KUWAIT: Kuwait International Bank receives ‘A-’ rating for US$300 million Tier 2 Sukuk
JORDAN: Islamic Corporation for the Development of the Private Sector-funded Shobak Wind Farm begins commercial operation
BANGLADESH: Bangladesh Bank appoints new deputy governors
MALAYSIA: MARC assigns final rating of ‘A+IS’ with a stable outlook to Sunsuria’s RM500 million (US$122.2 million) Sukuk Wakalah program
SAUDI ARABIA: Saudi Central Bank licenses three payment companies, bringing number of licensed fintech entities to 11
BAHRAIN: Ithmaar Bank commissions cybersecurity firm CTM360 to provide cyber threat management
BANGLADESH: Reliance Finance rebrands into Aviva Finance
IRAN: Iranian Ministry of Economic Affairs and Finance concludes 26th bond auction
INDONESIA: Indonesia concludes Sukuk auction; cash Waqf-linked Sukuk series SWR001 records IDR14.91 billion (US$1.05 million) in sales
UK: Jade Merchant Bank acquires GBP29 million (US$38.69 million) asset in Dorset
SAUDI ARABIA: Saudi Reinsurance Co signs SAR177 million (US$47.17 million)-worth of contracts with Probitas Corporate Capital
UAE: Abu Dhabi Islamic Bank collaborates with UnionPay to facilitate contactless payment
UAE: UAE’s Ministry of Economy to implement new strategic plan to combat money laundering
BANGLADESH: Standard Bank appoints Md Touhidul Alam Khan as additional managing director
GAMBIA: Central Bank of Gambia’s Sukuk Salam papers undersubscribed
BAHRAIN: Fawad Tariq Khan resigns as board member of Khaleeji Commercial Bank
MALAYSIA: Zamarad Assets sells six Islamic medium-term notes worth a total of RM107 million (US$26.15 million)
OMAN: Oman to list OMR25 million (US$64.76 million) Series 5 sovereign Sukuk facility on Muscat Securities Market
TURKEY: Turkiye Emlak Katilim Bankasi prints lease certificates amounting to TRY5 billion (US$628.22 million)
UAE: Dubai Islamic Bank lists US$1 billion additional Tier 1 Sukuk on NASDAQ Dubai
MALAYSIA: Bank Negara Malaysia floats Islamic papers totaling RM20.05 billion (US$4.9 billion)
PAKISTAN: Islamic International Rating Agency assigns ‘SCFR (pk) 1’ and ‘SCFR (Global) High’ ratings to Faysal Bank’s Islamic banking division
OMAN: Oman’s Islamic banking sector records growth; captures 14% of total assets of banking sector as at end of September 2020
GLOBAL: IFSB publishes frequently asked questions on corporate governance, collective investment schemes, Takaful risk management and financial inclusion
INDONESIA: Bank Pembangunan Daerah Istimewa Yogyakarta collaborates with Dana Pensiun Muhammadiyah to facilitate pension funds
MALAYSIA: Bank Muamalat Malaysia launches Muamalat Gold-i Account
UAE: Dubai Aerospace Enterprise issues US$750 million Sukuk rated ‘BBB-’ by Fitch Ratings
MALAYSIA: Hibiscus Petroleum raises largest Islamic convertible redeemable preference shares in 2020 at RM203.6 million (US$49.74 million)
MALAYSIA: BIMB Investment Management launches Bank Islam Premier Fund
PAKISTAN: Institute of Business Administration Centre for Excellence in Islamic Finance partners with Meezan Bank on Shariah auditor course
TURKEY: PwC appoints Cenk Ulu as new territory senior partner in Turkey
SAUDI ARABIA: Professor Ahmed Abdullah Ahmed Al Busaid joins Al Mashaar REIT’s board of directors as non-independent chairman
EGYPT: Cairo for Investment and Real Estate Development to issue EGP600 million (US$38.33 million) Sukuk in December 2020
EGYPT: Egyptian regulator approves Sarwa Capital’s EGP2.5 billion (US$159.98 million) Sukuk prospectus
MALAYSIA: Leong Hup Capital seeks approval for RM1 billion (US$244.3 million) Sukuk Mudarabah program
MALAYSIA: Bank Negara Malaysia issues Islamic liquidity management tools
BANGLADESH: Bangladesh Bank auctions two Bangladesh Government Islami Investment Bonds
GLOBAL: Investcorp invests in e-commerce logistics platform XpressBees
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
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...
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As June draws to a close we are already halfway through the year, and results from the first quarter are pouring in to paint a promising picture for Islamic capital market growth. From a cautiously...