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  • SAUDI ARABIA: Saudi National Bank secures regulatory approval to increase capital to SAR60 billion (US$15.98 billion)

  • MALAYSIA: RP Hydro (Kelantan) proposes SRI Sukuk Wakalah issuance worth up to RM975 million (US$226.66 million)

  • MALAYSIA: Danum Sinar auctions Islamic medium-term notes worth RM10 million (US$2.32 million) in total

  • SAUDI ARABIA: Madkhol’s robo-advisory platform receives Shariah compliance certification from Shariyah Review Bureau

  • SAUDI ARABIA: Saudi regulator approves Mulkia Investment Company’s request to increase fund’s total assets value

  • BAHRAIN: Adel El-Labban resigns from group CEO post at Ahli United Bank for personal reasons

  • SAUDI ARABIA: SNB Capital completes SAR1 billion (US$266.3 million) Sukuk issuance; receives oversubscription of 2.1 times

  • UAE: Emirates Islamic issues three-year AED1 billion (US$272.21 million) Sukuk paper

  • MALAYSIA: Cypark Renewable Energy issues Musharakah-based Islamic note worth RM8 million (US$1.86 million)

  • SAUDI ARABIA: Mohammed Hasan AlNaqool Sons Co to issue Sukuk Murabahah to support company projects

  • SAUDI ARABIA: Saudi Central Bank approves Gulf Insurance Group’s motor insurance product

  • SAUDI ARABIA: Al Sagr Cooperative Insurance Co renews license with Council of Cooperative Health Insurance

  • OMAN: Bank Nizwa launches Mudarabah-based digital savings account

  • SAUDI ARABIA: Arabia Insurance Cooperative Co obtains approval for domestic workers insurance product

  • PAKISTAN: Askari Bank signs agreement with Akhuwat Islamic Microfinance to provide interest-free loans

  • GLOBAL: IsDB signs MoU with UNESCAP to enhance strategic partnership through digitalization and innovation

  • MALAYSIA: Bank Negara Malaysia prints RM30.1 billion (US$6.99 billion) in Shariah short-term instruments to support liquidity management

  • UAE: Islamic Arab Insurance Co to cancel 270.41 million shares at AED1 (27.22 US cents) per share for capital reduction

  • GLOBAL: IsDB and United Conference on Trade and Development sign MoU to support SDG agenda

  • SAUDI ARABIA: Saudi Aramco’s investors look into refinancing US$13.4 billion loan with Sukuk and bond issuance, Reuters reports

  • SAUDI ARABIA: SICO Capital Company appoints Imad Naif Mohammed Awad as independent member of board of directors

  • SAUDI ARABIA: Buruj Cooperative Insurance Co appoints Bader Mohammed Aleisa as audit committee chairman

  • OMAN: Arif Maqbool Al Zaabi resigns from post as Bank Nizwa’s assistant general manager of retail banking

  • PAKISTAN: Automobile parts manufacturer Loads issues unsecured Islamic commercial paper to the tune of PKR500 million (US$1.81 million)

  • KUWAIT: Central Bank of Kuwait prints KWD160 million (US$522.07 million)-worth of CBK bonds and related Tawarruq facilities

  • GAMBIA: Central Bank of Gambia issues three Sukuk Salam facilities

  • SAUDI ARABIA: Saudi AZM for Communications and Information Technology Co renews Shariah compliant financing to fund working capital requirements, among others

  • SAUDI ARABIA: Molan Steel Co upsizes Islamic financing facilities to fund working capital requirements

  • SOMALIA: Musoni System’s core banking system now supports Islamic financial institutions

  • INDONESIA: Indonesian government attracts IDR26.26 trillion (US$1.73 billion) in orders for latest Sukuk offerings; to award IDR14 trillion (US$923.08 million)

  • BANGLADESH: Three banks secure Bangladesh Bank’s Islamic Banks Liquidity Facility

  • SAUDI ARABIA: Tamam partners with Tarabut Gateway to enhance Islamic microfinance service

  • SAUDI ARABIA: Merak Capital debuts Islamic credit fund to finance high-growth tech-related firms

  • BAHRAIN: Gulf Islamic Investments launches Gulf Ventures Capital in Bahrain; to focus on sustainability projects among others

  • GLOBAL: International Islamic Liquidity Management Corporation concludes auction of US$920 million short-term Sukuk

  • MALAYSIA: RAM reaffirms ‘AA3’ and ‘A1’ ratings on MNRB Holdings’s senior and subordinated Sukuk respectively

  • SAUDI ARABIA: Moody’s assigns ‘A1’ ratings to GreenSaif Pipelines’s Sukuk certificates

  • NIGERIA: Nigeria distributes NGN130 billion (US$282.07 million) raised from sovereign Sukuk for road infrastructure works

