MALAYSIA: Takaful Ikhlas General introduces online home protection plan
KUWAIT: Central Bank of Kuwait launches third round of Certified Shari’ah Auditor program
SAUDI ARABIA: Islamic Research and Training Institute publishes Kingdom of Saudi Arabia Islamic Finance Country Report
PAKISTAN: Export-Import Bank of Pakistan to develop Islamic financial products in preparation for launch
PAKISTAN: Faysal Bank’s Islamic unit partners with online property portal Zameen.com to provide free real estate advisory to bank’s customers
BAHRAIN: Salah Abdulla Sharif appointed as fifth representative of GFH Financial Group in Khaleeji Commercial Bank’s board of directors
PAKISTAN: Habib Bank appoints Farhan Ahmed as head of corporate affairs
PAKISTAN: Pakistan Stock Exchange approves listing of Alfalah Islamic Rozana Amdani Fund
GLOBAL: Malaysia’s Serba Dinamik International pledges US$2.25 million to support IsDB’s COVID-19 response package
BANGLADESH: NRB Global Bank opens six Islamic banking subbranches
INDONESIA: Indonesia lists two sovereign Shariah securities totaling IDR2 trillion (US$140.53 million) on Indonesia Stock Exchange
TURKEY: Albaraka Turk Katilim Bankasi auctions TRY275 million (US$35.84 million)-worth of lease certificates
OMAN: Bank Nizwa to provide Islamic financing worth OMR20 million (US$51.81 million) for Salalah infrastructure project
UAE: Abu Dhabi Islamic Bank provides AED91 million (US$24.77 million) in financing for private client to acquire UK property
SAUDI ARABIA: Tihama Advertising and Public Relations Co makes early settlement of Islamic facility
SAUDI ARABIA: ACWA Power mulls US$1 billion Sukuk issuance
EGYPT: Financial Regulatory Authority of Egypt to approve Sarwa Capital’s EGP2.5 billion (US$159.98 million) Sukuk facility
BRUNEI: Autoriti Monetari Brunei Darussalam auctions BN$30 million (US$22.32 million)-worth of AMBD Islamic Bills
OMAN: Hadiqah Al Madina Sukuk’s OMR3 million (US$7.77 million) Sukuk listed on Muscat Securities Market
MALAYSIA: Puncak Wangi sells one-year Islamic medium-term note
MALAYSIA: Perbadanan Kemajuan Negeri Selangor issues RM50 million (US$12.21 million) Islamic medium-term note
MALAYSIA: Cagamas floats RM245 million (US$59.84 million) Islamic paper
MALAYSIA: Bank Negara Malaysia prints Shariah papers totaling RM14.37 billion (US$3.51 billion)
BAHRAIN: Fitch affirms Investcorp’s ratings at ‘BB’ and ‘B’
MALAYSIA: MARC assigns final rating of ‘AA-IS’ to Guan Chong’s proposed RM800 million (US$195.05 million) Sukuk Wakalah program
INDONESIA: Bank Indonesia further reduces seven-day reverse repo rate to 3.75%
KUWAIT: Boubyan Bank maintains ‘A-’ long-term issuer credit rating
TURKEY: Turkey raises main policy rate to 15% from 10.25%
MALAYSIA: MARC affirms ‘AAAIS’ rating on Trans Thailand–Malaysia project’s RM600 million (US$146.29 million) Sukuk Murabahah
UAE: Fitch affirms Noor Bank’s Sukuk program; withdraws issuer default ratings
SAUDI ARABIA: Buruj Cooperative Insurance Company under rating review for downgrade due to worsening profitability and governance risks
MALAYSIA: Axis REIT to acquire three properties in Johor for RM28.2 million (US$6.88 million)
UAE: Al Mal Capital extends subscription period of Al Mal Capital REIT
MALAYSIA: Prudential BSN Takaful channels RM609,000 (US$148,479) in Zakat funds to support COVID-19 relief efforts in Sabah
UAE: Sharjah Islamic Bank inaugurates upgraded branch in Dubai
BRUNEI: Autoriti Monetari Brunei Darussalam enters into participant service agreement with Imagine
SAUDI ARABIA: Al Mashaar REIT exempts rental payment for Housing Development and Investment Company
MALAYSIA: KLCCP Stapled Group secures extension of triple lease agreements with PETRONAS for another 15 years
SAUDI ARABIA: Public Investment Fund increases stake in ACWA Power ahead of IPO
INDONESIA: Bank Pembangunan Daerah Jawa Barat dan Banten to inject capital into Islamic subsidiary to meet IDR1 trillion (US$70.4 million) regulatory requirement
