidance note on managing ESG risks for fund management companies
INDONESIA: Indonesia pushing for Waqf law updates to accommodate latest developments
MALAYSIA: Bursa Malaysia promotes Dr Ken Yeoh to senior vice-president of corporate governance and sustainability
MALAYSIA: Bank Negara Malaysia issues three short-term Islamic liquidity management papers totaling RM29.67 billion (US$6.72 billion)
MALAYSIA: Gas Malaysia Distribution sells RM220 million (US$49.84 million) Islamic commercial paper
GLOBAL: International Islamic Liquidity Management Corporation reissues three-tranche Sukuk paper worth US$830 million
MALAYSIA: Sunway Treasury Sukuk auctions unrated Islamic medium-term note worth RM160 million (US$36.24 million)
TURKEY: Ministry of Treasury and Finance of Turkey to issue Turkish lira-denominated lease certificates
MALAYSIA: Malaysian government to extend Shariah compliant myezycover.com vehicle insurance scheme to outside civil service
BAHRAIN: Al Salam Bank signs definitive agreements with Ithmaar Holding to acquire group of assets from Ithmaar Holding’s group of companies
UK: Primary Finance opens third investment window for those wanting to apply for Shariah compliant savings account
UK: Nester completes GBP1.2 million (US$1.45 million) bridge financing
OMAN: Oman lists sixth sovereign Sukuk paper worth OMR150 million (US$388.41 million) on Muscat Stock Exchange
PAKISTAN: Hilal Invest partners with AKD Investment Management to offer Islamic investment products
SAUDI ARABIA: Allianz Saudi Fransi Cooperative Insurance Co signs insurance coverage agreement with Banque Saudi Fransi
SAUDI ARABIA: Riyad Bank signs bancassurance distribution agreement with Al Alamiya for Cooperative Insurance Company
KUWAIT: Kuwait Finance House receives Competition Protection Agency’s approval on potential acquisition of Ahli United Bank; Ahli United Bank not party to discussions
MALAYSIA: IOUpay names Wan Ahmad as non-executive board chairman amid move toward Shariah compliance
KUWAIT: Warba Bank names Hussam Sulieman Mustafa and Abdullah Mahmoud AlLanqawi as chief internal auditor and chief treasury officer respectively
SAUDI ARABIA: Saudi king appoints new deputy governors for investment and research as well as control and technology portfolios
MALAYSIA: Securities Commission Malaysia names four senior appointments including Azalina Adham as executive director of business group strategy and policy
GLOBAL: Qatar First Bank acquires Gateway Plaza building in the US
PAKISTAN: State Bank of Pakistan appoints Tariq Naseem as head of Islamic Finance Department
MALAYSIA: Bank Rakyat appoints Dr Mohammad Hanis Osman as new CEO
MALAYSIA: Takaful Ikhlas Family signs MoU with Majlis Agama Islam Negeri Sembilan to support social finance initiatives
BANGLADESH: CSE Shariah Index revised to include 12 new companies and exclude 11 companies effective the 17th July 2022
EGYPT: Abd ElRahman Saad joins Abu Dhabi Islamic Bank–Egypt as business development assistant manager of e-payments
MALAYSIA: Malaysia’s first peer-to-peer asset-based financing platform Capsphere receives Shariah certification
MALAYSIA: Malaysia issues RM2.5 billion (US$566.93 million) Malaysian Islamic Treasury Bill
MALAYSIA: Ihsan Sukuk fully utilizes RM100 million (US$22.68 million) SRI Sukuk to fund Yayasan AMIR’s Trust School Programme for 2016
NIGERIA: National Insurance Commission of Nigeria revokes certificates of registration of Niger Insurance and Standard Alliance Insurance
UAE: Dubai International Financial Centre selects Tarabut Gateway as technical platform partner for Open Finance Lab
