MALAYSIA: Employees Provident Fund rolls out US$600 million Islamic private equity separate managed account fund
MALAYSIA: Maybank reports 20.9% drop in 2020 net profit to RM6.48 billion (US$1.6 billion)
MALAYSIA: Skim Simpanan Pendidikan Nasional declares 4% dividend for 2020
MALAYSIA: Syarikat Takaful Malaysia Keluarga records decrease in operating revenue to RM2.96 billion (US$732.27 million) for 2020
MALAYSIA: UiTM Solar 2 secures ‘AA-IS’ rating for green Sukuk of up to RM100 million (US$24.74 million)
BAHRAIN: Al Baraka Banking Group records decrease of 8% in total net income for 2020 financial year
MALAYSIA: Cendana Sejati receives ‘D’ rating on senior Sukuk Murabahah program following failure to make timely redemption
UAE: AM Best removes Noor Takaful General and Noor Takaful Family from negative rating watch
MALAYSIA: MARC places ratings on Alpha Circle’s Sukuk on MARCWatch Negative following failure of meeting payment obligations
MALAYSIA: George Kent (Malaysia) closer to tapping Islamic capital market; receives final ratings for Sukuk programs
PAKISTAN: International Islamic Trade Finance Corporation to mobilize US$1.1 billion in trade finance support for Pakistan’s energy sector
NIGERIA: Non-Interest Financial Institutions Association of Nigeria appoints Hassan Usman as president
GLOBAL: Global Sukuk offerings to moderate in 2021 as economies improve, financing needs narrow and COVID-19 expenditures shrink, predicts Moody’s
INDONESIA: Indonesia’s Financial Services Authority unveils 2020–25 Shariah Banking Development Roadmap
UAE: Dar Al Takaful repays AED100 million (US$27.22 million) in acquisition financing to Emirates NBD Bank
KUWAIT: Kuwait Real Estate Company signs KWD8.5 million (US$28.03 million) Islamic credit facility agreement with undisclosed bank
CANADA: Beneficent and Manzil collaborate to offer interest-free prepaid credit cards with cashback rewards
KUWAIT: Kuwait Finance House announces retirement of Waleed Khaled Mandani as group chief retail and private banking officer
MALAYSIA: Setia Fontaines issues RM8 million (US$1.98 million) Islamic medium-term note
MALAYSIA: Bank Negara Malaysia auctions two Islamic liquidity management papers
SRI LANKA: Amana Bank registers 167% quarter-on-quarter growth in net profit during final quarter of 2020
GLOBAL: Islamic finance market share in South and Southeast Asia to grow driven by favorable demographics, strong capitalization and government push, says Moody’s
PAKISTAN: Lahore Development Authority and Bank of Punjab sign PKR10 billion (US$62.72 million) agreement to develop apartment; banks to provide loans under Takaful
PAKISTAN: Securities and Exchange Commission of Pakistan issues draft amendments proposing reduction of turnaround time for payment of cash dividends
UAE: Emirates Islamic greenlights new Islamic funding programs of up to US$2.5 billion in addition to existing Sukuk program
UAE: Dubai Islamic Bank supports IFN Kenya Forum 2021 as lead partner
MALAYSIA: Sedania As Salam Capital rolls out GoHalal Financing Program
BANGLADESH: Mercantile Bank launches Islamic banking window TAQWA in 20 branches
TURKEY: Vakif Katilim Bankasi sells TRY164.7 million (US$23.02 million) domestic lease certificates
SOUTH AFRICA: National Treasury of South Africa to issue US$3 billion Sukuk this year
INDONESIA: Indonesia to offer retail Sukuk series SR014 with a minimum purchase value of IDR1 million (US$71.06)
SAUDI ARABIA: Creditors’ objection period for Solidarity Saudi Takaful–AlJazira Takaful Taawuni merger to end tomorrow; merger to be effective immediately in absence of objections
IRAN: Tehran Stock Exchange welcomes IPO of Opal Kani Pars Mineral Processing Company
BRUNEI: Autoriti Monetari Brunei Darussalam prices 16th issuance of AMBD Islamic Bills at BN$30 million (US$22.73 million) with a profit rate of 0.07%
IRAN: Tejarat Bank to provide banking services to Society of Iranian Petroleum Industry Equipment Manufacturers under MoU
MALAYSIA: Malaysia issues RM3.5 billion (US$865.5 million) Government Investment Issue Murabahah paper with a profit rate of 3.42%
GLOBAL: Open banking platform Tarabut Gateway secures US$13 million seed round following expansion to MENA
MALAYSIA: Bursa Malaysia amends Main Market and ACE Market listing requirements to accept a lower public spread
GLOBAL: UAE central bank and Hong Kong Monetary Authority sign MoU to boost fintech cooperation
OMAN: Dr Abdulrahman Khalil Tolefat resigns from board of directors of Al Mashaar REIT Fund
IRAN: Iranian Ministry of Economic Affairs and Finance concludes 39th bond auction
GLOBAL: GFH Financial Group partners with Silver Creek Commercial Development to acquire distribution facility in Chicago for over US$135 million
NIGERIA: Nigerian financial services group Norrenberger debuts Islamic fund
BAHRAIN: Investcorp portfolio company Ageras secures US$73 million in capital to support expansion
QATAR: Dukhan Bank expands corporate digital banking service suite
OMAN: Bank Nizwa to finance the construction of Shifa Hospital
INDONESIA: Indonesia raises IDR5 trillion (US$354.38 million) from Sukuk auction
GAMBIA: Central Bank of Gambia’s auction featuring two Sukuk Salam papers undersubscribed
MALAYSIA: DanaInfra Nasional places four Murabahah-based Islamic medium-term notes
SAUDI ARABIA: Saudi court upholds Burj Al Hayat Hotel’s lease termination; SEDCO Capital REIT Fund submits objections to Supreme Court
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