IFN Country Analysis
| Country & Regional | ||||
US: Arcapita Group Holdings exits ARC US Student Housing Portfolio II in South Carolina
PAKISTAN: Dubai Islamic Bank Pakistan partners with Codebase Technologies to launch digital onboarding services
PAKISTAN: Securities & Exchange Commission of Pakistan restructures regulatory sandbox from cohort-based system to open status
TURKIYE: Brisa Bridgstone Sabanci Lastik Sanayi ve Ticaret issues Sukuk worth TRY600 million (US$22.18 million)
MALAYSIA: Bank Negara Malaysia issues Islamic facilities worth RM16.06 billion (US$3.42 billion) in total
PAKISTAN: State Bank of Pakistan grants in-principle approval for establishment of five digital retail banks
SAUDI ARABIA: Filling & Packing Materials Manufacturing Company signs Shariah compliant credit facility agreement with Saudi Exim Bank
SAUDI ARABIA: Perfect Presentation for Commercial Services Company renews Shariah compliant bank facility with Saudi Awwal Bank
MALAYSIA: Investment Account Platform forms strategic alliance with Malaysian Business Angel Network
TURKIYE: International Islamic Trade Finance Corporation extends syndicated Murabahah facility worth US$277 million to Turk Eximbank
KYRGYZSTAN: IsDB starts preparing member country partnership study for Kyrgyzstan
AUSTRALIA: Islamic Finance & Investments Association officially launches in Australia to promote and support Islamic finance industry
IRAN: Central Asset Management Co of Iran issues 222nd Sukuk in local capital market for IRR3 trillion (US$70.58 million)
TURKIYE: Arzum Electrical Appliances raises TRY75 million (US$2.77 million) through lease certificate issuance
GLOBAL: Shariyah Review Bureau partners with MRHB Network to assess and review new product
GLOBAL: Global Islamic funds record US$105 billion in assets under management at end of H1 2023, Fitch Ratings says
UAE: Government of Sharjah’s US$750 million Sukuk listed on NASDAQ Dubai
OMAN: Maisarah Islamic Banking Services launches savings account with an annual profit rate of up to 3.83%
SAUDI ARABIA: L’azurde Company for Jewelry’s business activities for Q2 2023 compliant with AAOIFI Shariah standards and guidelines
INDONESIA: Sains Teknik Ecosolusindo registers Sukuk worth IDR3.5 billion (US$227,471) on Indonesia Central Securities Depository
TURKIYE: Nurol Yatirim Bankasi issues Sukuk worth TRY175 million (US$6.47 million)
MALAYSIA: Association of Islamic Banking and Financial Institutions of Malaysia unveils myWakaf 2.0 to fund solar dome dryers
SAUDI ARABIA: SaudiMed Investment Company changes name to Gulf International Investment Company
GLOBAL: Islamic Coin launches Reg D token offering on Republic
SAUDI ARABIA: National Debt Management Center closes September 2023 issuance of government’s riyal-denominated Sukuk program
UK: London Stock Exchange lists DP World’s inaugural green Sukuk
KUWAIT: Central Bank of Kuwait issues bonds and related Tawarruq facilities worth KWD240 million (US$775.28 million)
GAMBIA: Central Bank of The Gambia’s Sukuk Salam oversubscribed
INDONESIA: Metrix Inspira registers Sukuk facility worth IDR907.3 million (US$58,967) on Indonesia Central Securities Depository
MALAYSIA: Matrix Concepts Holdings issues three-month Islamic commercial paper worth RM60 million (US$12.78 million)
INDONESIA: Indonesian government to raise up to IDR6 trillion (US$389.95 million) through auction of sovereign Shariah securities series
MALAYSIA: Bank Negara Malaysia issues Islamic papers worth a total of RM17.43 billion (US$3.71 billion)
BRUNEI: Brunei Darussalam Central Bank prices 138th issuance of Islamic treasury bills worth BN$30 million (US$21.99 million)
INDONESIA: Samator Indo Gas to issue Sukuk programs worth up to IDR1.25 trillion (US$81.24 million)
INDONESIA: Otorita Ibu Kota Nusantara will be able to issue Sukuk next year, Tempo reports
GLOBAL: Global Sukuk issuances marginally dropped by 3% to US$183 billion in 2022, according to International Islamic Financial Market
INDONESIA: Otoritas Jasa Keuangan to launch carbon exchange on the 26th September
MALAYSIA: Malaysia Building Society to dispose of non-financial subsidiaries and non-performing conventional loans
UAE: Baker McKenzie appoints Adil Hussain as partner and head of banking and finance practice in the UAE and global head of Islamic finance
MALAYSIA: Bank Negara Malaysia issues Islamic facilities worth RM17.31 billion (US$3.69 billion) in total
PAKISTAN: Pakistan’s banking sector shows steady performance and resilience during H1 2023, says State Bank of Pakistan
BANGLADESH: Islami Bank Bangladesh approves financing worth BDT7 billion (US$63.08 million) for Shob Meher Spinning Mills, The Daily Star reports
OMAN: Oman’s Ministry of Finance announces buyback offer for outstanding Sukuk and bonds
SAUDI ARABIA: Saudi Exchange launches new indices
OMAN: Capital Market Authority approves OQ’s prospectus for IPO
OMAN: Total assets of Oman’s Islamic banks and windows reach OMR7 billion (US$18.13 billion) at end of July 2023
OMAN: Dhofar Beverages & Foodstuff joins MSX Shariah Index
SAUDI ARABIA: Knowledge Economic City secures Shariah compliant credit facilities worth SAR143 million (US$38.1 million) with Al Rajhi Bank
UAE: Dubai Aerospace Enterprise closes US$1.6 billion financing facilities including Islamic components
SAUDI ARABIA: Capital Market Authority grants Villa Finance Company with Financial Technology Experimental Permit