MALAYSIA: UEM Group maintains ‘AA2/Stable’ Sukuk rating despite weaker stand-alone credit profile as government support continues
SAUDI ARABIA: Moody’s withdraws Malath Cooperative Insurance Company’s ‘Baa2’ insurance financial strength rating citing business reasons
MALAYSIA: RAM reaffirms ‘AAA/Stable’ rating on Suria KLCC’s RM600 million (US$143.54 million) Sukuk
MALAYSIA: RAM reaffirms Export-Import Bank of Malaysia’s ratings including ‘gA2(s)/Stable’ rating on US$1 billion multicurrency Sukuk program
MALAYSIA: RAM reaffirms Cagamas’s Sukuk ratings
MALAYSIA: AmBank Islamic secures ‘AA3/Stable/P1’ ratings reaffirmation
INDONESIA: Indonesian Hajj-managed funds grow 9.64% in 2021 to IDR158.88 trillion (US$11.1 billion), exceeding yearly target of IDR155.92 trillion (US$10.9 billion)
UAE: Sharjah Islamic Bank receiving nominations for membership of board of directors until the 22nd January
PAKISTAN: U Microfinance Bank launches first Islamic banking branch
INDONESIA: Hutama Karya lists IDR313 billion (US$21.88 million) Sukuk Mudarabah on Indonesia Stock Exchange
MALAYSIA: KPJ Healthcare secures ‘AA-IS(CG)’ preliminary rating for Sukuk Wakalah program of up to RM3 billion (US$716.35 million) to be issued by Point Zone
GLOBAL: Citi to sell consumer banking franchises in Malaysia, Indonesia, Thailand and Vietnam to UOB Group
BANGLADESH: Rupali Bank implements Millennium Information Solution’s Islamic core banking system in preparation of Shariah window launch
MALAYSIA: Invest Shariah Corporate Conversation 2022 by Bursa Malaysia and CGS-CIMB Securities taking place on the 20th January
INDONESIA: Bank Syariah Indonesia inaugurates new priority banking branch; assets under management from priority banking exceeds IDR50 trillion (US$3.49 billion)
MALAYSIA: HSBC Bank Malaysia names CIMB banker Omar Siddiq as CEO
SRI LANKA: Amana Takaful Life Insurance appoints three new directors
GLOBAL: Kuwait Finance House, Standard Chartered Bank and Maybank Islamic top primary dealers league for Islamic Liquidity Management Corporation’s 2021 Sukuk program
GAMBIA: Gambian government’s three Sukuk Salam offerings oversubscribed
MALAYSIA: Bank Negara Malaysia issues several Islamic liquidity management facilities to the tune of RM18.75 billion (US$4.49 billion)
BANGLADESH: Bangladesh Export Import Company begins trading green Sukuk on Dhaka Stock Exchange
UAE: Abu Dhabi Islamic Bank raises over AED587 million (US$159.79 million) via new flagship global Sukuk fund
SAUDI ARABIA: Al Alamiya for Cooperative Insurance receives approval to appoint Abdulaziz Hasan as chairman and Dr Tariq AlNaeem as vice-chairman
UAE: Mark Nicholas Curtis no longer CEO of ADGM Authority, reveals Abu Dhabi Global Market
EGYPT: Palm Hills Development Company preparing to raise EGP3 billion (US$190.5 million) via Sukuk in first quarter
MALAYSIA: Maybank Islamic raises RM1 billion (US$239.78 million) through Islamic commercial papers
MALAYSIA: KPJ Healthcare to set up RM3 billion (US$716.35 million) sustainable Sukuk Wakalah program
MALAYSIA: Cagamas issues RM300 million (US$71.63 million) three-month Islamic paper
MALAYSIA: Bank Negara Malaysia issues RM17.81 billion (US$4.25 billion)-worth of overnight Murabahah money market facility
US: Invesco launches Islamic exchange-traded fund; lists on London and Swiss exchanges
MALAYSIA: Sunway Treasury Sukuk issues RM50 million (US$11.94 million) one-month Islamic commercial paper
BANGLADESH: Shahjalal Islami Bank concludes BDT5 billion (US$57.18 million) Sukuk Mudarabah offering
SAUDI ARABIA: Saudi National Bank raises US$750 million through five-year Sukuk to fund environmentally friendly projects
SAUDI ARABIA: Tadawul commences delisting process of AlAhli Takaful Co’s shares following merger with Arabian Shield Cooperative Insurance Co
SAUDI ARABIA: SABB unveils Shariah compliant green deposit product
SAUDI ARABIA: Narmo Capital secures Capital Market Authority license to deal with securities
SAUDI ARABIA: Bayt Alnomow amends business profile to include managing investments and arranging securities business
MALAYSIA: Yayasan Hijrah Selangor partners with Shoraka Global Resources to facilitate migration into Islamic finance space via fintech
NIGERIA: Hamid Joda takes over as CEO of TAJBank following departure of Norfadelizan Abdul Rahman
SAUDI ARABIA: Aljazira Takaful renews license for another year
MALAYSIA: MEX II suffers Sukuk rating downgrade following non-payment
MALAYSIA: RAM upgrades rating on Bumitama Agri’s RM2 billion (US$476.64 million) Sukuk Musharakah to ‘AA2/Stable’
SAUDI ARABIA: Saudi Arabia welcomes launch of Banking and Financial Disputes Ombudsman Center
SAUDI ARABIA: Saudi Central Bank updates debt crowdfunding rules to redefine beneficiary and define aggregate accounts
SAUDI ARABIA: Alhasoob Co secures SAR7.5 million (US$2 million) short-term Islamic financing to support expansion plans
PAKISTAN: Faysal Bank on track to convert into fully-fledged Islamic bank; 11 conventional branches remain
SINGAPORE: iMAL R14.5 receives AAOIFI compliance certification
PAKISTAN: TPL Life Insurance enters into bancaTakaful partnership with Dubai Islamic Bank Pakistan to offer unit-linked Takaful schemes
OMAN: Finance minister issues decision to establish Supreme Shariah Supervisory Board for Capital Market Authority
GLOBAL: S&P Dow Jones Indices reaffirms Islamic finance commitment; signs on as partner for IFN Asia Forum 2022 and IFN Green & Sustainable Finance Forum 2022
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
Last month saw an unexpected twist in the high-profile Dana Gas case. After well over a year of acrimonious spats between the company and its creditors, an agreement has finally been reached with the majority...
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