IFN Country Analysis
| Country & Regional | ||||
ALGERIA: Al Baraka Algeria maintains ratings by Islamic International Rating Agency
PAKISTAN: Hamdard Institute of Management Sciences forms Hamdard University – Islamic Finance Academic Advisory Board to offer Islamic finance courses
PAKISTAN: Pakistan Stock Exchange to suspend trading of K-Electric’s KELSC4 Sukuk facility for 22nd profit payment
INDONESIA: Tiga Pilar Sejahtera Food to repurchase Sukuk facilities on the 22nd December
BANGLADESH: Bangladesh Bank looking to hire consulting firm to conduct feasibility study on green Sukuk guidelines
INDONESIA: Wijaya Karya raises IDR2 trillion (US$141.05 million) from bond-Sukuk offering to meet working capital and refinancing needs
MALAYSIA: Sime Darby Property prints RM150 million (US$36.8 million) ASEAN Sustainability SRI Sukuk Musharakah
MALAYSIA: FWD Takaful introduces new online plan covering children with learning disabilities
MALAYSIA: FTSE Bursa Malaysia Hijrah Shariah Index replaces FGV Holdings and Serba Dinamik Holdings with Inari Amertron and Petronas Dagangan
MALAYSIA: Agrobank makes RM1 million (US$245,337) Zakat donation to government’s COVID-19 fund
EGYPT: Codebase Technologies partners with Masria Digital Payments to launch MDP Neo solution for North African market
MALAYSIA: Touch Mobile issues RM10 million (US$2.45 million) Islamic commercial paper
BANGLADESH: Islami Bank Bangladesh receives Bangladesh Securities and Exchange Commission approval to issue Sukuk Mudarabah
MALAYSIA: Bank Negara Malaysia prints two Islamic liquidity management tools
MALAYSIA: Malaysia Building Society swings back to black in the third quarter with RM258.24 million (US$63.32 million) net profit
MALAYSIA: AMMB Holdings’s Islamic banking income down by 2.7% for half year ended the 30th September 2020
MALAYSIA: RAM reaffirms ‘AAA(s)/Stable’ ratings on Khazanah Nasional’s Islamic securities programs issued by four funding conduits
MALAYSIA: MARC affirms ‘AA-IS’ rating with stable outlook on AZRB Capital’s RM535 million (US$131.19 million) Islamic medium-term notes
SAUDI ARABIA: Capital Market Authority deregulates trading commission on parallel market for buyers and sellers to enhance trading environment
GLOBAL: Qatar Investment Authority acquires 10% shareholding in Borsa Istanbul in US$200 million deal
GLOBAL: AAOIFI preparing governance standard for Shariah crowdfunding
MALAYSIA: Perak Islamic Religious and Malay Customs Council launches Shariah compliant prepaid card in collaboration with e-wallet
SAUDI ARABIA: Mulkia Gulf Real Estate REIT Fund enlists Zakat advisor for fund registration
GLOBAL: IsDB Prize for Impactful Achievement in Islamic Economics receiving nominations until the 20th December 2020
EGYPT: Egyptian property company to raise EGP2 billion (US$127.43 million) through Sukuk in first quarter of 2021 to finance housing project
BAHRAIN: Solidarity Bahrain engages advisors to conduct due diligence on proposed merger with T’azur
UAE: Arab National Bank’s US$750 million Tier 2 Sukuk facility receives final ‘BBB-’ rating from Fitch
MALAYSIA: Bursa Malaysia concludes bond on blockchain proof-of-concept
MALAYSIA: Sime Darby Property issues three Musharakah-based Islamic medium-term notes
MALAYSIA: Guan Chong prints seven-year Islamic medium-term note
MALAYSIA: Gamuda offers RM200 million (US$49.04 million) Islamic commercial paper
MALAYSIA: Cagamas sells two Islamic papers totaling RM800 million (US$196.17 million)
MALAYSIA: Bank Negara Malaysia auctions RM20.2 billion (US$4.95 billion)-worth of Shariah papers
MALAYSIA: Malaysian central bank issues exposure draft for microTakaful and microinsurance products under Perlindungan Tenang initiative
PAKISTAN: State Bank of Pakistan revises transaction structure of Government of Pakistan Sukuk Ijarah on Jinnah International Airport Karachi
BAHRAIN: Al Salam Bank Bahrain appoints Muzaffar Hussain Naveed Allana as head of finance
SAUDI ARABIA: Jadwa REIT Al Haramain Fund invests SAR50 million (US$13.33 million) in Shariah compliant private real estate investment fund
MALAYSIA: Bank Negara Malaysia elaborates on new COVID-19 financing facilities for SMEs
IRAN: Iranian Ministry of Economic Affairs and Finance announces 27th bond auction results
MALAYSIA: Sunway Treasury Sukuk issues RM100 million (US$24.5 million) Islamic commercial paper
MALAYSIA: Property developer Sunsuria auctions two Wakalah-based Islamic medium-term notes
INDONESIA: Indonesian government targets IDR6 trillion (US$423.28 million) in upcoming Sukuk auction
GAMBIA: Central Bank of Gambia concludes auction featuring three Sukuk Salam facilities
IRAN: Central Bank of Iran unveils new type of security to support productive economy
PALESTINE: IsDB-supported Economic Empowerment Fund for the Palestinian People holds first meeting to implement strategy
MALAYSIA: RHB Islamic signs MoU with Malaysian Green Technology and Climate Change Center to support green mosque and Green Growth Initiative
SAUDI ARABIA: Allied Cooperative Insurance Group welcomes Khaled Sulaiman Mohammed Al Jasser and Abdullah Saleh Al Harbi as board members
PAKISTAN: Aftab Afroz Mahmoodi joins Awwal Modaraba Management as CFO
MALAYSIA: UiTM Solar Power Dua plans Green Sustainable and Responsible Investment Sukuk of up to RM100 million (US$24.5 million)
INDONESIA: Indonesian government targets IDR6 trillion (US$423.28 million) in upcoming Sukuk auction