Ratings: Increasing rating and criteria updates
Tuesday, 21 Jun 2022 | Volume19.Issue25
IFN AnalysisIRAQ: Iraq’s Islamic banking sector assets to continue growth over medium term, says Fitch
EGYPT: Multilateral Investment Guarantee Agency issues US$98.3 million guarantee to Virtuo Finance for sustainable refinancing of solar power plants
OMAN: Equitix reaches financial close on GBP78 million (US$93.71 million) logistics facility in Oman featuring Shariah compliant senior financing facility
MALAYSIA: Eastspring Investments confirms support as partner for IFN Islamic Sustainable Finance & Investment Forum 2022
AUSTRALIA: Hejaz Financial Services partners with Outsource Financial to offer Islamic property financing
OMAN: Bank Nizwa appoints Sheikh Dr Majid Mohammed Salim Al Kindi as chairman and Sheikh Dr Aznan Hassan as deputy chairman of Shariah supervisory board
UAE: Mohammed Shafeeque joins Abu Dhabi Commercial Bank as senior Shariah auditor
MALAYSIA: MSA Resources to establish Islamic medium-term note program worth RM500 million (US$113.1 million)
SAUDI ARABIA: Morabaha Marina Financing Company acquires 80% majority stake in Loop to expand SME value proposition
AUSTRALIA: Islamic Bank Australia receives initial restricted banking license to become Australia’s first Islamic bank
TURKEY: Ministry of Treasury and Finance of Turkey places lease certificates worth TRY8.24 billion (US$485.85 million)
INDONESIA: Indonesia targets IDR7 trillion (US$465.79 million) in upcoming Sukuk auction
MALAYSIA: Bank Negara Malaysia issues three Shariah papers
BRUNEI: Brunei Darussalam Central Bank prices 79th issuance of BDCB Islamic Bills at BN$10 million (US$7.13 million)
BAHRAIN: Central Bank of Bahrain’s short-term Sukuk Ijarah worth BHD26 million (US$68.5 million) oversubscribed
KUWAIT: Central Bank of Kuwait auctions bonds and related Tawarruq papers totaling KWD240 million (US$779.88 million)
MALAYSIA: Danum Sinar sells two unrated Islamic medium-term notes worth a total of RM6 million (US$1.36 million)
INDONESIA: Global Mediacom lists IDR500 billion (US$33.27 million) Sukuk Ijarah on Indonesia Stock Exchange
ALGERIA: 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
Tuesday, 21 Jun 2022 | Volume19.Issue25
IFN AnalysisMonday, 04 Apr 2022 | Volume19.Issue14
Rating UpdatesWednesday, 05 May 2021 | Volume18.Issue19
Rating UpdatesFriday, 23 Apr 2021 | Volume18.Issue17
MovesTuesday, 09 Mar 2021 | Volume18.Issue10
Cover StoryThursday, 09 Jan 2020 | Volume17.Issue02
IFN Correspondent ReportsWednesday, 29 May 2019 | IFNC Volume4.Issue4
IFN ReportsTuesday, 21 May 2019 | Volume16.Issue20
Case StudyTuesday, 16 Apr 2019 | Volume16.Issue15
News BriefsWednesday, 19 Dec 2018 | IFN Gold Report 2018
Cover StoryMonday, 10 Sep 2018 | Volume15.Issue37
DealsTuesday, 15 May 2018 | Volume15.Issue20
IFN Correspondent ReportsFriday, 06 Apr 2018 | Volume15.Issue15
IFN ReportsTuesday, 03 Apr 2018 | Volume15.Issue14
DealsMonday, 19 Mar 2018 | Volume15.Issue12
DealsTuesday, 12 Dec 2017 | Volume14.Issue50
Cover StoryTuesday, 05 Dec 2017 | Volume14.Issue49
Cover StoryTuesday, 14 Nov 2017 | Volume14.Issue46
Cover StoryThursday, 09 Nov 2017 | Volume14.Issue46
IFN Correspondent ReportsThursday, 26 Oct 2017 | IFNC Volume2.Issue09
FeaturesTuesday, 24 Oct 2017 | Volume14.Issue43
Cover StoryMonday, 02 Oct 2017 | Volume14.Issue40
IFN ReportsFriday, 29 Sep 2017 | Volume14.Issue40
IFN ReportsThursday, 28 Sep 2017 | Volume14.Issue40
DealsTuesday, 19 Sep 2017 | Volume14.Issue38
IFN ReportsTuesday, 04 Jul 2017 | Volume14.Issue27
FeaturesFriday, 16 Jun 2017 | Volume14.Issue25
MovesTuesday, 28 Feb 2017 | Volume14.Issue11
Deal TrackerTuesday, 21 Feb 2017 | Volume14.Issue08
Deal TrackerFriday, 17 Feb 2017 | Volume14.Issue08
IFN Correspondent ReportsTuesday, 14 Feb 2017 | Volume14.Issue07
Deal TrackerThursday, 22 Dec 2016 | IFN Turkey Forum Report 2017
Special ReportsWednesday, 17 Aug 2016 | Volume13.Issue33
IFN ReportsFriday, 24 Jun 2016 | Volume13.Issue26
IFN ReportsMonday, 20 Jun 2016 | Volume13.Issue25
News BriefsWednesday, 25 May 2016 | Volume13.Issue21
IFN AnalysisMonday, 09 May 2016 | Volume13.Issue19
IFN ReportsSaturday, 16 Apr 2016 | IFNC Volume1.Issue04
FeaturesWednesday, 23 Mar 2016 | Volume13.Issue12
IFN AnalysisFriday, 04 Mar 2016 | Volume13.Issue10
IFN ReportsTuesday, 01 Mar 2016 | Volume13.Issue09
DealsTuesday, 15 Dec 2015 | Volume12.Issue50
IFN ReportsWednesday, 09 Dec 2015 | IFN Guide 2016
IFN ReportsWednesday, 11 Nov 2015 | Volume12.Issue45
FeaturesWednesday, 28 Oct 2015 | Volume12.Issue43
IFN ReportsWednesday, 07 Oct 2015 | Volume12.Issue40
Cover StoryWednesday, 29 Jul 2015 | Volume12.Issue30
IFN ReportsWednesday, 10 Jun 2015 | Volume12.Issue23
IFN ReportsWednesday, 20 May 2015 | Volume12.Issue20
IFN AnalysisTuesday, 12 May 2015 | Volume12.Issue19
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