  • BRUNEI: Brunei Darussalam Central Bank prices 109th issuance of Islamic treasury bills at BN$5 million (US$3.77 million) with profit rate of 2.9%

  • BANGLADESH: Bangladesh Bank auctions Islamic Banks Liquidity Facility receiving one bid worth BDT2 billion (US$18.41 million)

  • SAUDI ARABIA: Saudi Central Bank grants license to Cigna Worldwide Insurance Company, the first foreign insurance company branch in Saudi Arabia

  • SAUDI ARABIA: Saudi Investment Bank completes second tranche Sukuk offer worth SAR500 million (US$133.15 million)

  • UAE: SHUAA Capital to launch Islamic money market fund in second quarter of 2023; records 210% growth of ICC fund’s assets

  • UAE: Emirates Islamic partners with Plug and Play to find Islamic fintechs and start-ups to collaborate with

  • PAKISTAN: State Bank of Pakistan injects PKR186 billion (US$672.63 million) in Mudarabah-based open market operation liquidity

  • GLOBAL: Dubai-based Arzan Wealth provides advisory on Shariah compliant mezzanine financing for healthcare facility in the US

  • IRAN: Iranian central bank to start trial phase of digital Rial soon

  • GLOBAL: IsDB establishes IsDB Digital Inclusion Technical Working Group to support digital inclusion strategy

  • GLOBAL: AAOIFI focus group discusses challenges of accounting and financial reporting under hyperinflation

  • UAE: Fahim Al Sehhi resigns as CEO of Arab Insurance Company – SALAMA

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Halal

  • Malaysia and China to collaborate in Halal industry

    Full Issue: Volume13.Issue14

    March 31, 2016 Read More...
  • DagangHalal’s planned IPO on track

    Full Issue: Volume13.Issue14

    March 30, 2016 Read More...
  • HDC to unveil new Halal e-business project

    Full Issue: Volume13.Issue12

    March 22, 2016 Read More...
  • DNeX introduces program for Halal services providers

    Full Issue: Volume13.Issue12

    March 18, 2016 Read More...
  • DagangHalal to go public

    Full Issue: Volume13.Issue08

    February 23, 2016 Read More...
  • PDOT to drive Halal tourism

    Full Issue: Volume13.Issue08

    February 18, 2016 Read More...
  • Malaysia Halal Council formed

    Full Issue: Volume13.Issue07

    February 12, 2016 Read More...
  • BCP and GFG to launch new Halal bank

    Full Issue: Volume13.Issue06

    February 10, 2016 Read More...
  • Global Halal Exchange collaborates with ISRA

    Full Issue: Volume13.Issue06

    February 3, 2016 Read More...
  • Aladdin to launch Halal e-commerce site

    Full Issue: Volume13.Issue05

    January 28, 2016 Read More...
  • Islamic Halal Finance

    Challenges in advancing the growth of Halal products

    Full Issue: Volume13.Issue04

    January 27, 2016 Read More...
  • Jakim proposes setting up of Halal council

    Full Issue: Volume13.Issue03

    January 13, 2016 Read More...
  • Halal home financing for Canadian Muslims

    Full Issue: Volume13.Issue01

    January 5, 2016 Read More...
  • Islamic Halal Finance

    Beyond Halal — An evolution of Shariah compliant products

    Full Issue: Volume12.Issue50

    December 16, 2015 Read More...
  • Islamic Halal Finance

    The challenges of financing Halal food businesses

    Full Issue: Volume12.Issue49

    December 9, 2015 Read More...
  • Halal financing booming around the world

    Full Issue: IFN Guide 2016

    December 9, 2015 Read More...
  • Malaysian Halal exports increasing

    Full Issue: Volume12.Issue49

    December 2, 2015 Read More...
  • Brazil: Moving beyond its Halal industry

    Full Issue: Volume12.Issue48

    December 2, 2015 Read More...
  • Islamic Halal Finance

    Maltese MP Joe Farrugia calls for first Islamically financed Halal hotel

    Full Issue: Volume12.Issue45

    November 5, 2015 Read More...
  • Islamic Halal Finance

    HalalSky: Bringing Shariah compliant real estate crowdfunding to the US

    Full Issue: Volume12.Issue32

    August 12, 2015 Read More...
  • Islamic Halal Finance

    Halal financing: An area of ample opportunity

    Full Issue: Volume12.Issue23

    June 10, 2015 Read More...
  • Halal aspect of Islamic finance

    Full Issue: Volume12.Issue23

    June 10, 2015 Read More...
  • Boosting Nigeria’s Halal industry

    Full Issue: Volume12.Issue13

    March 31, 2015 Read More...
  • Islamic Halal Finance

    Connecting the Halal industry and talent pool

    Full Issue: Volume12.Issue07

    February 18, 2015 Read More...
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