IFN Country Analysis
| Country & Regional | ||||
UAE: National Takaful Company registers 74% growth in net profit for first three months
BAHRAIN: Al Baraka Banking Group sees operating income shrink by 8% to US$93 million in first quarter of 2021
QATAR: QIIB maintains ‘A2’ credit rating driven by solid asset quality
UAE: Emirates Islamic maintains ‘A+’ issuer default rating with a stable outlook
BANGLADESH: Pubali Bank Securities withdraws Abdulla Al Mamun as authorized representative with immediate effect
GLOBAL: Malaysia’s sovereign sustainable Sukuk facility begins trading on Hong Kong’s stock exchange
IRAN: Central Bank of Iran authorizes only domestically extracted cryptocurrencies for foreign currency payments
BAHRAIN: Al Baraka Islamic Bank signs agreement with Eskan Bank to offer financing for Danat Al Baraka residential units
MALAYSIA: Bank Negara Malaysia continues to print Islamic papers to support Shariah banking liquidity
US: Islamic digital banking start-up Fair Fintech joins AAOIFI
MALAYSIA: reNIKOLA Solar raises RM390 million (US$94.76 million) through ASEAN Green SRI Sukuk
MALAYSIA: Maybank Islamic prints RM1.5 billion (US$364.97 million)-worth of Islamic commercial papers
MALAYSIA: Matrix Concepts Holdings issues RM50 million (US$12.17 million) three-month Islamic commercial paper
MALAYSIA: Gamuda floats RM200 million (US$48.66 million) Murabahah commercial paper
BRUNEI: Bruneian government issues BN$100 million (US$75.44 million) Sukuk Ijarah, bringing total Sukuk outstanding to BN$325 million (US$245.19 million)
MALAYSIA: AEON Co manages liquidity with RM125 million (US$30.41 million) one-month Islamic commercial paper
MALAYSIA: BIMB Investment Management declares 7.89% distribution yield for BIMB-Arabesque i-Global Dividend Fund 1
SAUDI ARABIA: Arabian Shield Cooperative Insurance participates in insurance pool for mandatory travel product
KUWAIT: Central Bank of Kuwait rolls out digital platform to facilitate monetary gift transfers during Eid
UAE: Ajman Bank inaugurates first wealth management branch in Dubai
UK: Capital Markets Malaysia supports IFN UK Forum 2021 as strategic partner
UAE: SocioPay launches scan and pay mobile app enabling charitable donations
SAUDI ARABIA: Capital Market Authority approves International Central Securities Depositories Instructions
OMAN: Omani Capital Market Authority approves new rules for public offerings
IRAN: Central Bank of Iran calls for guaranteed lifting of sanctions on Iranian banking industry during nuclear talks
MALAYSIA: Lembaga Tabung Haji records higher Zakat contributions for 2020
MALAYSIA: Bank Islam targets 30 homes to be handed over under Asnaf Personal Financing-i scheme this year
KUWAIT: Capital Markets Authority grants collective investment scheme license to Watani Investment Company for Islamic Leasing and Finance Fund XXII
UAE: HashCash to develop Shariah compliant crypto exchange for UAE entity
SAUDI ARABIA: Bank AlJazira announces early redemption of SAR2 billion (US$532.57 million) Sukuk due 2026
IRAN: Iran’s Economic Commission of the Parliament to approve new capital market law repositioning Securities and Exchange Organization
PAKISTAN: Bank of Punjab launches Roshan Digital Account services free of charge for Islamic and conventional customers
ALGERIA: Prime Minister Abdelaziz Djerad urges finance ministry to intensify efforts to promote Islamic finance
KUWAIT: Al-Tijaria Real Estate Development Company secures Islamic financing agreement worth KWD11 million (US$36.44 million) for future projects
UK: Law firm Foot Anstey promotes Zahir Nayani to equity partner
OMAN: Bank Nizwa appoints Ali Suliman Mohammed Al Jahdhami as non-voting Shariah board member
MALAYSIA: reNIKOLA Solar to issue green Sukuk worth up to RM390 million (US$94.76 million) on 11th May
MALAYSIA: Fraser & Neave Holdings proposes Sukuk programs worth a total of up to RM3 billion (US$728.95 million) to refinance existing borrowings
MALAYSIA: Maybank Asset Management launches debut mixed assets Islamic fund with Waqf feature
KUWAIT: Mezzan Holding Company signs market maker agreement on shares with KFH Capital Investment Company
GLOBAL: IsDB and The World Academy of Sciences collaborate to offer joint research and technology transfer grant to qualified women researchers
UK: Offa completes Shariah compliant rebridging facility worth GBP826,000 (US$1.15 million) for London properties
SAUDI ARABIA: Saudi Arabia’s insurance sector witnesses 2.3% growth as total written premiums reach SAR38.78 billion (US$10.34 billion) in 2020
KUWAIT: Kuwait International Bank partners with Mobiquity to design bank’s digital transformation
GLOBAL: IsDB and South Center release policy paper on strategies for South–South and triangular cooperation
INDONESIA: Five conventional banks to exit Aceh as province implements fully Islamic financial system
UZBEKISTAN: Trustbank signs agreement with ICS Financial Systems for Islamic banking software solution
SAUDI ARABIA: Arabian Shield Cooperative Insurance Company receives approval from Capital Market Authority for capital increase
PAKISTAN: Faysal Bank signs agreement with Emaar Properties to provide Islamic home financing facilities
PAKISTAN: Summit Bank welcomes Salman Zafar Siddiqi as new CFO