Championing Malaysia’s digital leap with Islamic fintech
Monday, 05 Apr 2021 | Volume18.Issue14
IFN Correspondent ReportsUK: Al Rayan Bank’s commercial property portfolio grows by 20% to more than GBP600 million (US$835.7 million) in 2020
MALAYSIA: Bank Islam Malaysia maintains ‘AA3/Stable/P1’ ratings despite restructuring
KUWAIT: Fitch affirms Kuwait Finance House’s long-term issuer default rating at ‘A+’ with a negative outlook
KUWAIT: Boubyan Bank records KWD24.83 million (US$82.26 million) in net operating profit for first quarter of 2021
SAUDI ARABIA: Alinma Bank posts 73.51% increase in net profit for first quarter of 2021
IRAN: Central Bank of Iran releases rules governing cryptocurrency foreign exchange payments
SAUDI ARABIA: Al Rajhi Bank grows 2021 first quarter net profit by about 40% to SAR3.34 billion (US$890.18 million)
PALESTINE: Palestine Monetary Authority makes Estidama Fund permanent to support economy through Islamic and commercial banks
GLOBAL: Sukuk market to maintain momentum for the rest of 2021 thanks to investor appetite and funding diversification needs, says Fitch
GLOBAL: First Abu Dhabi Bank commences share capital transfer process to acquire Bank Audi Egypt
MALAYSIA: BIMB Holdings unveils post-restructuring plan
PAKISTAN: Non-resident Pakistanis with Roshan Digital Account allowed to invest in Islamic mutual funds via Al Meezan Investment Management
BAHRAIN: Mazar Rashid Jalal resigns as chief compliance and governance officer of Bahrain Islamic Bank
NIGERIA: Pension Fund Operators Association of Nigeria to launch new Shariah compliant pension fund this year
KUWAIT: Capital Markets Authority of Kuwait renews Collective Investment Scheme License of Watani USD Money Market Fund for three-year period
TURKEY: TF Varlik Kiralama auctions TRY300 million (US$36.71 million)-worth of lease certificates to qualified investors
SAUDI ARABIA: Saudi Ministry of Finance closes April 2021 Sukuk offering worth SAR11.71 billion (US$3.12 billion)
INDONESIA: Indonesia exercises greenshoe option; raises IDR2.64 trillion (US$181.52 million) from four sovereign Shariah securities
TURKEY: Turkiye Emlak Katilim Bankasi sells domestic lease certificates worth TRY180 million (US$22.03 million)
MALAYSIA: Bank Negara Malaysia issues three Islamic papers totaling RM21.25 billion (US$5.16 billion)
UAE: Emirates Islamic posts net profit of AED212 million (US$57.71 million) for first quarter of 2021
MALAYSIA: Malaysian government secures ‘A3’ rating for proposed US dollar Sukuk
KUWAIT: Fitch affirms Boubyan Bank’s long-term issuer default rating at ‘A+’ and short-term issuer default rating at ‘F1’ with negative outlook
UAE: Central Bank of the UAE extends AED50 billion (US$13.61 billion) Targeted Economic Support Scheme until June 2022
OMAN: Bank Nizwa launches WhatsApp banking service catering to customers globally
INDONESIA: Bank Indonesia maintains BI seven-day reverse repo rate at 3.5%
EGYPT: Faisal Islamic Bank grows total assets by 12.9% to EGP118 billion (US$7.5 billion)
SAUDI ARABIA: Red Sea Development Co to secure SAR14 billion (US$3.73 billion) green financing to fund first phase of luxury tourism project
SAUDI ARABIA: Saudi Central Bank grants license to Marsoom Debt Collection Company
UAE: Digital Financial Services partners with Lulu Group International to offer secure e-wallet payment services
GLOBAL: Tristar Transport to float IPO this month; expects IPO to be declared Shariah compliant
GLOBAL: IFSB releases Islamic banking data for third quarter of 2020
MALAYSIA: Capital Markets Malaysia and Institutional Investors Council Malaysia launch Sustainable Investment Platform
INDONESIA: Badan Wakaf Indonesia collaborates with four universities to launch National Waqf Index
UAE: Emirates NBD to grow Saudi branch network to 24 from current six
GLOBAL: Waqfinity CEO Akmal Saleem joins IFN as new correspondent for Waqf sector
GLOBAL: International Islamic Trade Finance Corporation planning new financial instruments including risk-sharing alternatives and bank guarantee products
UAE: Takaful Emarat Insurance announces seven nominees for membership of board of directors
UAE: Sharjah Islamic Bank records increase of 6.8% in net profit for three-month period ended the 31st March 2021