GLOBAL: Islamic Corporation for the Development of the Private Sector unveils ICD Finnovation Award 2020
KUWAIT: Noor Financial Investment Company secures three-year license extension for Islamic fund
SAUDI ARABIA: DFN Road Company secures Saudi permit to experiment with robo-advisory service
KUWAIT: Kuwait International Bank sells US$300 million 10-year Tier 2 Sukuk
MALAYSIA: Malaysia auctions RM4 billion (US$975.23 million) Government Investment Issue Murabahah paper
SAUDI ARABIA: Al Rajhi extends US$69 million Islamic financing facility to support Taif independent sewage treatment plant project
MALAYSIA: Sunway Treasury Sukuk prints RM50 million (US$12.19 million) Islamic commercial paper
MALAYSIA: Puncak Wangi floats one-year Islamic medium-term note worth RM20 million (US$4.88 million)
UAE: Dubai Financial Services Authority admits Dubai Islamic Bank’s US$1 billion additional Tier 1 capital certificates to official list of securities
UAE: Dubai Aerospace Enterprise to sell US$500 million in Sukuk
The Islamic dollar is big business – but how can Halal firms make sure that their financing is as ethical as their output? IFN Halal Finance is a comprehensive resource providing Halal firms with the information they need on the Islamic financial markets and the choices therein.
IFN Halal Finance provides a direct channel of communication to corporates worldwide. From January 2020 IFN Halal Finance takes over from IFN Corporate
As the coronavirus pandemic sweeps the globe, healthcare is one of the few industries that have benefited from the current conditions — and the Halal pharmaceuticals sector is no exception. A recent report from Adroit Market Research projects the total...
Arab Company for Projects and Urban Development, a wholly-owned construction and real estate subsidiary of Egyptian holdings company Talaat Moustafa Group, on the 8th April issued a Sukuk facility worth EGP2 billion (US$126.78 million). The...
It has been fascinating to witness how the Halal industry has evolved over the past few years, as companies, organizations and even countries strategize to position themselves in this growing marketplace. DR SUTAN EMIR HIDAYAT,...
The global Islamic economy has gained an increasingly strong foothold in the world economy, driven by increasing Muslim consumer demand for dedicated products and services compliant with Islamic law that has developed the global subsectors...
Dubai, already a market leader in terms of Halal contribution, is seeking to cement its influence in 2020–21 with the development of a new global legislative code to enable authorities around the world to embed...
Malaysia’s central bank, Bank Negara Malaysia (BNM), has not only increased its SME financing fund by a further RM4 billion (US$937.7 million) to RM13.1 billion (US$3.1 billion), and offered SMEs access to credit guarantee schemes...
In a bid to boost its Halal export sector the UAE’s federal export credit company, Etihad Credit Insurance (ECI), has partnered with the Dubai Islamic Economy Development Centre (DIEDC) to provide a new range of...
Malaysia has led the way during the coronavirus crisis with a wide array of Shariah compliant funding packages to support its Halal production and manufacturing sector. The latest initiative comes in the form of a...
The Arab Brazilian Chamber of Commerce on the 10th June held a virtual meeting to discuss the significant potential for the manufacture and export of products for Muslim consumption — including opportunities in the tourism,...
Fully Halal Saudi-based fashion and food retailer Fawaz Abdulaziz Al Hokair Co, which has operations across 13 countries, in March secured a dual currency US$800 million refinancing package from a consortium of GCC banks to...
The coronavirus (COVID-19) epidemic is undeniably having a material impact on the global economy. At the time of writing, the total number of confirmed cases had risen to more than 90,000 and killed more than...