IFN Country Analysis
| Country & Regional | ||||
TURKEY: Turkish parliament approves regulation for interest-free funding market for housing
MALAYSIA: Axis REIT to acquire property from FIW Steel for RM120 million (US$29.44 million)
TURKEY: Participation Banks Association of Turkey signs MoU with Istanbul International Center for Private Sector in Development on sustainable development goals
INDONESIA: Indonesian Financial Services Authority inaugurates two micro Waqf banks in Central Java
MALAYSIA: Malaysia’s income tax exemption law on Sukuk Prihatin gazetted
GLOBAL: Al Meezan Investments collaborates with DirectFN to implement new system
INDONESIA: Bank Syariah Indonesia launches home ownership financing for a period of up to 30 years
SAUDI ARABIA: The Saudi Central Bank extends period of payment deferment and guaranteed financing programs
SAUDI ARABIA: Al Moammar Information Systems Company renews Islamic facility with Bank Albilad worth SAR100 million (US$26.62 million)
PAKISTAN: Lahore Development Authority signs agreement with Allied Bank’s Islamic banking division to facilitate online payment system
GLOBAL: Islamic Research and Training Institute strengthens collaboration with partners on global value chains and multidimensional poverty assessments
SAUDI ARABIA: BNP Paribas appoints Reema Al Asmari as new head of territory for Saudi Arabia
BAHRAIN: FinHub973 launches open API sandbox feature supporting Bahrain’s open banking framework
MALAYSIA: Bank Islam Malaysia to set up digital bank with infrastructure partners Mambu and Experian by second quarter of 2021
BRUNEI: Autoriti Monetari Brunei Darussalam prices 192nd Sukuk Ijarah issuance at BN$15 million (US$11.17 million)
INDONESIA: Bank Danamon Indonesia launches cash Waqf service following appointment as official institution receiving cash Waqf
BAHRAIN: Investcorp appoints Mohammed Al Sada as head of Bahrain and Kuwait for private wealth
SAUDI ARABIA: National Commercial Bank to redeem 2015 Tier 1 Sukuk worth SAR2.7 billion (US$718.68 million) in full
MALAYSIA: Maybank Islamic prints two Islamic commercial papers totaling RM1 billion (US$245.3 million)
MALAYSIA: Bank Negara Malaysia issues two Shariah papers
TURKEY: Albaraka Turk Katilim Bankasi sells TRY150 million (US$19.82 million) lease certificates
QATAR: Al Khaleej Takaful Insurance Co records increase in net profit for 2020 amounting to QAR33.99 million (US$9.25 million)
MALAYSIA: FWD Takaful launches RM1 million (US$246,368) COVID-19 Vaccine Special Fund for eligible customers
IRAQ: Central Bank of Iraq changes all interest imposed by banks and guarantor companies to diminishing rates
GLOBAL: Bank Syariah Indonesia and Dubai Islamic Bank to collaborate on global Sukuk, capacity-building and Shariah product development
AUSTRALIA: Plenti introduces interest-free buy-now-pay-later financing option to fund solar projects in Australia
SRI LANKA: Amana Bank’s Gold Certificate Financing increases emergency cash amount up to LKR70,000 (US$355.16)
PAKISTAN: BankIslami partners with Pakistan International Airlines to co-brand aircraft
GLOBAL: Islamic Corporation for the Insurance of Investment and Export Credit signs reinsurance agreement to support Jordanian economy
MALAYSIA: Shahril Azuar Jimin joins Maybank Group as chief sustainability officer
UAE: Khamis Mohamed Buharoon AlShamsi resigns as board member of Abu Dhabi Islamic Bank
INDONESIA: Bank BCA Syariah collaborates with Garasi.id to provide Shariah compliant vehicle financing
SAUDI ARABIA: Waleed Saud Hamad Al Khatlan resigns as non-independent board member of Taleem REIT
KUWAIT: Boubyan Bank announces resignation of Sherif Fouad Ramadan Hussein Abdulkareem as head of Information Technology Department
MALAYSIA: UiTM Solar Power Dua auctions 14 Islamic medium-term notes (IMTNs) totaling RM100 million (US$24.64 million)
SAUDI ARABIA: Sahara International Petrochemical Company to redeem SAR1 billion (US$266.46 million) Sukuk early
MALAYSIA: Bank Negara Malaysia issues three Islamic papers amounting to RM26.39 billion (US$6.5 billion)
MALAYSIA: BGRB Venture prints RM3 million (US$739,104) Islamic medium-term note
MALAYSIA: Malaysian government and Deloitte reaches RM324 million (US$79.82 million) settlement over 1MDB and SRC International case
MALAYSIA: Affin Bank’s net income from Islamic banking business increases 17.2% in 2020
INDONESIA: Bank Indonesia issues policy adjustments on property loans and downpayment for motorized vehicles
NIGERIA: Central Bank of Nigeria extends discounted interest rate for all banking facilities for another 12 months
BANGLADESH: Bangladesh Export Import Company to issue BDT30 billion (US$348.03 million) Sukuk Istisnah
BRUNEI: Autoriti Monetari Brunei Darussalam calls for consulting or law firms to assist in development of legal documentation for corporate Sukuk issuers
PAKISTAN: Islamic microfinancier Akhuwat and HBL Islamic join hands to roll out housing finance program
SAUDI ARABIA: Jadwa REIT Saudi Fund’s total assets increase to SAR370 million (US$98.59 million) following acquisition of Riyadh asset
GLOBAL: Gulf Islamic Investments acquires first property in Paris for US$300 million
LIBYA: IsDB reportedly planning to open branch in Tripoli
SAUDI ARABIA: Ahmed Al Owaid resigns as non-independent board member of Musharaka REIT