New Islamic market index
Wednesday, 10 Aug 2011 | Volume8.Issue31
News BriefsTransparent Value
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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 supports IFN UK Forum 2021 as partner
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
TURKEY: Albaraka Turk Katilim Bankasi makes return payments to holders of TRY230 million (US$28.12 million) lease certificates
PAKISTAN: Pakistani regulator gathering market feedback on rehauling REIT regulations
MALAYSIA: Malaysian Islamic Economic Development Foundation to assist entrepreneurs and Zakat beneficiaries with business training
INDONESIA: Integra Indocabinet issues two-tranche Sukuk Mudarabah totaling IDR150 billion (US$10.26 million)
GLOBAL: IsDB to contribute US$1 billion to support Pakistan’s gross external financing needs
MALAYSIA: Co-op Bank Pertama opens new stand-alone branch offering Ar-Rahnu product
PAKISTAN: Securities and Exchange Commission of Pakistan grants approval for Modaraba companies to extend housing finance facilities
MALAYSIA: KUB Malaysia to settle repayment of RM75 million (US$18.13 million) Islamic business facility granted by Bank Islam Malaysia
GLOBAL: AAOIFI revisits financial accounting standards on Takaful; invites industry feedback
PAKISTAN: Faysal Bank partners with EFU Life Assurance to offer Takaful coverage via newly launched Manzil Account
UAE: Abu Dhabi Islamic Bank selects IBM’s hybrid cloud solutions to enhance digital infrastructure
SAUDI ARABIA: Dar Al Takaful announces nominees for membership in board of directors
INDONESIA: Bank Aladin Syariah appoints Nurdiaz Alvin Pattisahusiwa as president commissioner; welcomes four new members to board of directors
INDONESIA: Bank Net Syariah rebrands to Bank Aladin Syariah
INDONESIA: Indonesia opens subscription period for retail cash Waqf-linked Sukuk series SWR002
MALAYSIA: Malaysian Resources Corporation prints RM200 million (US$48.34 million) Islamic medium-term note
MALAYSIA: Cypark Renewable Energy sells unrated Islamic medium-term note worth RM8 million (US$1.93 million) with a profit rate of 6.85%
BRUNEI: Autoriti Monetari Brunei Darussalam prices 193rd Sukuk Ijarah at BN$100 million (US$74.51 million)
MALAYSIA: Malaysia issues RM1.5 billion (US$362.54 million) Malaysian Islamic Treasury Bill
TURKEY: Albaraka Turk Katilim Bankasi issues lease certificates worth TRY200 million (US$24.42 million)
GLOBAL: Barwa Real Estate Company signs agreement to sell a plot of land in Saudi Arabia for SAR742.38 million (US$197.69 million)
GLOBAL: Arcapita Group Holdings acquires Cedardale Distribution Center in the US
MALAYSIA: Malaysian Takaful industry achieves steady growth in 2020 despite pandemic
NIGERIA: Jaiz Bank records over 45% growth in pre-tax profit and 40% increase in total assets for 2020
MALAYSIA: RAM enhances rating on Zamarad Assets’s Tranche 1 Class B Sukuk Murabahah to ‘AAA’
UAE: Central Bank of the UAE launches Intraday Liquidity Facility targeting participants in the UAE Funds Transfer System