QATAR: Qatari Islamic banking assets constitute 86% of total banking sector, central bank governor says
GLOBAL: Islamic Banking and Finance Institute Malaysia collaborates with Ministry of Foreign Affairs on Associate Qualification in Islamic Finance certification program
SAUDI ARABIA: Yasser Abdulaziz Al-Kadi resigns from board of Al Sagr Cooperative Insurance Co
SAUDI ARABIA: MEFIC Capital appoints Edara as property and facility manager of MEFIC REIT Fund properties
UAE: Emirates REIT and Jebel Ali School resolve dispute regarding outstanding rent dues worth AED70 million (US$19.05 million)
MALAYSIA: Chemicals company Hextar Global secures RM89 million (US$21.62 million) Islamic financing facility to acquire two businesses
GAMBIA: The Gambia signs five-year agreement to receive up to US$50 million annually from International Islamic Trade Finance Corporation to combat COVID-19
LIBYA: Central Bank of Libya starts discussions on developing regulations and laws for electronic payment systems
GLOBAL: IsDB signs agreement with China to assist member countries in building anti-epidemic public health laboratories
GLOBAL: Kuwait International Bank extends US$125 million Murabahah financing facility to telecom entity Zain Group’s Iraqi subsidiary
GLOBAL: Islamic Corporation for the Development of the Private Sector partners with software development companies to develop blockchain literacy platform
MALAYSIA: Lembaga Tabung Angkatan Tentera appoints Ahmad Nazim Abdul Rahman as new CEO effective 15th June
TURKEY: Turkey hires banks for US dollar-denominated Sukuk issuance
UAE: Dubai Islamic Bank hires banks for five-year international Sukuk issuance of at least US$500 million
SAUDI ARABIA: ACWA Power raises SAR2.8 billion (US$745.63 million) from seven-year Sukuk issuance
MALAYSIA: Leong Hup Capital sells three unrated Islamic medium-term notes totaling RM100 million (US$24.33 million)
MALAYSIA: Chellam Plantations to conduct early redemption on outstanding Sukuk Murabahah
BAHRAIN: Central Bank of Bahrain’s short-term Sukuk Salam worth BHD43 million (US$113.42 million) oversubscribed
MALAYSIA: Cagamas places RM200 million (US$48.65 million) Islamic paper with a profit rate of 3.15%
MALAYSIA: Bank Negara Malaysia issues three Islamic liquidity management papers
MALAYSIA: Bank Muamalat Malaysia prints Islamic medium-term note worth RM500 million (US$121.63 million) with a profit rate of 4.5%
MALAYSIA: RAM reaffirms ‘AA1/Stable’ rating on Sepangar Bay Power Corporation’s RM575 million (US$139.87 million) Sukuk program
UAE: Central Bank of UAE issues guidance on anti-money laundering and combating terrorism financing for licensed financial institutions
SAUDI ARABIA: Arab Sea Information Systems Co receives Saudi Ministry of Commerce approval to establish new e-payments company
BAHRAIN: Al Salam Bank signs MoU with Era Projects to provide property financing facilities
UAE: Sharjah Islamic Bank signs agreement with Sharjah Police to open bank accounts for inmates
EGYPT: Egyptian Micro, Small and Medium Enterprises Development Agency signs contract with Banque Misr worth EGP500 million (US$31.91 million)
IRAN: Total financing for SMEs in last financial year of Iran reaches IRR856.48 trillion (US$20.29 billion)
GLOBAL: Artificial intelligence software company Kore.ai partners with Mashreq Bank on BankAssist virtual assistant product
IRAN: Central Bank of Iran approves payment deferrals for banking facilities of businesses affected by the coronavirus
SAUDI ARABIA: Al Moammar Information Systems Company renews SAR332.45 million (US$88.53 million) Islamic agreement with Banque Saudi Fransi
IRAN: Islamic Chamber of Commerce, Industry and Agriculture selects board member for 2021–25 period
GAMBIA: Yonna Foreign Exchange Bureau launches Islamic microfinance program
IRAN: Securities and Exchange Organization of Iran issues regulations on new leveraged investment fund
PAKISTAN: BankIslami Pakistan migrates wide area network, branch routers and switches across Pakistan to Huawei
INDONESIA: Association of Indonesian Housing and Settlement Developers signs cooperation agreement with Bank Jabar Banten Syariah for mortgage financing
SAUDI ARABIA: United Cooperative Assurance appoints Khaled Hussein Ali Reda as board chairman and Khalid Ahmed Al Hamdan as board vice-chairman
GLOBAL: IFSB appoints State Bank of Pakistan Governor Dr Reza Baqir as chairman of general assembly for 2022
UK: Tracey Bailey joins Gatehouse Bank as new COO
TURKEY: Vakif Katilim Bankasi auctions lease certificates worth TRY300 million (US$35.68 million)
INDONESIA: Permodalan Nasional Madani to conduct public offering of Sukuk Mudarabah worth IDR2 trillion (US$140.52 million)
MALAYSIA: Bank Negara Malaysia issues three Shariah papers
OMAN: Oman’s capital market records 7.86% growth in 2020
BANGLADESH: Bangladesh’s BDT40 billion (US$463.82 million) Sukuk Ijarah oversubscribed more than eight times
SRI LANKA: Amana Takaful Insurance records 27% growth in gross written premiums for first quarter of 2021
MALAYSIA: MARC affirms ‘A+IS(s)’ rating on Projek Lintasan Sungai Besi–Ulu Klang’s Sukuk Wakalah program worth RM2 billion (US$485.21 million)
PAKISTAN: Bank Alfalah signs MoU with Akhuwat Islamic Microfinance to provide housing finance solutions
IRAN: Iranian Ministry of Economic Affairs and Finance concludes third bond auction
SAUDI ARABIA: Alinma Bank commences Sukuk offering via private placement
UAE: Emirates REIT sells part of office floor in Dubai International Financial Centre for AED40 million (US$10.89 million)