BAHRAIN: Al Baraka Banking Group maintains profit levels during first nine months of 2020
MALAYSIA: RAM reaffirms ‘AA3/Stable’ rating on Trinity Asia Ventures’s Tranche 1 Islamic medium-term note
MALAYSIA: RAM reaffirms Besraya’s RM700 million (US$169.84 million) Sukuk Mudarabah rating at ‘AA3/Stable’
MALAYSIA: Fintech company TFX Islamic launches cross-border Shariah compliant supply chain finance platform
TURKEY: Lutfi Elvan joins Turkish Ministry of Treasury and Finance as new minister
SAUDI ARABIA: Al Sagr Cooperative Insurance Company hires Shariyah Review Bureau to manage Shariah compliance affairs
INDONESIA: Indonesian SME agency partners with Islamic knowledge center to provide mentoring to Shariah compliant cooperatives
IRAN: Remaining three banks of Iran’s five-bank merger with Bank Sepah to hold final merger meetings within next month
PAKISTAN: MCB Islamic Bank collaborates with National Institutional Facilitation Technologies to promote digital payments in Pakistan via NIFT ePAY
BANGLADESH: Central Shariah Board for Islamic Banks of Bangladesh appoints new chairman and vice-chairman for remainder of 2019–23 term
IRAN: Iran’s Ministry of Economic Affairs and Finance floats Murabahah securities with profit rate of 18%
SAUDI ARABIA: AlAhli REIT Fund 1 acquires land adjacent to Al-Andalus Mall as first step of expansion
US: Investcorp sells eight multifamily real estate assets for over US$900 million
IRAN: Carmaker SAIPA issues IRR8 trillion (US$190 million) Sukuk Murabahah through Tehran Stock Exchange
INDONESIA: Indonesian government raises IDR10 trillion (US$709.56 million) from Sukuk auction; completes early redemption of Sukuk series ST006
GLOBAL: International Islamic Liquidity Management Corporation reissues US$1.07 billion in short-term Sukuk
MALAYSIA: Idiwan Solar floats RM1 million (US$242,628) unrated Islamic medium-term note
MALAYSIA: Gamuda offers three-month RM200 million (US$48.53 million) Islamic commercial paper
GAMBIA: Central Bank of Gambia’s three Sukuk Salam papers undersubscribed
KUWAIT: Central Bank of Kuwait auctions bonds and related Tawarruq papers totaling KWD160 million (US$521.74 million)
MALAYSIA: Bank Negara Malaysia sells RM18.4 billion (US$4.46 billion)-worth of Shariah papers
MALAYSIA: BGMC BRAS Power issues RM24 million (US$5.82 million) Islamic medium-term note
GLOBAL: Investcorp invests in China’s medical testing services group Kindstar Globalgene
GLOBAL: Bahrain Bourse and Saudi Stock Exchange elected as board members of Arab Federation of Exchanges
TURKEY: TF Varlik Kiralama makes payment to holders of TRY150 million (US$18.26 million) 179-day lease certificates
SAUDI ARABIA: Saudi Re for Cooperative Reinsurance Co maintains ‘AA+’ rating from SIMAH Rating Agency
UAE: Emirates NBD strengthens customer intelligence with SAS Multiplier Effect framework
INDONESIA: Indonesian regulator reveals six initiatives for 2021 to be included in 2020–24 financial services master plan
PAKISTAN: Codebase Technologies expands product offering with new solution for Pakistani government’s Roshan Digital Account
INDONESIA: Bank Indonesia launches chatbot LISA
UAE: Abu Dhabi Islamic Bank rolls out chatbot service available in Emirati Arabic dialect
LIBYA: Misrata Chamber of Commerce engages National Commercial Bank in discussion on e-payment problems
LIBYA: Aman Bank launches virtual assistant and chatbot customer service
UAE: Financial Services Regulatory Authority amends regulations for provision of money services in Abu Dhabi Global Market
INDONESIA: Badan Penyelenggara Jaminan Sosial in Aceh province to offer Shariah compliant services in February 2021
INDONESIA: BNI Syariah raises IDR8.25 billion (US$585,130) from 61 Waqf projects through Hasanah Waqf digital platform
TURKEY: Turkish minister of treasury and finance resigns over health reasons
MALAYSIA: Malaysian government may consider issuing second digital Sukuk following successful debut
UAE: Islamic Arab Insurance Company revises product range to comply with Regulation 49
QATAR: Qatar Islamic Insurance Group secures approval to increase Wakalah fees until end of the year
OMAN: Omani Capital Market Authority unveils Dhamani Platform to optimize efficiency of health insurance sector
SAUDI ARABIA: Alinma Bank partners with JCB International to enable use of JCB cards in Saudi
INDONESIA: Otoritas Jasa Keuangan inaugurates new office in Mataram City of West Nusa Tenggara
KUWAIT: Kuwait International Bank appoints Manal Adnan AlRubaian as acting general internal auditor
MALAYSIA: Pengurusan Air Selangor to establish RM10 billion (US$2.43 billion) Islamic medium-term note program and Islamic commercial paper program
TANZANIA: SSC Capital to launch Shariah compliant robo-advisory app Shirkah Invest in first quarter of 2021
BAHRAIN: Mahmood AbdulRedha Qannati resigns as chief corporate communications and marketing officer of Bahrain Islamic Bank
GLOBAL: Bank of Bahrain and Kuwait appoints Ewan Sterling as general manager of international banking
BRUNEI: Autoriti Monetari Brunei Darussalam prices 187th short-term Sukuk Ijarah issuance at BN$100 million (US$74.35 million)
MALAYSIA: Bank Negara Malaysia auctions two Islamic liquidity management tools totaling RM19.95 billion (US$4.85 billion)
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