UAE: Dubai Financial Services Authority imposes restriction on Trevor Conway “to protect the integrity of Islamic finance” following investigation of misconduct
GLOBAL: Saudi buy-now-pay-later platform Tamara expands into the UAE
GLOBAL: Gulf Islamic Investments acquires majority stake in UK Shariah compliant bridge financier OFFA
MALAYSIA: Bank Negara Malaysia issues policy document on bancaTakaful and bancassurance
MOROCCO: La Marocaine Vie launches Al Maghribia Takaful to offer Takaful products in Morocco
KUWAIT: Warba Bank and Boubyan Bank each submit applications to establish digital bank under Central Bank of Kuwait umbrella
UK: Gatehouse Bank launches savings app to support customers in managing personal savings accounts
MALAYSIA: Joint Committee on Climate Change releases Task Force on Climate-related Financial Disclosures application guide
Tuesday, 05 Jul 2022 | Volume19.Issue27
FeaturesTuesday, 28 Jun 2022 | Volume19.Issue26
Cover StoryMonday, 30 May 2022 | Volume19.Issue22
News BriefsMonday, 30 May 2022 | Volume19.Issue22
News BriefsTuesday, 18 Jan 2022 | Awards Report 2021
Cover StoryThursday, 13 Jan 2022 | IFN Annual Guide 2022
FeaturesThursday, 13 Jan 2022 | IFN Annual Guide 2022
FeaturesMonday, 03 Jan 2022 | Volume19.Issue01
IFN ReportsMonday, 27 Dec 2021 | Volume19.Issue01
News BriefsTuesday, 07 Dec 2021 | Volume18.Issue49
IFN ReportsFriday, 26 Nov 2021 | Volume18.Issue48
News BriefsTuesday, 16 Nov 2021 | Volume18.Issue46
IFN AnalysisThursday, 28 Oct 2021 | Volume18.Issue44
News BriefsTuesday, 05 Oct 2021 | Volume18.Issue40
FeaturesTuesday, 03 Aug 2021 | Volume18.Issue31
FeaturesMonday, 12 Jul 2021 | Volume18.Issue28
News BriefsTuesday, 06 Jul 2021 | Volume18.Issue27
News BriefsTuesday, 22 Jun 2021 | Volume18.Issue25
IFN ReportsTuesday, 22 Jun 2021 | Volume18.Issue25
Special ReportsThursday, 03 Jun 2021 | Volume18.Issue23
MovesTuesday, 04 May 2021 | Volume18.Issue18
IFN Correspondent ReportsTuesday, 06 Apr 2021 | Volume18.Issue14
IFN ReportsTuesday, 30 Mar 2021 | Volume18.Issue13
IFN ReportsTuesday, 23 Feb 2021 | Volume18.Issue08
FeaturesTuesday, 22 Dec 2020 | IFN Annual Guide 2021
FeaturesWednesday, 02 Dec 2020 | Volume17.Issue49
IFN Correspondent ReportsFriday, 27 Nov 2020 | Volume17.Issue48
News BriefsWednesday, 25 Nov 2020 | Volume17.Issue48
IFN Correspondent ReportsTuesday, 24 Nov 2020 | Volume17.Issue47
FeaturesTuesday, 17 Nov 2020 | Volume17.Issue46
IFN AnalysisTuesday, 03 Nov 2020 | Volume17.Issue44
IFN Correspondent ReportsTuesday, 27 Oct 2020 | Volume17.Issue43
IFN AnalysisTuesday, 15 Sep 2020 | Volume17.Issue37
Special ReportsTuesday, 04 Aug 2020 | Volume17.Issue31
IFN AnalysisThursday, 30 Jul 2020 | Volume17.Issue31
IFN Correspondent ReportsTuesday, 21 Jul 2020 | Volume17.Issue29
IFN AnalysisWednesday, 15 Jul 2020 | Volume17.Issue29
IFN Correspondent ReportsFriday, 10 Jul 2020 | Volume17.Issue28
IFN ReportsWednesday, 08 Jul 2020 | Volume17.Issue28
News BriefsTuesday, 16 Jun 2020 | Volume17.Issue24
IFN AnalysisFriday, 22 May 2020 | Volume17.Issue21
IFN ReportsWednesday, 20 May 2020 | Volume17.Issue21
News BriefsWednesday, 06 May 2020 | IFN Annual Guide 2020
FeaturesMonday, 09 Mar 2020 | Volume17.Issue10
IFN Correspondent ReportsTuesday, 25 Feb 2020 | Volume17.Issue08
Special ReportsFriday, 07 Feb 2020 | Volume17.Issue06
Shariah PronouncementTuesday, 04 Feb 2020 | Volume17.Issue05
Special ReportsMonday, 13 Jan 2020 | Volume17.Issue02
IFN Correspondent ReportsTuesday, 03 Dec 2019 | Volume16.Issue48
Shariah PronouncementTuesday, 03 Dec 2019 | Volume16.Issue48
Cover Story