QATAR: Alkhaleej Takaful Insurance opens board membership nominations
IRAN: Iranian insurers to launch human resources-related products as part of drive for new instruments
SAUDI ARABIA: IsDB Group plans new project to boost dates sector production chain to increase exports and employment
GLOBAL: Lebanon’s Bank Audi signs agreement with First Abu Dhabi Bank for latter’s 100% share capital acquisition in former’s Egyptian subsidiary unit
INDONESIA: President Joko Widodo to inaugurate cash Waqf movement in Indonesia
OMAN: Oman Arab Bank appoints Yasir Aqil Mohammed Badri as independent board member
UAE: Sharjah Islamic Bank records AED405.83 million (US$110.47 million) net profit for year 2020
MALAYSIA: Axis REIT reports lower net profit amid higher revenue in 2020
UK: [email protected] Capital secures official Shariah approval for Inventory Monetisation Platform
INDONESIA: Otoritas Jasa Keuangan proposes to make Shariah spin-off requirement voluntary instead of mandatory
MALAYSIA: Bank Negara Malaysia maintains overnight policy rate at 1.75% as global economy continues to recover
TURKEY: Albaraka Turk Katilim Bankasi sells TRY150 million (US$20.15 million) in lease certificates
IRAN: Iranian Ministry of Economic Affairs and Finance concludes 34th bond auction
SAUDI ARABIA: National Commercial Bank begins IPO for additional Tier 1 US dollar-denominated Sukuk facility
PAKISTAN: Pakistan mulls dollar Sukuk and conventional bonds under medium-term note programs
SAUDI ARABIA: Riyad Bank commences private placement of Saudi riyal-denominated Tier 2 capital Sukuk paper
SAUDI ARABIA: Saudi Ministry of Finance closes January Sukuk offering worth SAR2.96 billion (US$788.62 million)
QATAR: Qatar Islamic Bank records 6.6% growth in total assets in 2020
JORDAN: Fitch affirms Jordan Islamic Bank’s ‘BB-’ rating with negative outlook
MALAYSIA: Bank Negara Malaysia issues three Islamic liquidity management tools
QATAR: Masraf Al Rayan announces net profit of QAR2.18 billion (US$590.25 million) for the year ended 31st December 2020
SAUDI ARABIA: Mambu and Ta3meed partner up to provide Shariah compliant financing solutions to Saudi SMEs
PAKISTAN: Pakistan’s federal cabinet approves tax exemption on profits gained through international Sukuk issuances under government programs
GLOBAL: Warba Bank and software developer Eurisko Mobility Power collaborate for banking digital transformation
IRAN: Dr Hasan Ghalibaf Asl tenders resignation as chairman of Iran’s Securities and Exchange Organization
PAKISTAN: Meezan Bank announces direct integration with Visa for routing settlement of card transactions
OMAN: Alizz Islamic Bank appoints Sheikh Dr Essam Khalaf Al Anzi as chairman of Sharia Supervisory Board
UAE: Abu Dhabi Islamic Bank launches healthcare-focused equities basket note with a minimum investment of US$50,000
SAUDI ARABIA: Alkhabeer Diversified Income Traded Fund lists on Saudi Stock Exchange’s Main Market for trading
SAUDI ARABIA: Riyad Bank to establish Sukuk program worth up to SAR10 billion (US$2.66 billion)
SAUDI ARABIA: Al-Bilad Saudi Sovereign Sukuk Traded Fund starts registration process with General Authority of Zakat and Tax
INDONESIA: Indonesia to conduct Sukuk auction with indicative target of IDR14 trillion (US$993.34 million)
GLOBAL: International Islamic Liquidity Management Corporation sells US$1.15 billion in short-term Sukuk
GAMBIA: Central Bank of Gambia concludes Sukuk Salam auction
KUWAIT: Central Bank of Kuwait prints KWD240 million (US$789.7 million)-worth of bonds and related Tawarruq papers
MALAYSIA: Cagamas places RM300 million (US$74.03 million)-worth of Islamic commercial papers
MALAYSIA: Bank Negara Malaysia prints three Shariah papers amounting to RM18.17 billion (US$4.49 billion)
TURKEY: Albaraka Turk Katilim Bankasi issues 71-day domestic lease certificates
IRAQ: Central Bank of Iraq cancels two Islamic banking resolutions
MALAYSIA: Mohamed Adam Wee Abdullah leaves group chief marketing officer position at CIMB Group
INDONESIA: Permodalan Nasional Madani issues IDR712 billion (US$50.41 million) Sukuk Mudarabah paper
YEMEN: Aden-based Yemeni central bank issues circular to control foreign exchange speculation and associated price fluctuations
PALESTINE: IsDB and Palestine sign two agreements worth US$4 million
SAUDI ARABIA: Emaar The Economic City signs framework cooperation agreement to establish SAR1.8 billion (US$479.37 million) private investment fund
BANGLADESH: Bangladesh’s finance ministry secures US$47 million credit line from IsDB to support SMEs
BANGLADESH: Bangladesh Bank appoints Deputy Governor Ahmed Jamal as board director
SAUDI ARABIA: Capital Market Authority fines former board of directors of Saudi Indian Company for Cooperative Insurance for violating corporate governance rules
QATAR: Qatar Islamic Insurance Group enters into three-year digital transformation agreement with SAP
QATAR: Qatar First Bank acquires real estate in Messila for QAR262.5 million (US$70.73 million)
OMAN: National Bank of Oman further enhances Quick Response code payments as contactless payments gain prominence
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...
There is no escaping the current global health crisis — and its inevitable impact on both the wider economy and individual businesses. The Halal sector has a vital role to play in supporting supply chains...
Indonesia, the most populous Muslim country in the world, has enormous potential within the Halal industry and has seen exceptional growth in recent years (including a jump from 10th to fifth place on the Global...
It has been a great year for the Islamic debt capital market – and for IFN Corporate – as the Sukuk market surged and Islamic loans and corporate financing continued to evolve into an ever...
Muslims spent US$2.2 trillion in 2018 across the food, pharmaceutical and lifestyle sectors that are impacted by Islamic faith-inspired ethical consumption needs, according to a new report from the Dubai Islamic Economy Development Centre (DIEDC)....
The Islamic financial markets are often at the forefront of cutting edge innovation – and October took the industry one step further, with the issuance of a new IDR710 million (US$50,000) Islamic bond from Indonesian...
We have previously explained in these pages the concept of green Sukuk, and the benefits it can bring to corporates seeking capital. But the explosion in popularity of this unique asset class has been unprecedented...
Islamic banks – especially in the Gulf – have been jumping on the new opportunities offered by the open banking revolution. But what is open banking, and what benefits does it bring for the corporate...
Private placement is an enduringly popular option for corporate issuers, and the past year has seen numerous new Islamic deals sold privately instead of being offered to the wider capital market. So what are the...
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...