IFN Country Analysis
| Country & Regional | ||||
MOROCCO: Morocco to debut Takaful coverage with three products
UK: Digital real estate agency Nested to launch interest-free equity loan
MALDIVES: Bank of Maldives introduces cash financing option for BML Islamic Personal Financing portfolio
AUSTRALIA: Centre for Islamic Economics Australia certifies MRHB DeFI as Shariah compliant
MALAYSIA: A Tech Insure partners with Pertubuhan Keselamatan Sosial and Angkatan Koperasi Kebangsaan Malaysia to offer Qard-based solution
GLOBAL: US-based Aspiration to offer Islamic and conventional sustainable finance solutions in Qatar Free Zones
MALAYSIA: Shariah Advisory Council of Securities Commission Malaysia approves 33 companies as Shariah compliant
MALAYSIA: Islamic financial comparison website SharLife launches in Malaysia
GLOBAL: Delegation from African Union discusses Islamic finance with Bahrain Institute of Banking and Finance
BANGLADESH: Bangladesh House Building Finance Corporation launches new Islamic housing finance product
INDONESIA: Bank Syariah Indonesia signs MoU with LinkAja to increase inclusion and digital financial literacy in Indonesia
INDONESIA: Bank KB Bukopin Syariah opens new branch office in Aceh
MALAYSIA: Yinson Holdings one step closer to issuing RM1 billion (US$236.43 million) Sukuk facility; receives final ‘A+IS’ rating
MALAYSIA: CIMB Group and CIMB Bank set up RM15 billion (US$3.55 billion) Sukuk Wakalah programs
INDONESIA: Bank Muamalat Indonesia eyes IDR2 trillion (US$139.93 million) Sukuk issuance to strengthen capital structure
KUWAIT: Warba Bank receives tender offers amounting to US$101.95 million for outstanding US$250 million Tier 1 capital certificates
MALAYSIA: AME Elite Consortium to establish Shariah compliant AME REIT
SAUDI ARABIA: FALCOM Financial Services appoints Albilad Investment Company as independent custodian for two funds
MALAYSIA: Bank Negara Malaysia places two Shariah papers
MALAYSIA: Cagamas issues RM500 million (US$118.21 million) Islamic medium-term note with a profit rate of 2.33%,
MALAYSIA: Gamuda sells Murabahah-based Islamic commercial paper
MALAYSIA: Idiwan Solar prices unrated RM2 million (US$472,851) Islamic medium-term note
MALAYSIA: Ihsan Sukuk proposes to replace Khazanah Nasional’s role as investment agent in RM1 billion (US$236.43 million) Islamic medium-term note program
MALAYSIA: Setia Fontaines auctions two Islamic medium-term notes totaling RM14 million (US$3.31 million)
PAKISTAN: Securities and Exchange Commission of Pakistan amends regulations to facilitate start-ups in raising equity
IRAQ: Islamic International Rating Agency assigns ‘B/B’ local and foreign currency ratings to Trust International Islamic Bank
MALAYSIA: MY EG Services signs MoU with A Tech Insure for Takaful coverage and road tax renewal
MALAYSIA: FWD Takaful provides funding worth RM250,000 (US$59,355.9) to International Islamic University College Selangor’s research project
SAUDI ARABIA: Saudi Central Bank greenlights Amana Cooperative Insurance Company’s merger with Saudi Enaya for Cooperative Insurance Co
INDONESIA: Otoritas Jasa Keuangan issues sanction to limit business activities of Asuransi Jiwa Syariah Bumiputera
MALAYSIA: MARC affirms ‘MARC-1IS’ and ‘AA-IS’ ratings on Northport Malaysia’s Islamic facilities
UAE: Sharjah Islamic Bank signs cooperation agreement with Ajman Sewerage Company to facilitate payment
PAKISTAN: Meezan Bank-led consortium and EnerTech Water Private sign PKR25.5 billion (US$145.09 million) Islamic syndicated financing deal
GLOBAL: IsDB extends nomination deadline for IsDB Prize for Impactful Achievement in Islamic Economics for the year 2022
GLOBAL: Members of IsDB Group allocate funding for member countries and SMEs
INDONESIA: Indonesia Stock Exchange signs MoU with Hajj Financial Management Agency to develop Indonesia’s Shariah capital market
EGYPT: Egypt secures US$2 billion Islamic-conventional syndicated bank financing
SENEGAL: International Islamic Trade Finance Corporation grants EUR40 million (US$44.87 million) in financing to Senegal National Groundnut Company
UAE: SHUAA Capital in talks to list one or more subsidiaries through IPO
BAHRAIN: Al Salam Bank Bahrain acquires 344,000 treasury shares on Bahrain Bourse
MALAYSIA: Bank Negara Malaysia prices three Islamic liquidity management papers totaling RM25.35 billion (US$6.02 billion)
MALAYSIA: Tenaga Nasional issues four Murabahah- and Wakalah-based Islamic medium-term notes totaling RM3 billion (US$712.27 million)
GLOBAL: Mohammed Hassan Al Naqool Sons Company realizes almost 24% returns on initial investment into Shariah compliant Graphene Ventures Fund
MALAYSIA: Syarikat Takaful Malaysia records RM255.69 million (US$60.93 million) in profit during first nine months
MALAYSIA: EKVE maintains ‘AAA’ rating on guaranteed Sukuk Murabahah of up to RM1 billion (US$238.31 million)
MALAYSIA: RAM reaffirms top ratings on Digi Telecommunications’s Islamic facilities
OMAN: Ahli Islamic launches mobile application for opening of savings account
MALAYSIA: Bursa Securities files originating summons in Kuala Lumpur High Court against Serba Dinamik Holdings
YEMEN: IsDB Group commits US$20 million to support construction of oxygen production stations in Yemen in partnership with World Health Organization and Yemeni government
SAUDI ARABIA: Investcorp launches Saudi-focused Pre-IPO Growth Vehicle