US: UIF Corporation records growth of 121.4% and 19.8% in home financing and purchase transaction financing respectively in third quarter
MALAYSIA: CIMB Islamic widens range of online products following surge in digital adoption among customers
INDONESIA: Investree partners with Gramindo Berkah Madani to provide microfinancing to unbanked female microentrepreneurs
MALAYSIA: Public Islamic Bank signs deal with Helios Photovoltaic for solar photovoltaic financing schemes
PAKISTAN: BankIslami Pakistan to sell shareholding in BankIslami Modaraba Investments to owners of Ghani Global Group
INDONESIA: Bank Mandiri appoints Rudi As Aturridha as corporate secretary to replace Rully Setiawan
TURKEY: Turkiye Finans Katilim Bankasi makes second return payment for 210-day lease certificates worth TRY500 million (US$62.51 million)
UAE: SHUAA GMC appoints FAB Securities Services to provide global custody services for new Islamic funds in Abu Dhabi Global Market
MALAYSIA: FWD Takaful to expand referral affiliate program to include online Takaful plans
NIGER: Islamic Solidarity Fund for Development donates US$40.42 million to Islamic University of Niger
PAKISTAN: Securities and Exchange Commission of Pakistan publishes consultation paper on digital asset trading regulations; to engage market for input
MALAYSIA: Maybank Islamic extends RM10 million (US$2.42 million)-worth of Islamic banking facilities to Cabnet Systems
INDONESIA: Rate of return for four Sukuk Negara Tabungan series remains unchanged
IRAN: Iranian Ministry of Economic Affairs and Finance concludes 24th bond auction
UAE: Dubai Islamic Bank hires banks for potential issuance of US dollar-denominated additional Tier 1 Sukuk
TURKEY: Albaraka Turk Katilim Bankasi to issue TRY100 million (US$12.5 million)-worth of lease certificates on 16th November 2020
MALAYSIA: Securities Commission Malaysia proposes amendments to unit trust guidelines; considering similar proposals for exchange-traded funds
INDONESIA: Indonesian government extends offering period for cash Waqf-linked Sukuk series SWR001
MALAYSIA: Bank Negara Malaysia auctions Islamic liquidity management tools
BAHRAIN: Al Baraka Banking Group maintains profit levels during first nine months of 2020
MALAYSIA: RAM reaffirms ‘AA3/Stable’ rating on Trinity Asia Ventures’s Tranche 1 Islamic medium-term note
MALAYSIA: RAM reaffirms Besraya’s RM700 million (US$169.84 million) Sukuk Mudarabah rating at ‘AA3/Stable’
MALAYSIA: Fintech company TFX Islamic launches cross-border Shariah compliant supply chain finance platform
TURKEY: Lutfi Elvan joins Turkish Ministry of Treasury and Finance as new minister
SAUDI ARABIA: Al Sagr Cooperative Insurance Company hires Shariyah Review Bureau to manage Shariah compliance affairs
INDONESIA: Indonesian SME agency partners with Islamic knowledge center to provide mentoring to Shariah compliant cooperatives
IRAN: Remaining three banks of Iran’s five-bank merger with Bank Sepah to hold final merger meetings within next month
PAKISTAN: MCB Islamic Bank collaborates with National Institutional Facilitation Technologies to promote digital payments in Pakistan via NIFT ePAY
BANGLADESH: Central Shariah Board for Islamic Banks of Bangladesh appoints new chairman and vice-chairman for remainder of 2019–23 term
IRAN: Iran’s Ministry of Economic Affairs and Finance floats Murabahah securities with profit rate of 18%
SAUDI ARABIA: AlAhli REIT Fund 1 acquires land adjacent to Al-Andalus Mall as first step of expansion
US: Investcorp sells eight multifamily real estate assets for over US$900 million
IRAN: Carmaker SAIPA issues IRR8 trillion (US$190 million) Sukuk Murabahah through Tehran Stock Exchange
INDONESIA: Indonesian government raises IDR10 trillion (US$709.56 million) from Sukuk auction; completes early redemption of Sukuk series ST006
GLOBAL: International Islamic Liquidity Management Corporation reissues US$1.07 billion in short-term Sukuk
MALAYSIA: Idiwan Solar floats RM1 million (US$242,628) unrated Islamic medium-term note
MALAYSIA: Gamuda offers three-month RM200 million (US$48.53 million) Islamic commercial paper
GAMBIA: Central Bank of Gambia’s three Sukuk Salam papers undersubscribed
KUWAIT: Central Bank of Kuwait auctions bonds and related Tawarruq papers totaling KWD160 million (US$521.74 million)
MALAYSIA: Bank Negara Malaysia sells RM18.4 billion (US$4.46 billion)-worth of Shariah papers
MALAYSIA: BGMC BRAS Power issues RM24 million (US$5.82 million) Islamic medium-term note
GLOBAL: Investcorp invests in China’s medical testing services group Kindstar Globalgene
GLOBAL: Bahrain Bourse and Saudi Stock Exchange elected as board members of Arab Federation of Exchanges
TURKEY: TF Varlik Kiralama makes payment to holders of TRY150 million (US$18.26 million) 179-day lease certificates
SAUDI ARABIA: Saudi Re for Cooperative Reinsurance Co maintains ‘AA+’ rating from SIMAH Rating Agency
UAE: Emirates NBD strengthens customer intelligence with SAS Multiplier Effect framework
INDONESIA: Indonesian regulator reveals six initiatives for 2021 to be included in 2020–24 financial services master plan
PAKISTAN: Codebase Technologies expands product offering with new solution for Pakistani government’s Roshan Digital Account
INDONESIA: Bank Indonesia launches chatbot LISA
UAE: Abu Dhabi Islamic Bank rolls out chatbot service available in Emirati Arabic dialect
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