QATAR: Qatar Islamic Bank records increase in net profit at QAR2.53 billion (US$690.91 million) for nine-month period ending 30th September 2021
SAUDI ARABIA: United Cooperative Assurance Company to increase capital via rights issue worth SAR300 million (US$79.89 million)
BAHRAIN: GFH Financial Group’s shareholders approve repurchase of treasury shares and acquisition plan for 100% of Khaleeji Commercial Bank’s shares
BAHRAIN: Central Bank of Bahrain introduces electronic cheques system implemented by BENEFIT Company
IRAN: Central Bank of Iran raises ceiling for Murabahah credit cards issued in Iran to IRR2 billion (US$47,169.8)
IRAN: Former Central Bank of Iran governor Valiollah Seif sentenced to 10 years in prison for mismanagement of funds
GLOBAL: Abu Dhabi Islamic Bank supports IFN Middle East Forum 2021 as a partner
GLOBAL: IsDB conducts three-day virtual capacity-building training
GLOBAL: Astana International Financial Centre Authority to collaborate with Ministry of Investment of the Kyrgyz Republic on Islamic finance
INDONESIA: Aceh government explores cooperation opportunities with International Islamic Trade Finance Corporation in coffee export
BANGLADESH: Bangladesh to offer income tax exemption on Sukuk for individual taxpayers
MALAYSIA: Bank Islam to establish dividend reinvestment plan
INDONESIA: Otoritas Jasa Keuangan submits draft law to Ministry of Finance
BANGLADESH: Southeast Bank launches three Tijarah Islamic agent banking outlets
PAKISTAN: State Bank of Pakistan mandates regulated entities to digitize payments
MALAYSIA: Complete Logistics Services secures RM20 million (US$4.81 million) Islamic financing facility from Al Rajhi Banking and Investment Corporation
SAUDI ARABIA: Khaled Bakr Alem resigns as independent board member of United Cooperative Assurance Company
COMOROS: IsDB President Dr Muhammad Al Jasser welcomes Souef Kamalidini as IsDB governor of Comoros; discusses US$309.5 million IsDB portfolio in Comoros
MALAYSIA: Malaysian Resources Corporation sells three Islamic medium-term notes totaling RM600 million (US$144.22 million)
MALAYSIA: Bank Pembangunan Malaysia upsizes seven-year sustainability Sukuk Wakalah to RM450 million (US$108.16 million)
MALAYSIA: Bank Negara Malaysia issues two Islamic liquidity management papers
TURKEY: Albaraka Turk Katilim Bankasi auctions lease certificates worth TRY200 million (US$21.52 million)
MALAYSIA: Maybank Asset Management appoints OCBC Bank (Malaysia) and OCBC Al-Amin Bank as distribution partners
SAUDI ARABIA: Capital Market Authority of Saudi grants license to Sabeen Investment Company
INDONESIA: Zurich Syariah targets growth of 30% in contribution income from previous year, chief sales and distribution officer says
OMAN: Al Madina Takaful records total net profit after tax of OMR1.44 million (US$3.73 million) for period ended 30th September 2021
UAE: SHUAA Capital’s Goldilocks Fund achieves 35% return in nine months and 158% return since inception
OMAN: Capital Market Authority of Oman instructs insurance companies to take specific steps and speed up claims from damage caused by Cyclone Shaheen
OMAN: Bank Nizwa records 6% increase in net profit to OMR9.07 million (US$23.49 million)
MALAYSIA: MARC affirms ‘AA-IS’ rating on Konsortium Lebuhraya Utara–Timur (KL)’s RM2.3 billion (US$553.22 million) senior Sukuk Musharakah
IRAN: Central Bank of Iran calls on IMF to provide assistance with financing, banking laws, digital currencies and monetary policy
GLOBAL: MRHB DeFi receives strategic investment from investment platform Mozaic
IRAN: Majid Eshghi joins Securities and Exchange Organization of Iran as new head
MALAYSIA: International Centre for Education in Islamic Finance appoints three new board members
TURKEY: Development and Investment Bank of Turkey issues Turkey’s first social Sukuk worth TRY50 million (US$5.45 million)
MALAYSIA: Sunway Treasury Sukuk sells three Islamic medium-term notes totaling RM250 million (US$60.05 million)
PAKISTAN: Pakistan eyes international Sukuk worth US$1 billion
MALAYSIA: Sukukholders of MEX I Capital approve restructuring of RM1.35 billion (US$324.72 million) Islamic medium-term note program
BAHRAIN: GFH Financial Group to issue additional perpetual Tier 1 capital Sukuk worth US$300 million
MALAYSIA: Malaysia issues RM2 billion (US$481.07 million) Government Investment Issue Murabahah paper
SAUDI ARABIA: Al Moammar Information Systems debuts Saudi Data Centers Fund 1
SINGAPORE: Maybank Asset Management Singapore launches Maybank Asian Growth and Income – Islamic Fund
GLOBAL: Egyptian company Arab Contractors to start IsDB-funded construction work at Lebanon’s Tripoli port worth US$87 million within 10 days
OMAN: Al Madina Takaful to donate OMR90,000 (US$233,141) to those affected by impact of Cyclone Shaheen
MALAYSIA: Malaysian banking industry collaborates with Credit Counselling and Debt Management Agency to offer new scheme
SAUDI ARABIA: Fikry Younis joins Lumina Capital Advisers as a partner
UAE: OCI, Abu Dhabi National Oil Company and Fertiglobe to conduct Shariah compliant IPO
GLOBAL: IsDB Institute and Statistical, Economic and Social Research and Training Center for Islamic Countries co-organize event
MALAYSIA: Sedania As Salam Capital partners with FCA Capital to bid for digital Islamic bank license with focus on Waqf
NIGERIA: Central Bank of Nigeria issues revised regulatory framework
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