INDONESIA: Bank Sumsel Babel collaborates with National Zakat Agency to introduce new payment system facilitating Zakat payments
TURKEY: Ministry of Treasury and Finance of Turkey issues CPI-indexed lease certificates worth TRY1.36 billion (US$167.52 million)
INDONESIA: Indonesia raises IDR7.37 trillion (US$507.32 million) from Sukuk auction; plans additional Sukuk auction with greenshoe option
MALAYSIA: Pelabuhan Tanjung Pelepas sells RM200 million (US$48.57 million) Islamic medium-term note with a profit rate of 3.74%
MALAYSIA: Idiwan Solar prints Murabahah-based Islamic medium-term note
GAMBIA: Central Bank of Gambia concludes Sukuk Salam auction
MALAYSIA: Danum Capital auctions RM500 million (US$121.42 million) Islamic medium-term note with a profit rate of 2.24%
KUWAIT: Central Bank of Kuwait places bonds and related Tawarruq papers totaling KWD240 million (US$795.08 million)
MALAYSIA: Bank Negara Malaysia issues three Shariah papers
MALAYSIA: BGMC Bras Power prints RM4 million (US$971,323) unrated Islamic medium-term note
TURKEY: Albaraka Turk Katilim Bankasi makes return payments to holders of TRY50 million (US$6.16 million) lease certificates
Monday, 05 Apr 2021 | Volume18.Issue14
IFN Correspondent ReportsWednesday, 24 Feb 2021 | Volume18.Issue09
IFN Correspondent ReportsTuesday, 09 Feb 2021 | Volume18.Issue06
IFN Correspondent ReportsTuesday, 22 Dec 2020 | IFN Annual Guide 2021
FeaturesWednesday, 04 Nov 2020 | Volume17.Issue45
IFN Correspondent ReportsMonday, 28 Sep 2020 | Volume17.Issue39
IFN Correspondent ReportsMonday, 07 Sep 2020 | Volume17.Issue36
IFN Correspondent ReportsWednesday, 12 Aug 2020 | Volume17.Issue33
IFN Correspondent ReportsWednesday, 01 Jul 2020 | Volume17.Issue27
IFN Correspondent ReportsWednesday, 20 May 2020 | Volume17.Issue21
IFN Correspondent ReportsTuesday, 19 May 2020 | Volume17.Issue20
Special ReportsThursday, 07 May 2020 | IFN Annual Guide 2020
FeaturesThursday, 02 Apr 2020 | Volume17.Issue14
IFN Correspondent ReportsMonday, 09 Mar 2020 | Volume17.Issue10
IFN Correspondent ReportsMonday, 03 Feb 2020 | Volume17.Issue05
IFN Correspondent ReportsMonday, 13 Jan 2020 | Volume17.Issue02
IFN Correspondent ReportsTuesday, 03 Dec 2019 | Volume16.Issue48
IFN Correspondent ReportsTuesday, 12 Nov 2019 | Volume16.Issue45
IFN Correspondent ReportsTuesday, 01 Oct 2019 | Volume16.Issue39
IFN Correspondent ReportsThursday, 05 Sep 2019 | Volume16.Issue36
IFN Correspondent ReportsMonday, 29 Jul 2019 | Volume16.Issue30
IFN Correspondent ReportsWednesday, 10 Jul 2019 | Volume16.Issue28
IFN Correspondent ReportsMonday, 27 May 2019 | Volume16.Issue21
IFN Correspondent ReportsFriday, 19 Apr 2019 | Volume16.Issue16
IFN Correspondent ReportsMonday, 25 Mar 2019 | Volume16.Issue12
IFN Correspondent ReportsMonday, 04 Mar 2019 | Volume16.Issue09
IFN Correspondent ReportsTuesday, 29 Jan 2019 | IFN Annual Guide 2019
FeaturesThursday, 24 Jan 2019 | Volume16.Issue04
IFN Correspondent ReportsMonday, 10 Dec 2018 | Volume15.Issue50
IFN Correspondent ReportsFriday, 26 Oct 2018 | Volume15.Issue44
IFN Correspondent ReportsFriday, 28 Sep 2018 | Volume15.Issue40
IFN Correspondent ReportsTuesday, 28 Aug 2018 | Volume15.Issue35
IFN Correspondent ReportsThursday, 26 Jul 2018 | Volume15.Issue31
IFN Correspondent ReportsThursday, 21 Jun 2018 | Volume15.Issue26
IFN Correspondent ReportsFriday, 25 May 2018 | Volume15.Issue22
IFN Correspondent ReportsWednesday, 25 Apr 2018 | Volume15.Issue18
IFN Correspondent ReportsFriday, 09 Mar 2018 | Volume15.Issue11
IFN Correspondent ReportsTuesday, 20 Feb 2018 | Volume15.Issue08
IFN Correspondent ReportsThursday, 25 Jan 2018 | Volume15.Issue05
IFN Correspondent ReportsMonday, 08 Jan 2018 | Volume15.Issue02
IFN Correspondent ReportsTuesday, 26 Dec 2017 | IFN Annual Guide 2018
FeaturesTuesday, 14 Nov 2017 | Volume14.Issue46
IFN Correspondent ReportsMonday, 16 Oct 2017 | Volume14.Issue42
IFN Correspondent ReportsWednesday, 20 Sep 2017 | Volume14.Issue39
IFN Correspondent ReportsTuesday, 22 Aug 2017 | Volume14.Issue34
IFN Correspondent ReportsFriday, 07 Jul 2017 | Volume14.Issue28
IFN Correspondent ReportsFriday, 09 Jun 2017 | Volume14.Issue24
IFN Correspondent ReportsWednesday, 17 May 2017 | Volume14.Issue21
IFN Correspondent ReportsMonday, 17 Apr 2017 | Volume14.Issue16
IFN Correspondent ReportsThursday, 09 Mar 2017 | Volume14.Issue11
IFN Correspondent Reports