MOROCCO: Morocco to debut Takaful coverage with three products
UK: Digital real estate agency Nested to launch interest-free equity loan
MALDIVES: Bank of Maldives introduces cash financing option for BML Islamic Personal Financing portfolio
AUSTRALIA: Centre for Islamic Economics Australia certifies MRHB DeFI as Shariah compliant
MALAYSIA: A Tech Insure partners with Pertubuhan Keselamatan Sosial and Angkatan Koperasi Kebangsaan Malaysia to offer Qard-based solution
GLOBAL: US-based Aspiration to offer Islamic and conventional sustainable finance solutions in Qatar Free Zones
MALAYSIA: Shariah Advisory Council of Securities Commission Malaysia approves 33 companies as Shariah compliant
MALAYSIA: Islamic financial comparison website SharLife launches in Malaysia
GLOBAL: Delegation from African Union discusses Islamic finance with Bahrain Institute of Banking and Finance
BANGLADESH: Bangladesh House Building Finance Corporation launches new Islamic housing finance product
INDONESIA: Bank Syariah Indonesia signs MoU with LinkAja to increase inclusion and digital financial literacy in Indonesia
INDONESIA: Bank KB Bukopin Syariah opens new branch office in Aceh
MALAYSIA: Yinson Holdings one step closer to issuing RM1 billion (US$236.43 million) Sukuk facility; receives final ‘A+IS’ rating
MALAYSIA: CIMB Group and CIMB Bank set up RM15 billion (US$3.55 billion) Sukuk Wakalah programs
INDONESIA: Bank Muamalat Indonesia eyes IDR2 trillion (US$139.93 million) Sukuk issuance to strengthen capital structure
KUWAIT: Warba Bank receives tender offers amounting to US$101.95 million for outstanding US$250 million Tier 1 capital certificates
MALAYSIA: AME Elite Consortium to establish Shariah compliant AME REIT
SAUDI ARABIA: FALCOM Financial Services appoints Albilad Investment Company as independent custodian for two funds
MALAYSIA: Bank Negara Malaysia places two Shariah papers
MALAYSIA: Cagamas issues RM500 million (US$118.21 million) Islamic medium-term note with a profit rate of 2.33%,
MALAYSIA: Gamuda sells Murabahah-based Islamic commercial paper
MALAYSIA: Idiwan Solar prices unrated RM2 million (US$472,851) Islamic medium-term note
MALAYSIA: Ihsan Sukuk proposes to replace Khazanah Nasional’s role as investment agent in RM1 billion (US$236.43 million) Islamic medium-term note program
MALAYSIA: Setia Fontaines auctions two Islamic medium-term notes totaling RM14 million (US$3.31 million)
PAKISTAN: Securities and Exchange Commission of Pakistan amends regulations to facilitate start-ups in raising equity
IRAQ: Islamic International Rating Agency assigns ‘B/B’ local and foreign currency ratings to Trust International Islamic Bank
MALAYSIA: MY EG Services signs MoU with A Tech Insure for Takaful coverage and road tax renewal
MALAYSIA: FWD Takaful provides funding worth RM250,000 (US$59,355.9) to International Islamic University College Selangor’s research project
SAUDI ARABIA: Saudi Central Bank greenlights Amana Cooperative Insurance Company’s merger with Saudi Enaya for Cooperative Insurance Co
INDONESIA: Otoritas Jasa Keuangan issues sanction to limit business activities of Asuransi Jiwa Syariah Bumiputera
MALAYSIA: MARC affirms ‘MARC-1IS’ and ‘AA-IS’ ratings on Northport Malaysia’s Islamic facilities
UAE: Sharjah Islamic Bank signs cooperation agreement with Ajman Sewerage Company to facilitate payment
PAKISTAN: Meezan Bank-led consortium and EnerTech Water Private sign PKR25.5 billion (US$145.09 million) Islamic syndicated financing deal
GLOBAL: IsDB extends nomination deadline for IsDB Prize for Impactful Achievement in Islamic Economics for the year 2022
GLOBAL: Members of IsDB Group allocate funding for member countries and SMEs
INDONESIA: Indonesia Stock Exchange signs MoU with Hajj Financial Management Agency to develop Indonesia’s Shariah capital market
EGYPT: Egypt secures US$2 billion Islamic-conventional syndicated bank financing
SENEGAL: International Islamic Trade Finance Corporation grants EUR40 million (US$44.87 million) in financing to Senegal National Groundnut Company
UAE: SHUAA Capital in talks to list one or more subsidiaries through IPO
BAHRAIN: Al Salam Bank Bahrain acquires 344,000 treasury shares on Bahrain Bourse
MALAYSIA: Bank Negara Malaysia prices three Islamic liquidity management papers totaling RM25.35 billion (US$6.02 billion)
MALAYSIA: Tenaga Nasional issues four Murabahah- and Wakalah-based Islamic medium-term notes totaling RM3 billion (US$712.27 million)
GLOBAL: Mohammed Hassan Al Naqool Sons Company realizes almost 24% returns on initial investment into Shariah compliant Graphene Ventures Fund
MALAYSIA: Syarikat Takaful Malaysia records RM255.69 million (US$60.93 million) in profit during first nine months
MALAYSIA: EKVE maintains ‘AAA’ rating on guaranteed Sukuk Murabahah of up to RM1 billion (US$238.31 million)
MALAYSIA: RAM reaffirms top ratings on Digi Telecommunications’s Islamic facilities
OMAN: Ahli Islamic launches mobile application for opening of savings account
MALAYSIA: Bursa Securities files originating summons in Kuala Lumpur High Court against Serba Dinamik Holdings
YEMEN: IsDB Group commits US$20 million to support construction of oxygen production stations in Yemen in partnership with World Health Organization and Yemeni government
SAUDI ARABIA: Investcorp launches Saudi-focused Pre-IPO Growth Vehicle
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
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...
The Standards and Metrology Institute for Islamic Countries and Turkey’s Independent Industrialists’ and Businessmen’s Association in March joined forces to work on improving the country’s Halal standardization capacity and raise awareness and investment in the...