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UAE: Emirates Islamic partners with IDEMIA to launch Smart Metal Art cards to appeal to millennials
SAUDI ARABIA: Saudi Fransi Capital Company increases remuneration of Taleem REIT Fund’s board members to SAR10,000 (US$2,663.23)
UAE: National Takaful Company records increase in net profit to AED18.4 million (US$5.01 million) for 2020
SAUDI ARABIA: Aljazira Takaful Taawuni Company receives approval to renew license for three years
MALAYSIA: Great Eastern Holdings pledges RM1 million (US$243,989) for customers affected by COVID-19
QATAR: Dukhan Bank grows revenues by 15.7% in 2020 to QAR3.8 billion (US$1.04 billion)
MALAYSIA: QSP Semenanjung secures rating upgrade for RM1 billion (US$243.99 million) green Sukuk
MALAYSIA: AmBank Islamic and parent group suffer rating downgrade due to 1MDB settlement
KUWAIT: Kuwait Finance House wins legal case against Mushrif Trading and Contracting Co; court rules latter to pay KWD37.36 million (US$123.03 million)
OMAN: Capital Market Authority rolls out digital licensing system for health insurance third-party administrators
INDONESIA: MNC Guna Usaha Syariah to launch Hajj registration financing service SIAP HAJI
MALAYSIA: Maybank Islamic introduces SKIM CAKNA for eligible SMEs
PAKISTAN: Eighteen and Habib Bank’s Islamic banking arm collaborate to offer Islamic house financing facilities
TURKEY: Hakan Atilla resigns as managing director of Borsa Istanbul
MALAYSIA: Sunway Treasury Sukuk auctions two Mudarabah-based Islamic commercial papers
MALAYSIA: Danum Capital issues RM400 million (US$97.6 million) Islamic medium-term note
MALAYSIA: Bank Negara Malaysia prints two Islamic papers totaling RM24.79 billion (US$6.05 billion)
NIGERIA: Norrenberger to launch second Islamic fund by December
INDONESIA: Fitch Ratings sets optimistic outlook on Indonesia’s Takaful industry in 2021
TURKEY: Turkish parliament approves regulation for interest-free funding market for housing
UAE: Dubai-based neobank YAP partners with RAK Bank; officially launches
MALAYSIA: Axis REIT to acquire property from FIW Steel for RM120 million (US$29.44 million)
TURKEY: Participation Banks Association of Turkey signs MoU with Istanbul International Center for Private Sector in Development on sustainable development goals
INDONESIA: Indonesian Financial Services Authority inaugurates two micro Waqf banks in Central Java
MALAYSIA: Malaysia’s income tax exemption law on Sukuk Prihatin gazetted
GLOBAL: Al Meezan Investments collaborates with DirectFN to implement new system
INDONESIA: Bank Syariah Indonesia launches homeownership financing for a period of up to 30 years
SAUDI ARABIA: The Saudi Central Bank extends period of payment deferment and guaranteed financing programs
SAUDI ARABIA: Al Moammar Information Systems Company renews Islamic facility with Bank Albilad worth SAR100 million (US$26.62 million)
PAKISTAN: Lahore Development Authority signs agreement with Allied Bank’s Islamic banking division to facilitate online payment system
GLOBAL: Islamic Research and Training Institute strengthens collaboration with partners on global value chains and multidimensional poverty assessments
SAUDI ARABIA: BNP Paribas appoints Reema Al Asmari as new head of territory for Saudi Arabia
BAHRAIN: FinHub973 launches open API sandbox feature supporting Bahrain’s open banking framework
MALAYSIA: Bank Islam Malaysia to set up digital bank with infrastructure partners Mambu and Experian by second quarter of 2021
BRUNEI: Autoriti Monetari Brunei Darussalam prices 192nd Sukuk Ijarah issuance at BN$15 million (US$11.17 million)
INDONESIA: Bank Danamon Indonesia launches cash Waqf service following appointment as official institution receiving cash Waqf
BAHRAIN: Investcorp appoints Mohammed Al Sada as head of Bahrain and Kuwait for private wealth
SAUDI ARABIA: National Commercial Bank to redeem 2015 Tier 1 Sukuk worth SAR2.7 billion (US$718.68 million) in full
MALAYSIA: Maybank Islamic prints two Islamic commercial papers totaling RM1 billion (US$245.3 million)
MALAYSIA: Bank Negara Malaysia issues two Shariah papers
TURKEY: Albaraka Turk Katilim Bankasi sells TRY150 million (US$19.82 million) lease certificates
QATAR: Al Khaleej Takaful Insurance Co records increase in net profit for 2020 amounting to QAR33.99 million (US$9.25 million)
MALAYSIA: FWD Takaful launches RM1 million (US$246,368) COVID-19 Vaccine Special Fund for eligible customers
IRAQ: Central Bank of Iraq changes all interest imposed by banks and guarantor companies to diminishing rates
GLOBAL: Bank Syariah Indonesia and Dubai Islamic Bank to collaborate on global Sukuk, capacity-building and Shariah product development
AUSTRALIA: Plenti introduces interest-free buy-now-pay-later financing option to fund solar projects in Australia
SRI LANKA: Amana Bank’s Gold Certificate Financing increases emergency cash amount up to LKR70,000 (US$355.16)
PAKISTAN: BankIslami partners with Pakistan International Airlines to co-brand aircraft
GLOBAL: Islamic Corporation for the Insurance of Investment and Export Credit signs reinsurance agreement to support Jordanian economy
MALAYSIA: Shahril Azuar Jimin joins Maybank Group as chief sustainability officer