SAUDI ARABIA: Alinma Bank posts 24.07% increase in net profit at SAR1.35 billion (US$359.5 million) as at end of June 2021
SAUDI ARABIA: Al Rajhi Bank records 44.1% increase in net profit for first half of 2021
SAUDI ARABIA: Saudi Indian Company for Cooperative Insurance moves to cancel financial reorganization
INDONESIA: Zurich Insurance Company receives Shariah license from regulatory authority
SAUDI ARABIA: Islamic fintech start-up Forus Capital secures Series A funding to expand market share and offerings
GLOBAL: Asian Development Bank signs agreement with Dubai Islamic Bank Pakistan to support trade finance in Pakistan
MALAYSIA: CIMB Bank and CIMB Islamic Bank launch CIMB OctoSavers Savings Account-i and CIMB OctoDebit MasterCard
INDONESIA: Indonesia lists sovereign Shariah securities totaling IDR13.15 trillion (US$909.23 million) on Indonesia Stock Exchange
INDONESIA: Hutama Karya conducts public offering for Sukuk Mudarabah worth IDR500 billion (US$34.57 million)
MALAYSIA: Sunway Treasury Sukuk prints Islamic commercial paper worth RM50 million (US$11.84 million)
MALAYSIA: LBS Bina Group issues RM93 million (US$22.02 million) Sukuk Musharakah paper
MALAYSIA: Gas Malaysia Distribution sells RM200 million (US$47.36 million) Islamic commercial paper
INDONESIA: Otoritas Jasa Keuangan revokes Shariah license of Madani Emas Nusantara Islamic Microfinance Institution Cooperative
MALAYSIA: Bank Negara Malaysia issues three Islamic liquidity management papers totaling RM19.82 billion (US$4.69 billion)
UAE: Abu Dhabi Islamic Bank records profit after Zakat and tax of AED1.12 billion (US$304.86 million) for first half of 2021
GLOBAL: Eiger supports IFN Europe Forum 2021
SAUDI ARABIA: AlAhli Takaful Company signs bancassurance distribution agreement with Saudi National Bank
SAUDI ARABIA: Takween Advanced Industries conducts partial early settlement worth SAR152.3 million (US$40.56 million)
OMAN: Takaful Oman to conduct Sukuk profit distribution of OMR255,000 (US$660,429)
GLOBAL: S&P Ratings anticipates credit ratings on GCC’s Takaful and conventional industry to remain stable
MALAYSIA: RAM reaffirms ‘AA3/Stable’ rating on Solar Management (Seremban)’s RM260 million (US$61.38 million) green Sukuk paper
MALAYSIA: RAM downgrades ratings on Menara ABS’s RM345 million (US$81.44 million) Sukuk
MALAYSIA: MARC affirms CIMB Islamic Bank’s financial institution ratings at ‘AAA/MARC-1/Stable’
PAKISTAN: Silkbank selects Temenos Infinity digital banking platform
MALAYSIA: CGS-CIMB Securities launches iCash Trading Account and the Islamic Share Margin Financing facility
MALAYSIA: Sunway Treasury Sukuk sells RM40 million (US$9.44 million) Islamic commercial paper
TURKEY: Turkiye Emlak Katilim Bankasi prints lease certificates worth TRY82.77 million (US$9.73 million)
MALAYSIA: Malaysia issues RM3.5 billion (US$826.23 million) Government Investment Issue Murabahah paper with a profit rate of 3.47%
SAUDI ARABIA: Saudi Real Estate Company reaches final stage to liquidate Alinma Real Estate Fund
SAUDI ARABIA: Capital Market Authority of Saudi Arabia approves public offering of Al Rajhi Saudi Freestyle Equity Fund
QATAR: QIIB records an increase of 6.1% in net profit for first half of 2021
UAE: Emirates Islamic posts net profit of AED569 million (US$154.88 million) for first half of 2021
UAE: Dubai Islamic Bank records total income of AED5.84 billion (US$1.59 billion) in first half of 2021
BAHRAIN: Fitch affirms Ahli United Bank’s long-term issuer default rating and viability rating at ‘BB+’ and ‘bb’ respectively
QATAR: Islamic finance assets in Qatar reach an estimated QAR528 billion (US$144.22 billion)
SAUDI ARABIA: Alkhorayef Water and Power Technologies signs SAR199 million (US$52.99 million) Islamic agreement with Banque Saudi Fransi
GLOBAL: QIIB discusses investment opportunities in Sudan
US: Islamic neobank Fardows to offer Islamic checking accounts and robo-advisory this year
EGYPT: Banque Misr and BM Lease extend EGP700 million (US$44.5 million) in Islamic financing to Bonyan for Development and Trade
INDONESIA: Bank BTPN Syariah disburses financing worth IDR10.05 trillion (US$693.28 million) in second quarter of 2021
MALAYSIA: Duopharma Biotech secures Revolving Credit Facility-i Commodity Murabahah worth RM50 million (US$11.8 million) from OCBC Al-Amin Bank
PAKISTAN: Askari Bank appoints Atif R Bokhari as president and CEO succeeding Abid Sattar
MALAYSIA: Bank Negara Malaysia issues two Shariah papers
MALAYSIA: Value Partners Group lists VP-DJ Shariah China A-Shares 100 exchange-traded fund on Bursa Malaysia
SAUDI ARABIA: Alkhabeer Capital signs profit rate swap hedging agreement with Al Rajhi Bank
MALAYSIA: RAM reaffirms ‘AAA(fg)/Stable’ rating on Puncak Wangi’s Islamic medium-term note program of up to RM200 million (US$47.25 million)
MALAYSIA: RAM assigns final rating of ‘AA1(bg)/Stable’ to Agroto Business’s proposed five-year Sukuk tranche worth RM200 million (US$47.25 million)
MALAYSIA: AIA Malaysia forms long-term strategic partnership with TNG Digital to offer digital insurance solutions
QATAR: Qatari Islamic banks’ market share to grow in 2021; profitability to remain under pressure, Fitch Ratings says
BAHRAIN: NBB Group to install solar panels in select branches of National Bank of Bahrain and Bahrain Islamic Bank
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
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